Common use of Callable Class Clause in Contracts

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 Xxxxxxx Mac as CPCs, which include at least one Call Class that has the right to direct Xxxxxxx 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 AssetsAsset, subject to the Call Right of the related Call Class. Callable Pass-Through Certificates or CPCs: Pass-Through Certificates designated by Xxxxxxx Mac as CPCs, which include at least one Call Class that has the right to direct Xxxxxxx 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.