Conditions to Payment. The obligation of Xxxxxxx Mac to pay any Transfer Amount and/or Return Reimbursement Amount and the obligation of the Trust to pay any Return Amount pursuant to Sections 2 and 3, respectively, shall be subject to the following conditions precedent: (a) receipt by the Indenture Trustee of the monthly “Reference Pool File” for the related Payment Date in accordance with the terms of the Indenture; (b) the Termination Date has not occurred as of any prior Payment Date; and (c) receipt by Xxxxxxx Mac and the Trust of a Payment Notification pursuant to Section 7.
Appears in 16 contracts
Samples: Collateral Administration Agreement, Collateral Administration Agreement, Collateral Administration Agreement
