Callable Class Clause Samples
A Callable Class clause defines the conditions under which a company can redeem or "call" a specific class of its securities before their maturity date. Typically, this clause outlines the time frames, notice requirements, and prices at which the company may exercise its right to repurchase these securities, such as preferred shares or bonds, from holders. By including this provision, the issuer gains flexibility to manage its capital structure or take advantage of favorable market conditions, while investors are made aware of the potential for early redemption and its terms.
Callable Class. A Class of CPCs representing the beneficial ownership of a specified Callable Asset or Callable Assets, subject to the Call Right of the related Call Class. Callable Pass-Through Certificates or CPCs: Pass-Through Certificates designated by Freddie Mac as CPCs, which include at least one Call Class that has the right to direct Freddie Mac to redeem a related Callable Class in the same Series. Certificated Pass-Through Certificates: Pass-Through Certificates which are issued in registered, certificated form and are transferable and exchangeable at the office of the Registrar. Class: All of the Pass-Through Certificates having like terms created in respect of a single Pass- Through Pool. For each Pass-Through Pool, there may be one or more Classes; together, all Classes of Pass-Through Certificates issued in respect of a Pass-Through Pool represent all the beneficial interests in the Pass-Through Pool.
Callable Class. A Class of CPCs representing the beneficial ownership of a specified Callable Asset or Callable Assets, subject to the Call Right of the related Call Class. Certificated Pass-Through Certificates: Pass-Through Certificates which are issued in registered, certificated form and are transferable and exchangeable at the office of the Registrar. Class: All of the Pass-Through Certificates having like terms created in respect of a single Pass- Through Pool. For each Pass-Through Pool, there may be one or more Classes; together, all Classes of Pass- Through Certificates issued in respect of a Pass-Through Pool represent all the beneficial interests in the Pass- Through Pool.
Callable Class. A Class of Callable Pass-Through CertiÑcates representing the beneÑcial ownership of a speciÑed Callable Asset or Callable Assets, subject to the Call Right of the related Call Class. CertiÑcated Pass-Through CertiÑcates: Pass-Through CertiÑcates which are issued in registered, certiÑcated form and are transferable and exchangeable at the oÇce of the Registrar.
Callable Class. A Class of CPCs, REMIC CertiÑcates or MACR CertiÑcates, as the context requires, that is redeemable, directly or indirectly, at the direction of the holder of the related Call Class.
Callable Class. A Class of Callable Pass-Through Certificates representing the beneficial ownership of a specified Callable Asset or Callable Assets, subject to the Call Right of the related Call Class. Certificated Pass-Through Certificates: Pass-Through Certificates which are issued in registered, certificated form and are transferable and exchangeable at the oÇce of the Registrar. Class: All of the Pass-Through Certificates having like terms created in respect of a single Pass- Through Pool. For each Pass-Through Pool, there may be one or more Classes; together, all Classes of Pass- Through Certificates issued in respect of a Pass-Through Pool represent all the beneficial interests in the Pass- Through Pool.
Callable Class. A Class of CPCs representing the beneficial ownership of a specified Callable Asset or Callable Assets, subject to the Call Right of the related Call Class. Certificated Pass-Through Certificates: Pass-Through Certificates which are issued in registered, certificated form and are transferable and exchangeable at the oÇce of the Registrar.
Callable Class. A Class of CPCs representing the beneficial ownership of a specified Callable Asset, subject to the Call Right of the related Call Class. Callable Pass-Through Certificates or CPCs: Pass-Through Certificates designated by ▇▇▇▇▇▇▇ Mac as CPCs, which include at least one Call Class that has the right to direct ▇▇▇▇▇▇▇ Mac to redeem a related Callable Class in the same Series. Certificated Pass-Through Certificates: Pass-Through Certificates which are issued in registered, certificated form and are transferable and exchangeable at the office of the Registrar. Class: All of the Pass-Through Certificates having like terms created in respect of a single Pass- Through Pool. For each Pass-Through Pool, there may be one or more Classes; together, all Classes of