Principal Payments on the Notes Clause Samples

Principal Payments on the Notes. On each Payment Date on or prior to the Termination Date, ▇▇▇▇▇▇ ▇▇▇ 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, ▇▇▇▇▇▇ 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. (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). (b) On each Payment Date occurring after the Revolving Credit Period has expired or been terminated and on which no Early Amortization Event is continuing, the Borrower shall pay to the Agent on behalf of each Lender a principal payment on its Note in an amount equal to its pro rata share of the Scheduled Principal Payment for such Payment Date. (c) On each Payment Date on which an Early Amortization Event is then continuing, all of the remaining available Distributable Cash Flow, in accordance with the priority of payments set forth in subpart (II) of Section 2.18(b), will be used to repay the principal balance of the Notes; provided, however, that if only a Designated Early Amortization Event is then continuing, then, so long as no other Early Amortization Event is then continuing, only the Designated Early Amortization Amount will be used to repay the Note, which amount shall be in addition to the Scheduled Principal Payment payable on such date. On each Payment Date on which an Event of Default is then continuing, all of the remaining available Distributable Cash Flow, in accordance with the priority of payments set forth in subpart (III) of Section 2.18(b), will be used to repay the principal balance of the Notes. (d) The unpaid principal balance of, and all accrued interest and other amounts owing on, or with respect to, the Notes shall be payable in full on the earlier to occur of (x) the Final Maturity Date and (y) the date on which the Note(s) have been declared due and payable in accordance with the provisions of Section 9 hereof.

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. On each Payment Date on or prior to the Termination Date, ▇▇▇▇▇▇▇ 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