Examples of Freddie Mac in a sentence
The sum of the Capital Contribution Amount and the Transfer Amount that Freddie Mac shall owe to the Trust with respect to any Payment Date shall not be less than zero.
Subject to the conditions to payment specified in Section 4, on the Business Day prior to each Payment Date, Freddie Mac shall pay or cause to be paid to the Trust, by deposit into the Distribution Account or otherwise, an amount equal to the Capital Contribution Amount, if any, with respect to such Payment Date.
Payments on this Certificate will not be made until all amounts payable by the Trust with respect to the Notes under the Indenture, all amounts payable by the Trust to Freddie Mac under the Collateral Administration Agreement (including any contingent amounts that may become due and payable after any date of determination) and all amounts payable by the Trust under the other Basic Documents have been paid in full or discharged.
Freddie Mac shall act as Administrator of the Trust pursuant to the terms of the Administration Agreement.
For the avoidance of doubt, with respect to each Payment Date, the sum of the payments due from Freddie Mac to the Trust pursuant to this Section and Section 2 of the Collateral Administration Agreement on the Business Day prior to such Payment Date shall be netted against any payment due from the Trust to Freddie Mac pursuant to Section 3 of the Collateral Administration Agreement on such Payment Date.