Common use of Disposition of Tendered Class A Certificates and Class Clause in Contracts

Disposition of Tendered Class A Certificates and Class. A Certificates Subject to Mandatory Tender. (i) Concurrently with the payment of the Purchase Price for Available Remarketing Class A Certificates on any Purchase Date, Mandatory Tender Date or Optional Disposition Date (or the payment of the Purchase Price for Class A Certificates subject to Mandatory Tender as a result of a Special Adjustment Event), the Administrator will (A) to the extent that the Remarketing Agent deposited with the Administrator remarketing proceeds in the amount of such Purchase Price pursuant to Section 6.06(a)(i), deliver to the Remarketing Agent (for redelivery to the purchasers of such Class A Certificates) the Class A Certificates with respect to which the Remarketing Agent deposited with the Administrator the Purchase Price and (B) to the extent Xxxxxxx Mac pursuant to the Liquidity Facility deposited with the Administrator the amount of any Purchase Price with respect to any such Class A Certificates, deliver such Class A Certificates to the Pledge Custodian for the benefit of Xxxxxxx Mac, or in the case of Class A Certificates subject to Mandatory Tender related to a Special Adjustment Event, to the extent the Pledge Custodian deposited with the Administrator, the amount of any Purchase Price with respect to any such Class A Certificates corresponding to any principal payment and liquidation proceeds received with respect to a related Series Pool in accordance with Section 7.02 hereof, deliver such Class A Certificates to the Pledge Custodian, for the benefit of Xxxxxxx Mac. In the case of a delivery described by clause (A) above, the Administrator will deliver such Class A Certificates to the Remarketing Agent registered in such name and to such address as the Remarketing Agent directs in writing. In the case of a delivery described by clause (B) above, the Administrator will deliver such Class A Certificates to the Pledge Custodian registered in such name, and to such address, as Xxxxxxx Mac directs in writing, and the Administrator and the Certificate Registrar will note the pledge of such Class A Certificates to the Pledge Custodian on behalf of Xxxxxxx Mac on the books and records of the Administrator and the Certificate Registrar, and the Administrator will send confirmation of such delivery to Xxxxxxx Mac. Any Class A Certificates delivered to the Pledge Custodian as described in the preceding sentence will be Pledged Class A Certificates subject to Section 4.06. Following such registration, Xxxxxxx Mac will be entitled to receive payments on the Pledged Class A Certificates in accordance with its interest.

Disposition of Tendered Class A Certificates and Class. A Certificates Subject to Mandatory Tender. (i) Concurrently with the payment of the Purchase Price for Available Remarketing Class A Certificates on any Purchase Date, Mandatory Tender Date or Optional Disposition Date (or the payment of the Purchase Price for Class A Certificates subject to Mandatory Tender as a result of a Special Adjustment Event)Date, the Administrator will (A) to the extent that the Remarketing Agent deposited with the Administrator remarketing proceeds in the amount of such Purchase Price pursuant to Section 6.06(a)(i), deliver to the Remarketing Agent (for redelivery to the purchasers of such Class A Certificates) the Class A Certificates with respect to which the Remarketing Agent deposited with the Administrator the Purchase Price and (B) to the extent Xxxxxxx Mac pursuant to the Liquidity Facility deposited with the Administrator the amount of any Purchase Price with respect to any such Class A Certificates, deliver such Class A Certificates to the Pledge Custodian for the benefit of Xxxxxxx MacAdministrator, or in the case of Class A Certificates subject to Mandatory Tender related to a Special Adjustment Event, to the extent the Pledge Custodian or the Sponsor deposited with the Administrator, the amount of any Purchase Price with respect to any such Class A Certificates corresponding to any principal payment and liquidation proceeds received with respect to a related Series Pool in accordance with Section 7.02 hereofCertificates, deliver such Class A Certificates to the Pledge Custodian, for the benefit of Xxxxxxx Mac, such Class A Certificates with respect to which Xxxxxxx Mac, the Pledge Custodian or the Sponsor, as applicable, deposited with the Administrator such Purchase Price. In the case of a delivery described by clause (A) above, the Administrator will deliver such Class A Certificates to the Remarketing Agent registered in such name and to such address as the Remarketing Agent directs in writing. In the case of a delivery described by clause (B) above, the Administrator will deliver such Class A Certificates to the Pledge Custodian registered in such name, and to such address, as Xxxxxxx Mac directs in writing, and the Administrator and the Certificate Registrar will note the pledge of such Class A Certificates to the Pledge Custodian on behalf of Xxxxxxx Mac on the books and records of the Administrator and the Certificate Registrar, and the Administrator will send confirmation of such delivery to Xxxxxxx Mac. Any Class A Certificates delivered to the Pledge Custodian as described in the preceding sentence will be Pledged Class A Certificates subject to Section 4.06. Following such registration, Xxxxxxx Mac will be entitled to receive payments on the Pledged Class A Certificates in accordance with its interest.to

