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-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in 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, Class 2M-2A, Class 2M-2B, Class 2M-2C and Class 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B-1 2B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-12M-1 Notes, Class 2M-2A, Class 2M-2B, Class 2M-2C 2M-2B and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-11M-1, Class 2M-2A1M-2A, Class 2M-2B1M-2B, Class 2M-2C 1M-2C and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2A Notes, Class 1M-2B Notes, Class 1M-2C Notes and Class 2B-1 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February July 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- Write-down Amount or Tranche Write-up Amount for such Payment Date, of each of the Class 2M-11M-1, Class 2M-2A1M-2A, Class 2M-2B1M-2B, Class 2M-2C 1M-2C and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-11M-1 Notes, Class 2M-2A1M-2A, Class 2M-2B, Class 2M-2C 1M-2B and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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, Class 2M-2A, Class 2M-2B, Class 2M-2C and Class 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 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, Class 2M-2A, Class 2M-2B, Class 2M-2C and Class 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 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-11M-1, Class 2M-2A1M-2A, Class 2M-2B1M-2B, Class 2M-2C 1M-2C and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 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-11M-1, Class 2M-2A1M-2A, Class 2M-2B1M-2B, Class 2M-2C 1M-2C and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-11M-1 Notes, Class 2M-2A1M-2A, Class 2M-2B, Class 2M-2C 1M-2B and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-11M-1, Class 2M-2A1M-2A, Class 2M-2B1M-2B, Class 2M-2C 1M-2C and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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, Class 2M-2A, Class 2M-2B, Class 2M-2C and Class 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B-1 2B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-12M-1 Notes, Class 2M-2A, Class 2M-2B, Class 2M-2C 2M-2B and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx Mae may redeem the Class 2M-1 1M-1 Notes, Class 2M-2 1M-2 and Class 2B-1 1B-1 Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-11M-1, Class 2M-2A1M-2A, Class 2M-2B1M-2B, Class 2M-2C 1M-2C and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx Mae to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and

Early Redemption Option. (a) Xxxxxx Xxx may redeem the Class 2M-1 Notes, Class 2M-2 and Class 2B-1 2B Notes on any Payment Date on or after the earlier to occur of (a) the Payment Date in February 2028 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-12M-1 Notes, Class 2M-2A, Class 2M-2B, Class 2M-2C 2M-2B and Class 2B-1 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. (b) Notice of optional redemption shall be given (i) by Xxxxxx Xxx to the Global Agent not less than ten Business Days nor more than 65 calendar days prior to the Payment Date of the redemption in the manner provided in Section 10(d) of the Global Agency Agreement, and