Common use of Minimum Original Principal Amounts Clause in Contracts

Minimum Original Principal Amounts. Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry Rules and such procedures as shall be agreed upon from time to time by Xxxxxxx Mac and the Federal Reserve Banks. A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System. DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System. The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s rules and procedures, as amended from time to time. DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System. The Retail Depository shall maintain a book-entry recordkeeping system for all transactions in Retail Classes maintained on the Retail Depository System. The transfer, exchange or pledge of Retail Classes maintained on the Retail Depository System shall be governed by the Retail Depository’s rules and procedures, as amended from time to time. The Retail Depository will act only upon the instructions of a Retail Depository Participant in recording transfers of a Retail Class maintained on the Retail Depository System. A Class maintained on the DTC System or Retail Depository System will be represented by one or more Certificates held by or on behalf of DTC or the Retail Depository, as applicable, and beneficial owners of such Classes will not receive Certificates. A Certificate in certificated form may be transferred as provided in Section 5.03. A charge may be made for any transfer or exchange of any Certificate. A charge will be made for any tax or other governmental charge imposed in connection with a transfer or exchange of a Certificate. Unless otherwise provided in the related Terms Supplement, Residual Classes shall not be issued in book-entry form but shall be issued only in fully registered, certificated form in minimum original principal amounts (or minimum original notional principal amounts) of $1,000 and additional increments of $1 or, in the case of a Residual Class without an Original Principal Amount, in minimum percentages of the Residual Interest of 1%.

Minimum Original Principal Amounts. Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ ⎭ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry Rules and such procedures as shall be agreed upon from time to time by Xxxxxxx Freddie Mac and the Federal Reserve Banks. A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System. DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System. The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s rules and procedures, as amended from time to time. DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System. The Retail Depository shall maintain a book-entry recordkeeping system for all transactions in Retail Classes maintained on the Retail Depository System. The transfer, exchange or pledge of Retail Classes maintained on the Retail Depository System shall be governed by the Retail Depository’s rules and procedures, as amended from time to time. The Retail Depository will act only upon the instructions of a Retail Depository Participant in recording transfers of a Retail Class maintained on the Retail Depository System. A Class maintained on the DTC System or Retail Depository System will be represented by one or more Certificates held by or on behalf of DTC or the Retail Depository, as applicable, and beneficial owners of such Classes will not receive Certificates. A Certificate in certificated form may be transferred as provided in Section 5.03. A charge may be made for any transfer or exchange of any Certificate. A charge will be made for any tax or other governmental charge imposed in connection with a transfer or exchange of a Certificate. Unless otherwise provided in the related Terms Supplement, Residual Classes shall not be issued in book-entry form but shall be issued only in fully registered, certificated form in minimum original principal amounts (or minimum original notional principal amounts) of $1,000 and additional increments of $1 or, in the case of a Residual Class without an Original Principal Amount, in minimum percentages of the Residual Interest of 1%.

Minimum Original Principal Amounts. Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes shall be issued and must be maintained and transferred on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) ........................................... $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap E Principal Only Inverse Floating Rate Shifting Payment Percentage Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ Other F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Sticky Jump Structured Formula Toggle H Other............................................................. 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator Xxxxxxx Mac in non-certificated form on the books and records of the AdministratorXxxxxxx Mac. If at At any time Xxxxxxx Mac holds any Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50S0% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator Xxxxxxx Mac shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator Xxxxxxx Mac of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator Xxxxxxx Mac shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry Kntry Rules and such procedures as shall be agreed upon from time to time by Xxxxxxx Mac and the Federal Reserve Banks. A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System. DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System. The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s 's rules and procedures, as amended from time to time. DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System. The Retail Depository shall maintain a book-entry recordkeeping system for all transactions in Retail Classes maintained on the Retail Depository System. The transfer, exchange or pledge of Retail Classes maintained on the Retail Depository System shall be governed by the Retail Depository’s 's rules and procedures, as amended from time to time. The Retail Depository will act only upon the instructions of a Retail Depository Participant in recording transfers of a Retail Class maintained on the Retail Depository System. A Class maintained on the DTC System or Retail Depository System will be represented by one or more Certificates held by or on behalf of DTC or the Retail Depository, as applicable, and beneficial owners of such Classes will not receive Certificates. A Certificate in certificated form may be transferred as provided in Section 5.03S.03. A charge may be made for any transfer or exchange of any Certificate. A charge will be made for any tax or other governmental charge imposed in connection with a transfer or exchange of a Certificate. Unless otherwise provided in the related Terms Supplement, Residual Classes shall not be issued in book-entry form but shall be issued only in fully registered, certificated form in minimum original principal amounts (or minimum original notional principal amounts) of $1,000 and additional increments of $1 or, in the case of a Residual Class without an Original Principal Amount, in minimum percentages of the Residual Interest of 1%.