Disposition of Tendered Class A Certificates and Class. A Certificates Subject to Mandatory Tender. (i) Concurrently with the payment of the Purchase Price for Available Remarketing Class A Certificates on any Purchase Date, Mandatory Tender Date or Optional Disposition Date (or the payment of the Purchase Price for Class A Certificates subject to Mandatory Tender as a result of a Special Adjustment Event)Date, the Administrator will (A) to the extent that the Remarketing Agent deposited with the Administrator remarketing proceeds in the amount of such Purchase Price pursuant to Section 6.06(a)(i), deliver to the Remarketing Agent (for redelivery to the purchasers of such Class A Certificates) the Class A Certificates with respect to which the Remarketing Agent deposited with the Administrator the Purchase Price and Price, (B) to the extent Xxxxxxx Fxxxxxx Mac pursuant to the Liquidity Facility deposited with the Administrator the amount of any Purchase Price with respect to any such Class A Certificates, deliver such Class A Certificates to the Pledge Custodian for the benefit of Xxxxxxx MacAdministrator, or in the case of Class A Certificates subject to Mandatory Tender related to a Special Adjustment Event, to the extent the Pledge Custodian or the Sponsor deposited with the Administrator, the amount of any Purchase Price with respect to any such Class A Certificates corresponding to any principal payment and liquidation proceeds received with respect to a related Series Pool in accordance with Section 7.02 hereofCertificates, deliver such Class A Certificates to the Pledge Custodian, for the benefit of Xxxxxxx Fxxxxxx Mac, such Class A Certificates with respect to which Fxxxxxx Mac, the Pledge Custodian or the Sponsor, as applicable, deposited with the Administrator such Purchase Price, and (C) to the extent Fxxxxxx Mac deposited with the Administrator the Purchase Price for the Class A Certificates pursuant to Section 4.11(d) and 6.06(a)(vi), such Class A Certificates shall be cancelled as set forth in Section 13.03. In the case of a delivery described by clause (A) above, the Administrator will deliver such Class A Certificates to the Remarketing Agent registered in such name and to such address as the Remarketing Agent directs in writing. In the case of a delivery described by clause (B) above, the Administrator will deliver such Class A Certificates to the Pledge Custodian registered in such name, and to such address, as Xxxxxxx Fxxxxxx Mac directs in writing, and the Administrator and the Certificate Registrar will note the pledge of such Class A Certificates to the Pledge Custodian on behalf of Xxxxxxx Fxxxxxx Mac on the books and records of the Administrator and the Certificate Registrar, and the Administrator will send confirmation of such delivery to Xxxxxxx Fxxxxxx Mac. Any Class A Certificates delivered to the Pledge Custodian as described in the preceding sentence will be Pledged Class A Certificates subject to Section 4.06. Following such registration, Xxxxxxx Fxxxxxx Mac will be entitled to receive payments on the Pledged Class A Certificates in accordance with its interest.

