Common use of Early Redemption Option Clause in Contracts

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes, Class 2M-2A, Class 2M-2B and Class 2B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November March 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 1M-1 Notes, Class 2M-2A1M-2A, Class 2M-2B 1M-2B and Class 2B 1B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 February 2028 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes2M-1, Class 2M-2A, Class 2M-2B 2M-2B, Class 2M-2C and Class 2B 2B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 July 2027 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 January 2028 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 May 2027 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes2M-1, Class 2M-2A, Class 2M-2B 2M-2B, Class 2M-2C and Class 2B 2B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 February 2028 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes2M-1, Class 2M-2A, Class 2M-2B 2M-2B, Class 2M-2C and Class 2B 2B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 April 2027 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November July 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes, Class 2M-2A, Class 2M-2B and Class 2B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 June 2028 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes2M-1, Class 2M-2A, Class 2M-2B 2M-2B, Class 2M-2C and Class 2B 2B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November July 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 1M-1 Notes, Class 2M-2A1M-2A, Class 2M-2B 1M-2B and Class 2B 1B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 January 2027 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 January 2028 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November October 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 1M-1 Notes, Class 2M-2A1M-2A, Class 2M-2B 1M-2B and Class 2B 1B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 March 2027 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes2M-1, Class 2M-2A, Class 2M-2B 2M-2B, Class 2M-2C and Class 2B 2B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 January 2027 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November October 2026 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 1M-1 Notes, Class 2M-2A1M-2A, Class 2M-2B 1M-2B and Class 2B 1B Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in November 2026 April 2028 and (b) the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation of any Tranche Write- down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-1 Notes1M-1, Class 2M-2A1M-2A, Class 2M-2B 1M-2B, Class 1M-2C and Class 2B 1B-1 Notes, plus accrued and unpaid interest on such Notes and any related unpaid fees and expenses of the Global Agent. If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Mae on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.