Call Class definition

Call Class. A Class of CPCs whose Holder has the right to direct Xxxxxxx Mac to redeem the related Callable Class.

Call Class. A Class of CPCs representing the Call Right with respect to the related Callable Class and Callable Asset or Assets.

Call Class. A Class of Callable Pass-Through Certificates representing the Call Right with respect to the related Callable Class and Callable Asset or Assets.

Examples of Call Class in a sentence

• Payment to Call Class HolderOn the Redemption Date, Freddie Mac will pay to you the excess of (a) the Call Payment plus payments received on the underlying Callable Assets in the month of redemption over (b) the Redemption Price.

• Redemption of Callable Class• On the Redemption Date, Freddie Mac will redeem the Callable Class by paying its Holders, on a pro rata basis, the Redemption Price.• Freddie Mac will not make any other payment on the Callable Class.• Once redeemed, a Callable Class and its related Call Class will not be reissued.

• In such a Series, the Administrator shall adopt a plan of complete liquidation for the REMIC Pool (or, in a Double-Tier Series, the related Lower-Tier REMIC Pool) on the date on which notice by the holder of the related Call Class of CPCs of exercise of its right to direct the redemption of the Assets becomes irrevocable.

• The Callable Pool will also issue a ""Call Class'' as shown below.

• Class: A REMIC Class, a MACR Class and/or any other class of securities issued under this Agreement, as the context requires; or, if the context so requires, a Call Class or Callable Class issued under a Pass-Through Agreement.

• In the event that a Call Class is held of record and transferable in certificated form, such certificate shall bear the legend: “This certificate may be transferred in whole but not in part and may be transferred to one but not more than one person.

• 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.

• In terms of Sub-section 38(1) (c) of the National Audit Act, the Chief Accounting Officer shall ensure that an effective internal control system for the financial control exists in the Ministry and carry out periodic reviews to monitor the effectiveness of such system and accordingly make any alterations as required for such systems to be effectively carried out.

• If you are the Holder of the Call Class, you will have the right (the ""Call Right''):1.

• Callable Class: A Class of CPCs, REMIC Certificates or MACR Certificates, as the context requires, that is redeemable, directly or indirectly, at the direction of the holder of the related Call Class.

More Definitions of Call Class

Call Class. The Class S Certificateholder.