Common use of TERMS, CONDITIONS AND COVENANTS Clause in Contracts

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 (equal to $1,026,840,200 (representing the offering price of the Securities less underwriters' commissions) less $2,501,479 (representing the Reserve Account Initial Deposit), less $8,000,000 (representing the initial deposit into the Collection Account).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 1,332,739,932 (equal to $1,026,840,200 1,336,054,200 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 3,314,268 (representing the Reserve Account Initial Deposit), ) less $8,000,000 0 (representing the initial deposit into the Collection AccountCapitalized Interest Account Initial Deposit)).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 2,047,904,265.50 (equal to $1,026,840,200 2,060,430,850.50 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 5,026,585 (representing the Reserve Account Initial Deposit), less Deposit)less $8,000,000 7,500,000 (representing the initial deposit into to the Collection Account)).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 3,029,016,873.25 (equal to $1,026,840,200 3,036,539,775.25 (representing the offering price of the Securities less underwriters' commissions) less $2,501,479 7,497,902 (representing the Reserve Account Initial Deposit), less $8,000,000 25,000 (representing the initial deposit into the Collection Account).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 2,552,477,117.75 (equal to $1,026,840,200 2,558,734,833.75 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 6,257,716 (representing the Reserve Account Initial Deposit), less $8,000,000 (representing the initial deposit into the Collection Account).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 1,528,317,464 (equal to $1,026,840,200 1,532,070,819 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 3,753,355 (representing the Reserve Account Initial Deposit), less $8,000,000 (representing the initial deposit into the Collection Account).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 1,518,030,827 (equal to $1,026,840,200 1,530,721,656 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 3,750,829 (representing the Reserve Account Initial Deposit), ) less $8,000,000 8,500,000 (representing the initial deposit into Capitalized Interest Account Initial Deposit) less $440,000 (representing the Collection Accountupfront fee on the Swap Agreement)).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 1,525,369,126 (equal to $1,026,840,200 1,529,136,981 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 3,757,855 (representing the Reserve Account Initial Deposit), ) less $8,000,000 0 (representing the initial deposit into Capitalized Interest Account Initial Deposit) less $10,000 (representing the Collection Accountupfront fee on the Swap Agreement)).

TERMS, CONDITIONS AND COVENANTS. In consideration of the Purchase Xxxxx, Xxxxxx Mae hereby sells to the Interim Eligible Lender Trustee for the benefit of Funding the entire right, title and interest of Xxxxxx Xxx in the Loans accepted for purchase, subject to all the terms and conditions of the Purchase Agreement Master Securitization Terms Number 1000 ("Master Terms") and any amendments thereto, incorporated herein by reference, among Xxxxxx Mae, Funding, and the Interim Eligible Lender Trustee. The Initial Payment of the Loans shall equal $1,016,338,721 1,522,719,351 (equal to $1,026,840,200 1,526,473,711 (representing the offering sale price of the Securities less underwriters' commissionscommissions and fees) less $2,501,479 3,754,360 (representing the Reserve Account Initial Deposit), less $8,000,000 (representing the initial deposit into the Collection Account).