Common use of Payments to MAC Notes Clause in Contracts

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

Appears in 28 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Global Agency Agreement

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Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Xxxxxxx Mac on Class M Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

Appears in 27 contracts

Samples: Stacr® Debt Agreement, Stacr® Debt Agreement, Stacr® Debt Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Xxxxxxx Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 2, 3, 4 or 5) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only MAC Notes are not entitled to receive payments of principal.

Appears in 21 contracts

Samples: Stacr® Debt Agreement, Global Agency Agreement, Stacr® Debt Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 2, 3, 4 or 5) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only MAC Notes are not entitled to receive payments of principal.

Appears in 20 contracts

Samples: Stacr® Debt Agreement, Global Agency Agreement, Global Agency Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

Appears in 18 contracts

Samples: Global Agency Agreement, Stacr® Debt Agreement, Global Agency Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Xxxxxxx Mac on Class M Original Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

Appears in 18 contracts

Samples: Global Agency Agreement, Stacr® Debt Agreement, Stacr® Debt Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Xxxxxxx Mac on Class M Exchangeable Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

Appears in 16 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Stacr® Debt Agreement

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Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Original Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

Appears in 14 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Stacr® Debt Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Xxxxxxx Mac on Class M Exchangeable Notes that were Original Principal Balance Notes and that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 4, 5, 6 or 7) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only Notes are not entitled to receive payments of principal.

Appears in 3 contracts

Samples: Global Agency Agreement, Stacr® Debt Agreement, Global Agency Agreement

Payments to MAC Notes. In the case of an early redemption as described in (a) above, if a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Freddie Mac on Class M Exchangeable Notes that were Original Principal Balance Notes and that were exchanged for such MAC Notes (or any MAC Notes further exchanged for such MAC Notes pursuant to Combination 4, 5, 6 or 7) will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination. The Interest Only Notes are not entitled to receive payments of principal.

Appears in 1 contract

Samples: Global Agency Agreement

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