Xxxxxx Xxx Certificates definition

Xxxxxx Xxx Certificates means the Xxxxxx Xxx Certificates purchased by the Trustee backed by 2024 Series A Mortgage Loans.
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Xxxxxx Xxx Certificates. The “fully modified pass-through” mortgage backed securities guaranteed as to timely payment of principal and interest by the Government National Mortgage Association included in the Lower Tier REMIC and identified in the Mortgage Security Schedule.
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Xxxxxx Xxx Certificates means the Xxxxxx Xxx Certificates purchased by the Trustee backed by 2017 Series A Mortgage Loans or backed by 2017 Series B Mortgage Loans described in the second clause of the definition thereof.
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Examples of Xxxxxx Xxx Certificates in a sentence

  • The portion of the proceeds of the sale and delivery of the 2023 Series Q Bonds deposited into the 2023 Series Q subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2023 Series Q Xxxxxx Xxx Certificates backed by 2023 Series Q Mortgage Loans, (ii) up to $20,000,000 of 2023 Series Q Governmental Mortgage Loans, and (iii) up to $5,600,000 of Second Mortgage Loans.

  • The par amount of such 2023 Series Q Xxxxxx Xxx Certificates shall be paid from the 2023 Series Q subaccount of the Acquisition Account and any accrued interest on such 2023 Series Q Xxxxxx Xxx Certificates shall be paid from the 2023 Series Q subaccount of the Revenue Fund.

  • The 2023 Series Q Bonds are authorized to finance (i) the purchase of 2023 Series Q Xxxxxx Xxx Certificates backed by 2023 Series Q Mortgage Loans for Eligible Borrowers purchasing Residential Housing, (ii) the purchase of Second Mortgage Loans, (iii) the purchase of 2023 Series Q Governmental Mortgage Loans, and (iv) to pay the costs of issuance of the 2023 Series Q Bonds.

  • Such 2023 Series Q Xxxxxx Xxx Certificates shall be purchased on or after the Closing Date at a purchase price of par plus accrued interest thereon.


More Definitions of Xxxxxx Xxx Certificates

Xxxxxx Xxx Certificates means guaranteed mortgage pass-through certificates issued by Xxxxxx Mae either in certified or book-entry form.
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