Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 71 contracts
Sources: Trust Agreement, Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 64 contracts
Sources: Trust Agreement, Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate ClassCertificate. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 11 contracts
Sources: Trust Agreement, Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ the Trustee or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ the Trustee such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae the Trustee that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute the Issuer and the Trustee will execute, and the Certificate Registrar shall will authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.036.03, ▇▇▇▇▇▇ Mae the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall 6.03 will constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the related Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be is found at any time.
Appears in 4 contracts
Sources: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate ClassCertificate. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 3 contracts
Sources: Trust Agreement, Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC, the Middle Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 2 contracts
Sources: Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ the Trustee or the Certificate Registrar, Registrar or (ii) ▇▇▇▇▇▇ Mae the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ the Trustee such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae the Trustee that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ the Trustee shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.033.05, ▇▇▇▇▇▇ Mae the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 3.05 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, Fund as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 2 contracts
Sources: Trust Agreement (Farmer Mac Mortgage Securities Corp), Trust Agreement (Farmer Mac Mortgage Securities Corp)
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC I, Lower Tier REMIC II or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 2 contracts
Sources: Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 2 contracts
Sources: Trust Agreement, Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC Trust Fund, the Middle Tier Trust Fund or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.036.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 6.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the related Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Upper Tier REMIC I, REMIC II or Lower Tier REMIC or the Trust FundII, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust FundUpper Tier Trust, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier Base REMIC or the Trust FundUpper Tier REMIC, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier related Trust REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Upper Tier REMIC I, REMIC II or Lower Tier REMIC or the Trust FundI, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the related Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC, REMIC Trust 1 or the REMIC Trust Fund2, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC Trust Fund, Middle Tier Trust Fund or the Upper Tier Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate Class. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier related REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement
Mutilated, Destroyed, Lost or Stolen Residual Certificates. If (i) any mutilated Residual Certificate is surrendered to ▇▇▇▇▇▇ ▇▇▇ Mae or the Certificate Registrar, or (ii) ▇▇▇▇▇▇ Mae ▇▇▇ receives evidence to its satisfaction of the destruction, loss or theft of any Residual Certificate, and there is delivered to ▇▇▇▇▇▇ ▇▇▇ Mae such security or indemnity as may be required by it to save it harmless, then, in the absence of notice to ▇▇▇▇▇▇ Mae ▇▇▇ that such Residual Certificate has been acquired by a bona fide purchaser, ▇▇▇▇▇▇ ▇▇▇ Mae shall execute and the Certificate Registrar shall authenticate and make available, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Residual Certificate, a new Residual Certificate of the appropriate ClassCertificate. Upon the issuance of any new Residual Certificate under this Section 5.03, ▇▇▇▇▇▇ Mae ▇▇▇ may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any duplicate Residual Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership in the Lower Tier REMIC or the Trust Fund, as the case may be, as if originally issued, whether or not the lost or stolen Residual Certificate shall be found at any time.
Appears in 1 contract
Sources: Trust Agreement