Common use of Optional Redemption of the Notes Clause in Contracts

Optional Redemption of the Notes. Unless previously redeemed in full, the Issuer will, in accordance with Condition 6(e) (Optional Redemption), have the option to redeem the Notes (but not some only), other than the Class S Notes and the Class X Notes, on each Optional Redemption Date, at their respective Principal Amount Outstanding, subject to, in respect of the Class E Notes, Condition 9(b) (Principal).

Appears in 3 contracts

Samples: Mortgage Backed Notes Issuance Agreement, Mortgage Backed Notes Issuance Agreement, Mortgage Backed Notes Issuance Agreement

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