Payments Due from the Trust. Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Freddie Mac, by deposit into an account designated by Freddie Mac, the applicable Return Amount on such Payment Date. The payment obligation of the Trust to pay the Return Amount under this Agreement shall be limited to amounts on deposit in the Custodian Account.
Appears in 33 contracts
Samples: Collateral Administration Agreement, Collateral Administration Agreement, Collateral Administration Agreement
Payments Due from the Trust. Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Freddie Xxxxxxx Mac, by deposit into an account designated by Freddie Xxxxxxx Mac, the applicable Return Amount on such Payment Date. The payment obligation of the Trust to pay the Return Amount under this Agreement shall be limited to amounts on deposit in the Custodian Account.
Appears in 15 contracts
Samples: Collateral Administration Agreement, Collateral Administration Agreement, Collateral Administration Agreement
Payments Due from the Trust. Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Freddie Mac, by deposit into an account designated by Freddie Mac, the applicable Return Amount on such Payment Date. The payment obligation of the Trust to pay the Return Amount Amounts under this Agreement shall be limited to amounts on deposit in the Custodian Account.
Appears in 1 contract
Samples: Collateral Administration Agreement
Payments Due from the Trust. Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Freddie Xxxxxxx Mac, by deposit into an account designated by Freddie Xxxxxxx Mac, the applicable Return Amount on such Payment Date. The payment obligation of the Trust to pay the Return Amount Amounts under this Agreement shall be limited to amounts on deposit in the Custodian Account.
Appears in 1 contract
Samples: Collateral Administration Agreement
Payments Due from the Trust. Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a an outstanding Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust Indenture Trustee, on behalf of the Trust, shall pay to Freddie Mac, by deposit into an account designated by Freddie Mac, the applicable Return Amount on such Payment Date. The payment obligation of the Trust to pay the Return Amount under this Agreement shall be limited to amounts on deposit in the Custodian Account.
Appears in 1 contract
Samples: Collateral Administration Agreement