Common use of Early Redemption Option Clause in Contracts

Early Redemption Option. Xxxxxxx 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 Pool is less than or equal to 15% of the Cut- off Date Balance, or (ii) beginning in May 2026, on the Payment Date occurring in May of each year, in each case by paying an amount equal to the outstanding Class Principal Balance of the Notes, plus accrued and unpaid interest.

Early Redemption Option. Xxxxxxx 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 Pool is less than or equal to 15% of the Cut- off Date Balance, or (ii) beginning in May December 2026, on the Payment Date occurring in May December of each year, in each case by paying an amount equal to the outstanding Class Principal Balance of the Notes, after taking into account the allocation of the Calculated Tranche Write-down Amount, if any, applicable to the Notes on such Payment Date, plus accrued and unpaid interest.

Early Redemption Option. Xxxxxxx Mac’s right to redeem the Notes prior to the Maturity Date on (a) On any Payment Date at the earlier of: of (i) on or after the Payment Date on which the aggregate unpaid principal balance of the Reference Pool is less than or equal to 15% of the Cut- off Date Balance, or (ii) beginning in May December 2026, on the Payment Date occurring in May December of each year, in each case by paying an amount equal to Xxxxxxx Mac may, at its option, redeem the Notes. On such Payment Date, Xxxxxxx Mac shall pay 100% of the outstanding Class Principal Balance of the Notes, after taking into account the allocation of the Calculated Tranche Write-down Amount, if any, applicable to the Notes on such Payment Date, plus accrued and unpaid interest.

Early Redemption Option. Xxxxxxx 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 Reference Obligation Balance of the Reference Pool is less than or equal to 15% of the Cut- Cut-off Date Balance, or (ii) beginning in May 2026December 2027, on the Payment Date occurring in May December of each year, in each case by paying an amount equal to the outstanding Class Principal Balance of the Notes, after taking into account the allocation of the Calculated Tranche Write-down Amount, if any, applicable to the Notes on such Payment Date, plus accrued and unpaid interest.

Early Redemption Option. Xxxxxxx Mac’s right to redeem the Notes (a) On any Payment Date prior to the Maturity Date on any Payment Date at the earlier of: of (i) on or after the Payment Date on which the aggregate unpaid principal balance Reference Obligation Balance of the Reference Pool is less than or equal to 15% of the Cut- Cut-off Date Balance, or (ii) beginning in May 2026December 2027, on the Payment Date occurring in May December of each year, in each case by paying an amount equal to Xxxxxxx Mac may, at its option, redeem the Notes. On such Payment Date, Xxxxxxx Mac shall pay 100% of the outstanding Class Principal Balance of the Notes, after taking into account the allocation of the Calculated Tranche Write-down Amount, if any, applicable to the Notes on such Payment Date, plus accrued and unpaid interest.