Examples of Xxxxxx Mae Securities in a sentence
Xxxxxx Xxx shall not be permitted to repurchase the Xxxxxx Mae Securities from the Trust Fund pursuant to Section 8.01 of the Trust Agreement at any time.
The Servicer shall sell and deliver GNMA Certificates, Xxxxxx Mae Securities and Xxxxxxx Mac Securities to the Certificate Purchaser on a Business Day selected by the Servicer and as more fully described in the Administrator’s Guidelines.
The Servicer and the Participant will have no responsibility to the Issuer, the Trustee, the Administrator, the Bondholders or any other person for failure to originate or deliver Mortgage Loans or GNMA Certificates, Xxxxxx Mae Securities or Xxxxxxx Mac Securities during the period of any suspension of activities authorized by this paragraph.
Any answer or objection to a motion must be filed within ten days of receipt of the motion.
The Servicer shall issue GNMA Certificates, Xxxxxx Mae Securities and Xxxxxxx Mac Securities in such amounts as it determines in its sole discretion, subject to the requirements of GNMA, Xxxxxx Mae and Xxxxxxx Mac, respectively.
Xxxxxx Xxx, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Xxxxxx Mae Securities identified in Exhibit A hereto, including all payments of principal and interest thereon received after the month of the Issue Date.
The Servicer warrants and represents that at all times during the relevant Origination Period it shall reserve MBS Agreements for the benefit of the Trustee sufficient to issue Xxxxxx Mae Securities in a timely and expeditious manner.
The Servicer shall provide to the Trustee in conjunction with each payment, a statement (HUD Form 11710-A) identifying whether such moneys are derived from regularly scheduled principal payments on Mortgage Loans, principal prepayments, interest on Mortgage Loans or other moneys with respect to the Xxxxxx Xxx Securities, the Xxxxxx Mae Securities and the Xxxxxxx Mac PCs, as applicable, and such other information as the Corporation and the Trustee may reasonably require.
Xxxxxx Xxx, acting in its capacity as Trustee, acknowledges the transfer and assignment to it of the Xxxxxx Mae Securities and hereby declares that it will hold the same in trust for the Certificateholders on the terms contained in this Trust Agreement.
This MRB Servicing Agreement shall be in full force and effect from the date hereof and shall continue in effect until the earlier to occur of the following: (i) the date on which no Xxxxxx Xxx Securities, Xxxxxx Mae Securities, or Freddie Mac PCs or Mortgage Loans are outstanding or (ii) the date on which this MRB Servicing Agreement is terminated pursuant to Section 4.02 hereof.