Original Notes definition

Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.

Original Notes means (i) the Class M-1, Class M-2 and Class M-3 Notes, which are modifiable and combinable with the MAC Notes as described in the Exchange Administration Agreement, and (ii) the Class B Notes.

Original Notes means all Notes other than Exchange Notes.

Examples of Original Notes in a sentence

• Original Notes shall be deposited with (i) the Global Agent as a custodian for, and registered in the name of a nominee of, DTC, or (ii) the Global Agent as a Common Depositary, and registered in the name of such Common Depositary or a nominee of such Common Depositary.

• The Original Notes shall be issued and maintained in minimum denominations of $250,000 and additional increments of $1.

• The Original Notes are subject to early redemption by the Issuer as set forth in Article III of the Debt Agreement.

• If the Issuer elects to exercise its early redemption option with respect to the Original Notes, the Issuer shall give written notice by an Authorized Officer of its intention to exercise such option to the Global Agent of the principal amount of the Original Notes to be so redeemed in accordance with the Terms applicable to such Note.

• The Global Agent acts solely as a fiscal agent of Xxxxxxx Mac with respect to the Original Notes (and of the Exchange Administrator with respect to the MAC Notes) and does not assume any obligation or relationship of agency or trust for or with any Holder of an Original Note, except that any moneys held by the Global Agent for payment on an Original Note shall be held in trust for the Holder.

More Definitions of Original Notes

Original Notes. The Class M-1, Class M-2, Class M-3 and Class B Notes. Origination Rep and Warranty/Servicing Breach Settlement: Any settlement (which settlement only relates to claims arising from breaches of origination/selling representations and warranties or breaches of servicing obligations) that Freddie Mac enters into with a seller or servicer in lieu of requiring such seller or servicer to repurchase a specified pool of Mortgage Loans that include, among others, one or more Reference Obligations, as a result of breaches of origination/selling representations or warranties or as a result of breaches of servicing obligations whereby Freddie Mac has received the agreed-upon settlement proceeds from such seller or servicer. For the avoidance of doubt, any Origination Rep and Warranty/Servicing Breach Settlement will only relate to breaches of either (i) origination/selling representations and warranties or (ii) servicing obligations, but not both. Origination Rep and Warranty/Servicing Breach Settlement Amount: (I) with respect to the Payment Date in the month after the calendar month in which an Origination Rep and Warranty/Servicing Breach Settlement occurs, the lesser of (a) the aggregate amount of Credit Event Net Losses of the Origination Rep and Warranty/Servicing Breach Settlement Reference Obligations for such Payment Date and all prior Payment Dates, less the aggregate amount of Credit Event Net Losses of the Origination Rep and Warranty/Servicing Breach Settlement Reference Obligations that were Reversed Credit Event Reference Obligations for such Payment Date and all prior Payment Dates; and (b) the Origination Rep and Warranty/Servicing Breach Settlement Loan Allocation Amount (Cap); and, (II), with respect to each Payment Date thereafter, the lesser of (a) the aggregate amount of Credit Event Net Loss of the Origination Rep and Warranty/Servicing Breach Settlement Reference Obligations for such Payment Date; and

Original Notes has the meaning assigned to such term in the recitals to the Indenture.

Original Notes means the Class X-0, Xxxxx X-0, Class M-3 and Class B Notes. “Payment Date” means the 25th day of each calendar month (or, if not a Business Day,

Original Notes has the meaning set forth in the introductory paragraph hereto.

Original Notes. The Class M-1, Class M-2 and Class M-3 Notes.

Original Notes shall have the meaning set forth in the preamble to this Indenture.

Original Notes. The Class M-1, Class M-2, Class M-3 and Class B Notes. Origination Rep and Warranty/Servicing Breach Settlement: Any settlement (which settlement only relates to claims arising from breaches of origination representations and warranties or breaches of servicing obligations) that Xxxxxxx Mac enters into with a seller or servicer in lieu of requiring such seller or servicer to repurchase a specified pool of Mortgage Loans which include, among others, one or more Reference Obligations, as a result of breaches of origination representations or warranties or as a result of breaches of servicing obligations whereby Xxxxxxx Mac has received the agreed-upon settlement proceeds from such seller or servicer.