Notes Held or Acquired by Xxxxxx Xxx. Xxxxxx Xxx shall have the right to purchase and hold for its own account any Note and to otherwise acquire (either for cash or in exchange for newly–issued Notes) all or a portion of the Notes. Notes of any particular Class held or acquired by Xxxxxx Mae shall have an equal and proportionate benefit to Notes of the same Class held by other Holders, without preference, priority or distinction, except that in determining whether the Holders of the required percentage of the outstanding principal amount of the Notes have given any required demand, authorization, notice, consent or waiver under this Agreement, any Notes owned by Xxxxxx Xxx or any person directly or indirectly controlling or controlled by or under direct or indirect common control with Xxxxxx Mae shall be disregarded and deemed not to be outstanding for the purpose of such determination.
