Examples of Xxxxxx Xxx Securities in a sentence
Xxxxxx Mae, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, 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 Xxx Securities identified in Exhibit A hereto, including all payments of principal and interest thereon received after the month of the Issue Date.
Lessor may require, at Lessee's sole cost and expense, a lien release and completion bond in an amount equal to either the actual contract price or one and one-half times the estimated cost of any improvements, additions or alterations in the Premises which Lessee desires to make, to insure Lessor against any liability for lien and to insure completion of the work.
This Agreement shall be in full force and effect from the date of execution and delivery hereof by the parties hereto and shall, with respect to each Series of Bonds, continue in effect so long as any Bonds are outstanding or, prior to the issuance of any Bonds, so long as the Servicer shall own any Mortgage Loans purchased hereunder, or any Mortgage Loans purchased hereunder continue to back GNMA Certificates, Xxxxxx Xxx Securities, or Xxxxxxx Mac Securities, whichever is latest.
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.
The Lenders acknowledge that the Servicer with respect to a Program may terminate the Origination Period for such Program at any time upon written notice to Lenders if the trustee for an issue of Bonds or the Local HFA, if a Program is not related to an issue of Bonds, fails to purchase GNMA Certificates, Xxxxxxx Mac Securities or Xxxxxx Xxx Securities in accordance with the related Program due to insufficient funds being available for such purchase.