Common use of Termination/Transfer Clause in Contracts

Termination/Transfer. The Sponsor shall not terminate, transfer nor consent to any transfer of any existing Hedge without Fxxxxxx Mac’s prior written consent as long as the Sponsor is required to maintain a Hedge with respect to the Class A Certificates pursuant to this Agreement. Prior to termination of an existing Hedge on a date prior to its scheduled termination date, the Sponsor shall, so long as a Weekly Reset Rate or Monthly Reset Rate is in effect, obtain a new Hedge satisfying the terms of this Agreement. Any new Hedge must be effective on or before or on the date immediately following the last date on which the existing Hedge is in effect. In no event shall the Sponsor terminate the Hedge if in connection with such termination Fxxxxxx Mac would be required to pay a termination fee pursuant to the Hedge, unless Fxxxxxx Mac expressly consents to the payment of such termination fee.

Termination/Transfer. The Sponsor shall not terminate, transfer nor consent to any transfer of any existing Hedge without Fxxxxxx Xxxxxxx Mac’s prior written consent as long as the Sponsor is required to maintain a Hedge with respect to the Class A Certificates pursuant to this Agreement. Prior to termination of an existing Hedge on a date prior to its scheduled termination date, the Sponsor shall, so long as a Weekly Reset Rate or Monthly Reset Rate is in effect, obtain a new Hedge satisfying the terms of this Agreement. Any new Hedge must be effective on or before or on the date immediately following the last date on which the existing Hedge is in effect. In no event shall the Sponsor terminate the Hedge if in connection with such termination Fxxxxxx Xxxxxxx Mac would be required to pay a termination fee pursuant to the Hedge, unless Fxxxxxx Xxxxxxx Mac expressly consents to the payment of such termination fee.