Common use of Principal Payments on the Notes Clause in Contracts

Principal Payments on the Notes. On each Payment Date prior to the Maturity Date and the Early Redemption Date, Xxxxxxx 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. On each Payment Date prior to the Maturity Date and the Early Redemption Date, Xxxxxxx 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.