Principal Payments on the Notes. On each Payment Date prior to the Maturity Date or the Early Redemption Date, Xxxxxxx Mac (or its agent, the Global Agent) will pay principal on each Class of Original Notes (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes) in reduction of its Class Principal Balance in an amount equal to the portion of the Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03 (d) and (e) above. If on the Maturity Date or any Payment Date a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on 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.
Principal Payments on the Notes. On each Payment Date on or prior to the Termination Date, Xxxxxx Xxx will pay principal on each Class of Notes (without regard to any exchanges of Exchangeable Notes for RCR Notes for such Payment Date) in reduction of its Class Principal Balance in an amount equal to the portion of the Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03(b) and (c) above. If any RCR Notes are held by Holders, any such reduction that is allocable to the related Exchangeable Notes will be allocated to reduce the Class Principal Balance or Class Notional Amount, as applicable, of the RCR Notes.
Principal Payments on the Notes. On each Payment Date on or prior to the Group 1 Termination Date or Group 2 Termination Date, as applicable, Xxxxxx Mae will pay principal on each Class of Notes in reduction of its Class Principal Balance in an amount equal to the portion of the related Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03(b) and (c) above.
Principal Payments on the Notes. The principal balance of the Series 2006-A Notes shall be payable on each Settlement Date from amounts on deposit in the Series 2006-A Settlement Account in an amount equal to (i) so long as no Early Amortization Event or Event of Default has occurred (and has not been waived in accordance with the terms of the Base Indenture), the sum of the Scheduled Principal Payment Amount and Supplemental Principal Payment Amount for such Settlement Date, or (ii) if an Early Amortization Event or an Event of Default has occurred (and has not been waived in accordance with the terms of the Base Indenture), the full Note Principal to the extent that funds are available for such purposes in accordance with the provisions of Section 5.14 of the Base Indenture. The unpaid principal amount of each Note together with all unpaid interest, fees, expenses, costs and other amounts payable by the Issuer to the Holders of the Notes pursuant to the terms of the Base Indenture, this Series Supplement, the Note Purchase Agreement and the other Transaction Documents shall be due and payable in full on the earlier to occur of (x) the date on which an Event of Default shall occur and the Series 2006-A Notes have been accelerated in accordance with the provisions of the Base Indenture and (y) the Legal Final Settlement Date.
Principal Payments on the Notes. On each Payment Date prior to the Maturity Date and the Early Redemption Date, Freddie Mac will pay principal on each Class of Notes in reduction of its Class Principal Balance in an amount equal to the portion of the Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to reduce the Class Notional Amount of the Corresponding Class of Reference Tranche on such Payment Date pursuant to Sections 3.03 (d) and (e) above.
Principal Payments on the Notes. (a) On each Payment Date occurring during the Revolving Credit Period, the Borrower shall pay to the Agent on behalf of each Lender in accordance with the priority of payments set forth in subpart (I) of Section 2.18(b) a principal payment on its Note in an amount equal to its pro rata share of the Asset Base Deficiency (if any).
Principal Payments on the Notes. On each Payment Date on or prior to the Termination Date, Xxxxxxx Mac will pay principal on the Notes in reduction of its Class Principal Balance in an amount equal to the sum of (i) portion of the Principal Reduction Amount allocated to reduce the Class Notional Amount of the Class B Reference Tranche on such Payment Date pursuant to Section 3.03(c) and (ii) the amount, if any, of the Calculated Recovery Principal allocated to reduce the Class Notional Amount of the Class B Reference Tranche on such Payment Date pursuant to Section 3.03(d).
Principal Payments on the Notes. (a) Unless the Term-Out Option shall have been elected and effected, on the Commitment Termination Date, each Borrower agrees to pay to the Agent for account of the Lenders the entire outstanding principal amount of the Credit Loans borrowed by it outstanding on the Commitment Termination Date.
Principal Payments on the Notes
