Examples of Xxxxxxx Mac Securities in a sentence
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.
The Participants acknowledge that the Issuer or Servicer may terminate any Origination Period at any time upon written notice to Participants if the Trustee, the Issuer or the Certificate Purchaser if other than the Trustee or Issuer, fails to purchase GNMA Certificates, Xxxxxxx Mac Securities or Xxxxxx Xxx Securities in accordance with the Servicing Agreement.
The Servicer and the Participant will have no responsibility to the Issuer, the Trustee, the Administrator, the Bondholders or any other person for failure to originate or deliver Mortgage Loans or GNMA Certificates, Xxxxxx Mae Securities or Xxxxxxx Mac Securities during the period of any suspension of activities authorized by this paragraph.
Any answer or objection to a motion must be filed within ten days of receipt of the motion.
The Servicer shall issue GNMA Certificates, Xxxxxx Mae Securities and Xxxxxxx Mac Securities in such amounts as it determines in its sole discretion, subject to the requirements of GNMA, Xxxxxx Mae and Xxxxxxx Mac, respectively.
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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.
The Servicer’s obligation to purchase and take delivery is subject to the availability of sufficient funds being available from the Local HFA or a trust indenture relating to an issue of Bonds to purchase GNMA Certificates or cause Xxxxxx Xxx Securities or Xxxxxxx Mac Securities to be issued.
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.
To the extent that any Series of Bonds is secured by Guaranteed Mortgage Securities, the Issuer will cause all revenues derived from GNMA Certificates, including payments from GNMA pursuant to the GNMA Guaranty, all revenues derived from Xxxxxx Xxx Securities, including payments from Xxxxxx Mae pursuant to its guarantee, and all revenues from Xxxxxxx Mac Securities, including payments from Xxxxxxx Mac pursuant to its guaranty to be deposited with the Trustee upon receipt.