Common use of Early Redemption Option Clause in Contracts

Early Redemption Option. (a) On any Payment Date on or after the Payment Date on which the aggregate unpaid balance of the Reference Obligations in Loan Group 1 is less than or equal to 10% of the Group 1 Cut-off Date Balance, Xxxxxx Xxx may, at its option, redeem the Group 1 Notes. On such Payment Date, Xxxxxx Mae shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notes, together with any related unpaid fees and expenses of the Global Agent.

Early Redemption Option. (a) On any Payment Date on or after the Payment Date on which the aggregate unpaid balance of the Reference Obligations in Loan Group 1 is less than or equal to 10% of the Group 1 Cut-off Date BalanceBalance of the Reference Obligations, Xxxxxx Xxx may, at its option, redeem the Group 1 Notes. On such Payment Date, Xxxxxx Mae Xxx shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notesinterest, together with any related unpaid fees and expenses of the Global Agent.

Early Redemption Option. (a) On any Payment Date on or after the Payment Date on which the aggregate unpaid balance of the Reference Obligations in Loan Group 1 is less than or equal to 10% of the Group 1 Cut-off Date BalanceBalance of the Reference Obligations, Xxxxxx Xxx Mae may, at its option, redeem the Group 1 Notes. On such Payment Date, Xxxxxx Mae Xxx shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notesinterest, together with any related all unpaid fees and expenses of the Global Agent.

Early Redemption Option. (a) On any Payment Date on or after the Payment Date on which the aggregate unpaid balance of the Reference Obligations in Loan Group 1 is less than or equal to 10% of the Group 1 Cut-off Date BalanceBalance of the Reference Obligations, Xxxxxx Xxx may, at its option, redeem the Group 1 Notes. On such Payment Date, Xxxxxx Mae Xxx shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notesinterest, together with any related all unpaid fees and expenses of the Global Agent.

Early Redemption Option. (a) On any Payment Date on or after the Payment Date on which the aggregate unpaid balance of the Reference Obligations in Loan Group 1 is less than or equal to 10% of the Group 1 Cut-off Date Balance, Xxxxxx Xxx Mae may, at its option, redeem the Group 1 Notes. On such Payment Date, Xxxxxx Mae Xxx shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notes, together with any related unpaid fees and expenses of the Global Agent.

Early Redemption Option. (a) On any Payment Date on or after the Payment Date on which the aggregate unpaid balance of the Reference Obligations in Loan Group 1 is less than or equal to 10% of the Group 1 Cut-off Date BalanceBalance of the Reference Obligations, Xxxxxx Xxx Mae may, at its option, redeem the Group 1 Notes. On such Payment Date, Xxxxxx Mae Xxx shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notesinterest, together with any related unpaid fees and expenses of the Global Agent.