Common use of Early Redemption Option Clause in Contracts

Early Redemption Option. Freddie Mac’s right to redeem the 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 of each Class of Notes, plus accrued and unpaid interest.

Appears in 2 contracts

Samples: Stacr Debt Agreement, Stacr Debt Agreement

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Early Redemption Option. Freddie Mac’s right to redeem the Notes prior to the Maturity Date on (a) 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 Freddie Mac may, at its option, redeem the Notes. On such Payment Date, Freddie Mac shall pay 100% of the outstanding Class Principal Balance of each Class of Notes, plus accrued and unpaid interest.

Appears in 2 contracts

Samples: Stacr Debt Agreement, Stacr Debt Agreement

Early Redemption Option. Freddie Xxxxxxx Mac’s right to redeem the 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 of each Class of Notes, plus accrued and unpaid interest.

Appears in 2 contracts

Samples: Stacr Debt Agreement, Stacr Debt Agreement

Early Redemption Option. Freddie Mac’s Mac s right to redeem the 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 of each Class of Notes, plus accrued and unpaid interest.

Appears in 1 contract

Samples: Stacr Debt Agreement

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Early Redemption Option. Freddie Mac’s right to redeem the 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 of each Class of the Notes, plus accrued and unpaid interest.

Appears in 1 contract

Samples: Multifamily SCR Debt Agreement

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