Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on Class M Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.
Appears in 17 contracts
Samples: Stacr Debt Agreement, Global Agency Agreement, Stacr Debt Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Freddie Mac on Class M Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.
Appears in 15 contracts
Samples: Exchange Administration Agreement, Global Agency Agreement, Global Agency Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 2, 3, 4 or 5) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only MAC Notes are not entitled to receive payments of principal.
Appears in 13 contracts
Samples: Global Agency Agreement, Stacr Debt Agreement, Exchange Administration Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.
Appears in 11 contracts
Samples: Exchange Administration Agreement, Stacr Debt Agreement, Exchange Administration Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on Class M Original Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.
Appears in 10 contracts
Samples: Stacr Debt Agreement, Exchange Administration Agreement, Stacr Debt Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Freddie Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 2, 3, 4 or 5) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only MAC Notes are not entitled to receive payments of principal.
Appears in 9 contracts
Samples: Stacr Debt Agreement, Exchange Administration Agreement, Global Agency Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Freddie Mac on Class M Original Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.
Appears in 8 contracts
Samples: Exchange Administration Agreement, Stacr Debt Agreement, Global Agency Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Freddie Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.
Appears in 7 contracts
Samples: Global Agency Agreement, Exchange Administration Agreement, Stacr Debt Agreement
Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on Class M Exchangeable Notes that were Original Principal Balance Notes and that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 4, 5, 6 or 7) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only Notes are not entitled to receive payments of principal.
Appears in 3 contracts
Samples: Global Agency Agreement, Exchange Administration Agreement, Stacr Debt Agreement