Pass-Through of Interest. Xxxxxxx Mac will pass through to each Holder its pro rata share of the interest paid by borrowers with respect to each Mortgage at a rate equal to the PC Coupon (excluding, if applicable, each Holder's pro rata share of any Deferred Interest that has been added to the principal balance of the related Mortgages).Interest will accrue during the applicable Accrual Periods. Xxxxxxx Mac may retain from any payment of delinquent interest on any Mortgage any amount not previously received by Xxxxxxx Mac but paid to Holders under its guarantees. A partial month's interest retained by Xxxxxxx Mac or remitted to each Holder with respect to prepayments will constitute an adjustment to Xxxxxxx Mac's management and guarantee fee.
Pass-Through of Interest. Freddie Mac will pass through to each Holder its pro rata share of the interest paid by borrowers with respect to each Mortgage at a rate equal to the PC Coupon (excluding, if applicable, each Holder's pro rata share of any Deferred Interest that has been added to the principal balance of the related Mortgages).Interest will accrue during the applicable Accrual Periods. Freddie Mac may retain from any payment of delinquent interest on any Mortgage any amount not previously received by Freddie Mac but paid to Holders under its guarantees. A partial month's interest retained by Freddie Mac or remitted to each Holder with respect to prepayments will constitute an adjustment to Freddie Mac's management and guarantee fee.
Pass-Through of Interest. Xxxxxxx Xxx will pass through to each Holder its pro rata share of the interest paid by borrowers with respect to each Mortgage at a rate equal to the PC Coupon. Interest will accrue during the applicable Accrual Periods and be determined as provided in the applicable Supplement. Xxxxxxx Xxx may retain from any delinquent interest payment on a Mortgage any amounts of interest not previously received by Xxxxxxx Xxx but paid to Holders under its guarantees. A partial month's interest retained by Xxxxxxx Xxx or remitted to each Holder with respect to prepayments will constitute an adjustment to its management and guarantee fee.
Pass-Through of Interest. Xxxxxxx Mac will pass through to each Holder its pro rata share of the interest paid by borrowers with respect to each Mortgage at a rate equal to the PC Coupon. Interest will accrue during the applicable Accrual Periods and be determined as provided in the applicable Supplement. Xxxxxxx Mac may retain from any delinquent interest payment on a Mortgage any amounts of interest not previously received by Xxxxxxx Mac but paid to Holders under its guarantees. A partial month's interest retained by Xxxxxxx Mac or remitted to each Holder with respect to prepayments will constitute an adjustment to its management and guarantee fee.
