Pass Through Certificate definition

Pass Through Certificate means, for any Series, any of the certificates executed, authenticated and delivered for such Series by the Pass Through Trustee, in accordance with this Pass Through Agreement and pursuant to the related Series Supplement.

Pass Through Certificate means an asset-backed security, whether or not mortgage-related, where the payment of interest or principal on the security is directly proportional to interest or principal received by the issuer of the security on the underlying assets.

Pass Through Certificate means each of the Pass Through Certificates to be issued by each of the Trusts pursuant to the Basic Agreement.

Examples of Pass Through Certificate in a sentence

• A Pass Through Certificate (PTC) represents beneficial interest in an underlying pool of cash flows.

• As of any particular time, the Person in whose name a Certificate shall be registered (but not including the holder of any Pass Through Certificate).

• FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Pass- Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund.

• Neither the Pass Through Trustee nor any holder of a Pass Through Certificate shall be deemed to be an Indemnitee.

• No holder of a Pass Through Certificate in its capacity as such holder shall be an Indemnitee.

More Definitions of Pass Through Certificate

Pass Through Certificate means the Class D Pass Through Certificates, Series 2002-1D issued by the Class D Trustee pursuant to the Pass Through Trust Agreement.

Pass Through Certificate means, as applicable, a Fannie Mae security, FHLMC Certificate or GNMA security.

Pass Through Certificate means a Class A Pass Through Certificate, a Class B Pass Through Certificate or a Class C Pass Through Certificate, as applicable.

Pass Through Certificate means the Guaranteed Mortgage Pass-Through Certificate with respect to the Mortgage Loan bearing interest at the Pass-Through Rate, to be issued to and registered in the name of the Trustee by Fannie Mae pursuant to the Indenture, not including any portion thereof transferred or exchanged pursuant to the Indenture.

Pass Through Certificate means any of the Pass Through Certificates issued pursuant to the Pass Through Trust Agreement.

Pass Through Certificate means any of the 1996 Pass Through ------------------------ Certificates, Series A1 or 1996 Pass Through Certificates, Series A2, in each case as issued by the related Pass Through Trust; and "Pass Through Certificates" means all of the Pass Through Certificates issued by each of the Pass Through Trusts.

Pass Through Certificate means any Pass Through Certificate issued pursuant to the Pass Through Trust Agreement.