Xxxxxx Xxx Certificate definition

Xxxxxx Xxx Certificate means, with respect to a Program, a guaranteed mortgage pass-through Xxxxxx Mae Mortgage-Backed Security, issued by Xxxxxx Xxx in book-entry form, transferred to the account of the Trustee or its nominee (or any successor or transferee), guaranteed as to timely payment of principal and interest by Xxxxxx Mae and backed by conventional or government insured or government guaranteed Mortgage Loans in the related Xxxxxx Xxx Pool.
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Xxxxxx Xxx Certificate means a single pool, guaranteed mortgage pass-through Xxxxxx Mae Mortgage Backed Security, issued by Xxxxxx Xxx in book-entry form, the full and timely payment of principal of and interest on which is guaranteed by Xxxxxx Mae, which evidences a proportional undivided interest in a Pool of Conventional Mortgage Loans, all of which loans provide for monthly payments of principal and interest in substantially equal installments for the contractual term of such loan and are amortizing over the original term to maturity.
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Xxxxxx Xxx Certificate means a certificate guaranteed by Xxxxxx Mae.
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Examples of Xxxxxx Xxx Certificate in a sentence

  • The 2018BB Second Mortgage Loans and the Mortgage Loans backing each Xxxxxx Xxx Certificate purchased with moneys in the Series 2018BB subaccount of the Acquisition Account shall meet the requirements of Section 6.7 of the Master Indenture and comply with the tax covenant of Section 6.5 hereof, provided, however, that no mortgage insurance or guaranty is required for any Second Mortgage Loan financed with proceeds of the Series 2018BB Bonds.

  • With respect to the Class FB, Class FC and Class FD Certificates and each subsequent applicable Interest Accrual Period, the LIBOR being used by Xxxxxx Mae for the Pooled Xxxxxx Xxx Certificate as ascertained by the Trustee on the applicable LIBOR Determination Date.

  • With respect to the Class FA Certificates and each subsequent applicable Interest Accrual Period, the LIBOR being used by Xxxxxx Mae for the Pooled Xxxxxx Xxx Certificate as ascertained by the Trustee on the applicable LIBOR Determination Date.


More Definitions of Xxxxxx Xxx Certificate

Xxxxxx Xxx Certificate means a single pool, guaranteed mortgage pass-through Xxxxxx Mae Mortgage-backed Security, providing for the final regularly scheduled pass-through payment thereunder to be made not later than the date specified by the Authority pursuant to the applicable Program Notice, bearing interest at the applicable Pass-Through Rate, issued by Xxxxxx Xxx in book entry form, recorded in the name of Trustee or its nominee, guaranteed as to timely payment of principal and interest by Xxxxxx Mae and backed by Conventional Mortgage Loans in the related Mortgage Pool, with a latest loan maturity date not later than the date specified by the Authority pursuant to the applicable Program Notice.
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Xxxxxx Xxx Certificate means a certificate purchased by the Trustee, issued by the Commission and guaranteed by Xxxxxx Xxx pursuant to its Xxxxxx Xxx I or Xxxxxx Xxx XX mortgage-backed securities program under Section 306(9) and other related provisions of the National Housing Act of 1934, as amended, and based upon and backed by Mortgage Loans referred to in the Xxxxxx Xxx Certificate, which certificate shall unconditionally obligate the Commission to remit monthly to the holder thereof its pro rata share of (x) principal payments and prepayments made in respect of the Pool of Mortgage Loans represented by the Xxxxxx Xxx Certificate and (y) interest received in an amount equal to the Xxxxxx Xxx Pass-Through Rate. Xxxxxx Xxx shall guarantee to the holder of each Xxxxxx Xxx Certificate such holder’s pro rata share of (i) the timely payment of interest at the applicable Pass-Through Rate on the unpaid principal balance of the Mortgage Loans represented by the Xxxxxx Xxx Certificate and (ii) the timely payment of principal in accordance with the terms of the principal amortization schedule applicable to the Mortgage Loans represented by such Xxxxxx Xxx Certificate. If Xxxxxx Xxx so requires pursuant to its book entry system, in lieu of the aforesaid certificate, the confirmation of Xxxxxx Xxx’s guaranty obligation shall be transmitted to the Trustee or its designee electronically.
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Related to Xxxxxx Xxx Certificate

  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

  • Sxxxxxxx-Xxxxx Certification As defined in Section 11.09.

  • Tax Certificate means the Tax Certificate and Agreement, dated the Closing Date, executed and delivered by the Governmental Lender and the Borrower.

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • Class X Certificate Any one of the Certificates with a "Class X" designation on the face thereof, substantially in the form of Exhibit A-1, and evidencing a "regular interest" in REMIC II for purposes of the REMIC Provisions.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-2C Certificate Any Certificate designated as a "Class A-2C Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Class A-1A Certificate means any one of the Certificates with a "Class A-1A" designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-2B Certificate Any Certificate designated as a "Class A-2B Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Class A-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-5 and Exhibit C hereto. Class A-5 Certificateholder: The registered holder of a Class A-5 Certificate.

  • Xxxxx XX The segregated pool of assets consisting of all of the REMIC I Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the REMIC II Regular Interests and the Holders of the Class R (as holders of the Class R-II Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • X.X. Xxxxxx shall have the meaning set forth in the preamble.

  • Sxxxxxxx-Xxxxx means the Sxxxxxxx-Xxxxx Act of 2002.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Xxxxxx Xxx The Federal National Mortgage Association or any successor thereto.

  • Xxxxxx Xxxx “Xxx Xxxxxxx”

  • Xxxxxxx Xxxx Xxxx Xxxxx”