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’s obligation to Purchase and take delivery is subject to the availability of sufficient funds to purchase GNMA Certificates or cause Xxxxxx Mae Securities or Xxxxxxx Mac Securities to be issued in accordance with the provisions hereof or of a Series Indenture.
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 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.
Prior to an Event of Default, from time to time, the Seller, as an approved Issuer of Xxxxxx Xxx Securities, may agree to issue Xxxxxx Mae Securities backed by certain of the Purchased Mortgage Loans or, as an approved Xxxxxx Xxx Seller or Xxxxxxx Mac Seller, may agree to sell Purchased Mortgage Loans to Xxxxxx Xxx or Xxxxxxx Mac, as applicable, in exchange for Xxxxxx Mae Securities or Xxxxxxx Mac Securities, as applicable.
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.
I certify that the above-mentioned individual has been duty registered with this employment agency.
This Agreement shall be in full force and effect from the date hereof and shall continue in effect so long as any applicable issue of Bonds by the Local HFA, GNMA Certificates, Xxxxxxx Mac Securities or Xxxxxx Mae Securities collateralized by Mortgage Loans are outstanding or GNMA, Xxxxxxx Mac or Xxxxxx Mac shall own any Mortgage Loans made hereunder, whichever is later.
Prior to an Event of Default, from time to time, the Seller, as an approved Issuer of Xxxxxx Xxx Securities, may issue Xxxxxx Mae Securities backed by certain of the Purchased Mortgage Loans or, as an approved Xxxxxx Xxx Seller or Xxxxxxx Mac Seller, may sell Purchased Mortgage Loans to Xxxxxx Xxx or Xxxxxxx Mac, as applicable, in exchange for Xxxxxx Mae Securities or Xxxxxxx Xxx Securities, as applicable.
The Agent may enter into such agreements as may be necessary or appropriate in the reasonable judgment of the Agent in order to effectuate the issuance, maintenance and transfer of such Xxxxxx Mae Securities or Xxxxxxx Mac Securities under such book-entry system or program.