Common use of Subordinated Debt Securities Clause in Contracts

Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Mac, which are due and payable. Such Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Mac’s obligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.

Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Mac, which Mac that are due and payable. Such Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Mac’s obligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.

Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Mac, which Fxxxxxx Mac that are due and payable. Such Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Fxxxxxx Mac’s obligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.

Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Fxxxxxx Mac, which are due and payable. Such Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Fxxxxxx Mac’s obligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.

Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be Freddie Mac subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Macthe World Trust, which are due and payable. Such Freddie Mac’s Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Mac’s obligation the World Trustobligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.. Targeted

Subordinated Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by the Subordinated Debt Securities and the payment of principal of and interest on such Subordinated Debt Securities will be subordinated to prior payment in full of all Senior Obligations of Xxxxxxx Mac, Mac which are due and payable. Such Senior Obligations will be identified by category in the applicable Supplemental Agreement. In addition, there may be other terms applicable to specific offerings of Subordinated Debt Securities that would defer, limit or suspend Xxxxxxx Mac’s obligation to make any payment of principal of or interest on such Subordinated Debt Securities under certain specified conditions. Any such terms and conditions will be specified in the Supplemental Agreement.