Early Redemption Option. Xxxxxxx Mac’s right to redeem the Original Notes prior to the Maturity Date on any Payment Date on or after 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 of the Reference Obligations, by paying an amount equal to the outstanding Class Principal Balance, after allocation of the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes
Appears in 4 contracts
Samples: Global Agency Agreement, Exchange Administration Agreement, Stacr Debt Agreement
Early Redemption Option. Xxxxxxx Freddie Mac’s right to redeem the Original Notes prior to the Maturity Date on any Payment Date on or after 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 of the Reference Obligations, by paying an amount equal to the outstanding Class Principal Balance, after allocation of the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date, Balance of each Class of Original Notes, plus accrued and unpaid interest.
Appears in 2 contracts
Samples: Stacr Debt Agreement, Global Agency Agreement
Early Redemption Option. Xxxxxxx Freddie Mac’s right to redeem the Original Notes prior to the Maturity Date on any Payment Date at the earlier of: (i) on or after the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations Pool is less than or equal to 1015% of the Cut-Cut- off Date Balance Balance, or (ii) beginning in May 2026, on the Payment Date occurring in May of the Reference Obligationseach year, in each case by paying an amount equal to the outstanding Class Principal Balance, after allocation Balance of the Calculated Tranche Write-down Amount or Calculated Tranche Write-up AmountNotes, if any, for such Payment Date, of each Class of Original Notesplus accrued and unpaid interest.
Appears in 1 contract
Samples: Multifamily SCR Debt Agreement
Early Redemption Option. Xxxxxxx Mac’s Freddie Mac s right to redeem the Original Notes prior to the Maturity Date on any Payment Date on or after 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 of the Reference Obligations, by paying an amount equal to the outstanding Class Principal Balance, after allocation of the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date, Balance of each Class of Original Notes, plus accrued and unpaid interest.
Appears in 1 contract
Samples: Stacr Debt Agreement
Early Redemption Option. Xxxxxxx Freddie Mac’s right to redeem the Original Notes prior to the Maturity Date on any Payment Date on or after 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 of the Reference Obligations, by paying an amount equal to the outstanding Class Principal Balance, after allocation of the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes
Appears in 1 contract
Samples: Global Agency Agreement