Minimum Original Principal Amounts. Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ ⎭ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry Rules and such procedures as shall be agreed upon from time to time by Xxxxxxx Mac and the Federal Reserve Banks. A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System. DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System. The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s rules and procedures, as amended from time to time. DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System. The Retail Depository shall maintain a book-entry recordkeeping system for all transactions in Retail Classes maintained on the Retail Depository System. The transfer, exchange or pledge of Retail Classes maintained on the Retail Depository System shall be governed by the Retail Depository’s rules and procedures, as amended from time to time. The Retail Depository will act only upon the instructions of a Retail Depository Participant in recording transfers of a Retail Class maintained on the Retail Depository System. A Class maintained on the DTC System or Retail Depository System will be represented by one or more Certificates held by or on behalf of DTC or the Retail Depository, as applicable, and beneficial owners of such Classes will not receive Certificates. A Certificate in certificated form may be transferred as provided in Section 5.03. A charge may be made for any transfer or exchange of any Certificate. A charge will be made for any tax or other governmental charge imposed in connection with a transfer or exchange of a Certificate. Unless otherwise provided in the related Terms Supplement, Residual Classes shall not be issued in book-entry form but shall be issued only in fully registered, certificated form in minimum original principal amounts (or minimum original notional principal amounts) of $1,000 and additional increments of $1 or, in the case of a Residual Class without an Original Principal Amount, in minimum percentages of the Residual Interest of 1%.

Minimum Original Principal Amounts. Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ ⎪⎭ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry Rules and such procedures as shall be agreed upon from time to time by Xxxxxxx Freddie Mac and the Federal Reserve Banks. A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System. DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System. The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s rules and procedures, as amended from time to time. DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System. The Retail Depository shall maintain a book-entry recordkeeping system for all transactions in Retail Classes maintained on the Retail Depository System. The transfer, exchange or pledge of Retail Classes maintained on the Retail Depository System shall be governed by the Retail Depository’s rules and procedures, as amended from time to time. The Retail Depository will act only upon the instructions of a Retail Depository Participant in recording transfers of a Retail Class maintained on the Retail Depository System. A Class maintained on the DTC System or Retail Depository System will be represented by one or more Certificates held by or on behalf of DTC or the Retail Depository, as applicable, and beneficial owners of such Classes will not receive Certificates. A Certificate in certificated form may be transferred as provided in Section 5.03. A charge may be made for any transfer or exchange of any Certificate. A charge will be made for any tax or other governmental charge imposed in connection with a transfer or exchange of a Certificate. Unless otherwise provided in the related Terms Supplement, Residual Classes shall not be issued in book-entry form but shall be issued only in fully registered, certificated form in minimum original principal amounts (or minimum original notional principal amounts) of $1,000 and additional increments of $1 or, in the case of a Residual Class without an Original Principal Amount, in minimum percentages of the Residual Interest of 1%.

Minimum Original Principal Amounts. Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ ⎪⎭ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry Rules and such procedures as shall be agreed upon from time to time by Xxxxxxx Mac and the Federal Reserve Banks. A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System. DTC shall maintain a book-entry recordkeeping system for all transactions in Certificates maintained on the DTC System. The transfer, exchange or pledge of Certificates maintained on the DTC System shall be governed by DTC’s rules and procedures, as amended from time to time. DTC will act only upon the instructions of a DTC Participant in recording transfers of a Certificate maintained on the DTC System. The Retail Depository shall maintain a book-entry recordkeeping system for all transactions in Retail Classes maintained on the Retail Depository System. The transfer, exchange or pledge of Retail Classes maintained on the Retail Depository System shall be governed by the Retail Depository’s rules and procedures, as amended from time to time. The Retail Depository will act only upon the instructions of a Retail Depository Participant in recording transfers of a Retail Class maintained on the Retail Depository System. A Class maintained on the DTC System or Retail Depository System will be represented by one or more Certificates held by or on behalf of DTC or the Retail Depository, as applicable, and beneficial owners of such Classes will not receive Certificates. A Certificate in certificated form may be transferred as provided in Section 5.03. A charge may be made for any transfer or exchange of any Certificate. A charge will be made for any tax or other governmental charge imposed in connection with a transfer or exchange of a Certificate. Unless otherwise provided in the related Terms Supplement, Residual Classes shall not be issued in book-entry form but shall be issued only in fully registered, certificated form in minimum original principal amounts (or minimum original notional principal amounts) of $1,000 and additional increments of $1 or, in the case of a Residual Class without an Original Principal Amount, in minimum percentages of the Residual Interest of 1%.