Examples of Xxxxxx Xxx Certificates in a sentence
The 2024 Series C Bonds are authorized to finance (i) the purchase of 2024 Series C Xxxxxx Xxx Certificates backed by 2024 Series C Mortgage Loans for Eligible Borrowers purchasing Residential Housing, (ii) the purchase of Second Mortgage Loans, (iii) the purchase of 2024 Series C Governmental Mortgage Loans, and (iv) to pay the costs of issuance of the 2024 Series C Bonds.
The portion of the proceeds of the sale and delivery of the 2024 Series C Bonds deposited into the 2024 Series C subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2024 Series C Xxxxxx Xxx Certificates backed by 2024 Series C Mortgage Loans, (ii) up to 25,000,000 of 2024 Series C Governmental Mortgage Loans, and (iii) up to $5,000,000 of Second Mortgage Loans.
The par amount of such 2024 Series C Xxxxxx Xxx Certificates shall be paid from the 2024 Series C subaccount of the Acquisition Account and any accrued interest on such 2024 Series C Xxxxxx Xxx Certificates shall be paid from the 2024 Series C subaccount of the Revenue Fund.
Such 2024 Series C Xxxxxx Xxx Certificates shall be purchased on or after the Closing Date at a purchase price of par plus accrued interest thereon.