GSE Securities definition

GSE Securities means the securities issued by each GSE, each of which evidences an undivided 50% beneficial ownership interest in the related Program Bonds.
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GSE Securities means the securities issued by each GSE in exchange for the Program Bonds. “GSE Special Closing Counsel” means the special counsel to the GSEs identified on Schedule A of the Placement Agreement.
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Examples of GSE Securities in a sentence

  • A GSE will only share in Program Losses realized on the New Issue Bonds backing the GSE Securities issued by that GSE and on losses realized on that GSE’s portion of the Temporary Credit and Liquidity Facilities.

  • Loss sharing payments made with respect to GSE Securities will be made as a distribution under the GSE Security and all other loss sharing payments will be paid to Treasury to such account as Treasury may require.

  • In order to evidence a GSE’s loss sharing obligations with respect to the GSE Securities it issues, the GSE will issue a partial guarantee to the related Trust (“Partial Guarantee”) for Program Losses allocable to such GSE Securities.

  • Any losses incurred with respect to accrued but unpaid interest on any of the New Issue Bonds backing the GSE Securities issued from time to time under the New Issue Bond Program and on any Credit Advance or Liquidity Advance made from time to time under the Temporary Credit and Liquidity Facilities issued under the Temporary Credit and Liquidity Facility Program are not subject to sharing with the GSEs and will be entirely borne by Treasury.

  • Multiclass GSE Securities are directly or indirectly backed by Underlying GSE Securities.

  • Underlying GSE Securities: 45-Day Securities, 55-Day Securities and/or 75-Day Securities, as applicable.

  • The amount to be paid by Treasury for the GSE Securities backed by the Program Bonds and which is allocable to the Program Bonds (before the netting out of any fees or expenses) is equal to the stated principal of the Program Bonds; that is, no portion of the Program Bonds were issued at a premium..

  • The parties hereby acknowledge that Settlement with respect to each issue of GSE Securities will occur in accordance with and subject to the terms of the related Settlement Agreement.

  • REMIC Certificates: Multiclass GSE Securities and Multiclass GNMA Securities.

  • Treasury (or Treasury’s Agent) will acquire legal and beneficial ownership of GSE Securities upon delivery thereof in accordance with the related Placement Agreement and Settlement Agreement.

Related to GSE Securities

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • BofA Securities means BofA Securities, Inc.

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.