Common use of Principal Payments on the Notes Clause in Contracts

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).