Xxxxxxx Mac definition

Xxxxxxx Mac. The Federal Home Loan Mortgage Corporation, or any successor thereto.
Xxxxxxx Mac. Xxxxxxx Mac, formerly known as Federal Home Loan Mortgage Corporation, or any successor thereto.

Examples of Xxxxxxx Mac in a sentence

  • In performing its responsibilities under this Agreement, Xxxxxxx Mac may employ agents or independent contractors.

  • In such event, the legal expenses and costs of such action shall be expenses and costs of Xxxxxxx Mac.

  • Neither Xxxxxxx Mac nor any of its directors, officers, employees or agents shall be under any liability to the Holders or Beneficial Owners for any action taken, or not taken, by them in good faith under this Agreement or for errors in judgment.

  • However, Xxxxxxx Mac may in its discretion undertake any such legal action which it may deem necessary or desirable in the interests of the Holders.

  • This provision will not protect Xxxxxxx Mac or any other related person against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence or by reason of reckless disregard of obligations and duties under this Agreement.


More Definitions of Xxxxxxx Mac

Xxxxxxx Mac means Xxxxxxx Mac, or any successor thereto.
Xxxxxxx Mac. The Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Xxxxxxx Mac. A corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Xxxxxxx Mac or “FHLMC” shall mean the Federal Home Loan Mortgage Corporation.
Xxxxxxx Mac. The Federal Home Loan Mortgage Corporation, a corporation created pursuant to the Xxxxxxx Mac Act for the purpose of establishing and supporting a secondary market in residential mortgages. Unless the context requires otherwise, the term “Xxxxxxx Mac” shall be deemed to refer to Xxxxxxx Mac acting in one or more of its corporate capacities, as specified or as provided in context, and not in its capacity as Trustee.
Xxxxxxx Mac. The Federal Home Loan Mortgage Corporation, or any successor thereto. Initial Owner: Xxxxxx Brothers Bank, FSB.