Termination Upon Final Payment. Except as provided in Sections 3.05(e) and 6.01, Xxxxxxx Mac's obligations and responsibilities under this Agreement to a Holder of any PC will terminate upon (i) the full payment to the Holder of all principal and interest due the Holder of such PC based on the Pool Factors or by reason of Xxxxxxx Mac's guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Mac and required to be paid hereunder.
Appears in 2 contracts
Samples: Multifamily Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement
Termination Upon Final Payment. Except as provided in Sections 3.05(e) and 6.01, Xxxxxxx 6.01,Freddie Mac's obligations and responsibilities under this Agreement to a Holder of any PC will terminate upon (i) the full payment to the Holder of all principal and interest due the Holder of such PC based on the Pool Factors or by reason of Xxxxxxx Freddie Mac's guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Freddie Mac and required to be paid hereunder.
Appears in 2 contracts
Samples: Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement
Termination Upon Final Payment. Except as provided in Sections 3.05(e) and 6.01, Xxxxxxx 6.01,Xxxxxxx Mac's obligations and responsibilities under this Agreement to a Holder of any PC will terminate upon (i) the full payment to the Holder of all principal and interest due the Holder of such PC based on the Pool Factors or by reason of Xxxxxxx Mac's guarantees or (ii) the payment to the Holder of all amounts held by Xxxxxxx Mac and required to be paid hereunder.
Appears in 2 contracts
Samples: Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement
