Mortgage Participation definition
Examples of Mortgage Participation in a sentence
PC Agreement: Any of ▇▇▇▇▇▇▇ Mac’s Mortgage Participation Certificate Agreements or PC Master Trust Agreements as in effect from time to time, including any amendment or applicable supplement, providing for the issuance of PCs.
PC: A ▇▇▇▇▇▇▇ Mac Mortgage Participation Certificate issued pursuant to a PC Agreement and any related pool supplement, guaranteed by ▇▇▇▇▇▇▇ Mac and representing an undivided beneficial ownership interest in a PC Pool consisting of Mortgages, or a Giant PC.
PC Agreement: Any of Freddie Mac’s Mortgage Participation Certificate Agreements or PC Master Trust Agreements as in effect from time to time, including any amendment or applicable supplement, providing for the issuance of PCs.
PC Agreement: Any of ▇▇▇▇▇▇▇ ▇▇▇’s Mortgage Participation Certificate Agreements or PC Master Trust Agreements as in effect from time to time, including any amendment or applicable supplement, providing for the issuance of PCs.
This Security is one of a duly authorized issue of Securities designated as Mortgage Participation Securities, Series 1997-NAMC 1 (herein called the "Securities"), and representing a Percentage Interest in the Class of Securities specified on the face hereof equal to the quotient, expressed as a percentage, obtained by dividing the denomination of this Security specified on the face hereof by the aggregate Initial Security Principal Balance of all the Class ____ Securities.
PC: A Mortgage Participation Certificate guaranteed by ▇▇▇▇▇▇▇ Mac and representing an undivided beneficial ownership interest in a PC Pool as to which there is a delay of approximately 45 days between the time interest begins to accrue on such PC and the holder of record receives its interest payment.
PC: A ▇▇▇▇▇▇▇ ▇▇▇ Mortgage Participation Certificate issued pursuant to a PC Agreement and any related pool supplement, guaranteed by ▇▇▇▇▇▇▇ ▇▇▇ and representing an undivided beneficial ownership interest in a PC Pool consisting of Mortgages, or a Giant PC.
The Trustee shall not exchange all or a portion of the Pooled FHLMC 1933/SG Certificates for a related class or classes of "Multiclass Mortgage Participation Certificates".
If the Subordinate Directing Holder shall decline to purchase such Mortgage Participation, then the Master Servicer may purchase such Mortgage Participation pursuant to and subject to the limitations of the Sale and Servicing Agreement.
This Security is one of a duly authorized issue of Securities designated as Mortgage Participation Securities, Series 1997-NAMC 1 (herein called the "Securities"), and representing a Percentage Interest in the Class of Securities specified on the face hereof equal to the quotient, expressed as a percentage, obtained by dividing the denomination of this Security specified on the face hereof by the aggregate initial principal amount of the Class B Securities.