Disposition of Tendered Class A Certificates and Class. A Certificates Subject to Mandatory Tender. (i) Concurrently with the payment of the Purchase Price for Available Remarketing Class A Certificates on any Purchase Date, Mandatory Tender Date or Optional Disposition Date (or the payment of the Purchase Price for Class A Certificates subject to Mandatory Tender as a result of a Special Adjustment Event)Date, the Administrator will (A) to the extent that the Remarketing Agent deposited with the Administrator remarketing proceeds in the amount of such Purchase Price pursuant to Section 6.06(a)(i), deliver to the Remarketing Agent (for redelivery to the purchasers of such Class A Certificates) the Class A Certificates with respect to which the Remarketing Agent deposited with the Administrator the Purchase Price and (B) to the extent Xxxxxxx Mac pursuant to the Liquidity Facility deposited with the Administrator the amount of any Purchase Price with respect to any such Class A Certificates, deliver such Class A Certificates to the Pledge Custodian for the benefit of Xxxxxxx MacAdministrator, or in the case of Class A Certificates subject to Mandatory Tender related to a Special Adjustment Event, to the extent the Pledge Custodian or the Sponsor deposited with the Administrator, the amount of any Purchase Price with respect to any such Class A Certificates corresponding to any principal payment and liquidation proceeds received with respect to a related Series Pool in accordance with Section 7.02 hereofCertificates, deliver such Class A Certificates to the Pledge Custodian, for the benefit of Xxxxxxx Mac, such Class A Certificates with respect to which Xxxxxxx Mac, the Pledge Custodian or the Sponsor, as applicable, deposited with the Administrator such Purchase Price. In the case of a delivery described by clause (A) above, the Administrator will deliver such Class A Certificates to the Remarketing Agent registered in such name and to such address as the Remarketing Agent directs in writing. In the case of a delivery described by clause (B) above, the Administrator will deliver such Class A Certificates to the Pledge Custodian registered in such name, and to such address, as Xxxxxxx Mac directs in writing, and the Administrator and the Certificate Registrar will note the pledge of such Class A Certificates to the Pledge Custodian on behalf of Xxxxxxx Mac on the books and records of the Administrator and the Certificate Registrar, and the Administrator will send confirmation of such delivery to Xxxxxxx Mac. Any Class A Certificates delivered to the Pledge Custodian as described in the preceding sentence will be Pledged Class A Certificates subject to Section 4.06. Following such registration, Xxxxxxx Mac will be entitled to receive payments on the Pledged Class A Certificates in accordance with its interest.

Disposition of Tendered Class A Certificates and Class. A Certificates Subject to Mandatory Tender. (i) Concurrently with the payment of the Purchase Price for Available Remarketing Class A Certificates on any Purchase Date, Mandatory Tender Date or Optional Disposition Date (or the payment of the Purchase Price for Class A Certificates subject to Mandatory Tender as a result of a Special Adjustment Event), the Administrator will (A) to the extent that the Remarketing Agent deposited with the Administrator remarketing proceeds in the amount of such Purchase Price pursuant to Section 6.06(a)(i), deliver to the Remarketing Agent (for redelivery to the purchasers of such Class A Certificates) the Class A Certificates with respect to which the Remarketing Agent deposited with the Administrator the Purchase Price and (B) to the extent Xxxxxxx Mac pursuant to the Liquidity Facility deposited with the Administrator the amount of any Purchase Price with respect to any such Class A Certificates, deliver such Class A Certificates to the Pledge Custodian for the benefit of Xxxxxxx Mac, or in the case of Class A Certificates subject to Mandatory Tender related to a Special Adjustment Event, to the extent the Pledge Custodian deposited with the Administrator, the amount of any Purchase Price with respect to any such Class A Certificates corresponding to any principal payment and liquidation proceeds received with respect to a related Series Pool in accordance with Section 7.02 hereof, deliver such Class A Certificates to the Pledge Custodian, for the benefit of Xxxxxxx Mac. In the case of a delivery described by clause (A) above, the Administrator will deliver such Class A Certificates to the Remarketing Agent registered in such name and to such address as the Remarketing Agent directs in writing. In the case of a delivery described by clause (B) above, the Administrator will deliver such Class A Certificates to the Pledge Custodian registered in such name, and to such address, as Xxxxxxx Mac directs in writing, and the Administrator and the Certificate Registrar will note the pledge of such Class A Certificates to the Pledge Custodian on behalf of Xxxxxxx Mac on the books and records of the Administrator and the Certificate Registrar, and the Administrator will send confirmation of such delivery to Xxxxxxx Mac. Any Class A Certificates delivered to the Pledge Custodian as described in the preceding sentence will be Pledged Class A Certificates subject to Section 4.06. Following such registration, Xxxxxxx Mac will be entitled to receive payments on the Pledged Class A Certificates in accordance with its interest.