Example ContractsClausesAggregate Outstanding Class a Certificate Balance$80,000,000
Aggregate Outstanding Class a Certificate Balance$80,000,000
Aggregate Outstanding Class a Certificate Balance$80,000,000 contract clause examples

Interest accrued on Class A Certificates at 2.0% during first week and 2.5% during second week

Interest accrued on Class A Certificates at 2.0% during first week and 2.5% during second week

(52.1428) (0.000625)

(.10)(1,000,000)( 80,000,000 )

Not a leap year

Decrease of Aggregate Outstanding Class B Certificate Balance. On any day that is (A)(i) a Reset Date for the applicable Reset Rate Method or # a Business Day with the prior written consent of 100% of the Holders of Class A Certificates and # at least 10 Business Days following the delivery of notice of the below conversion to the Registered Holders, with the prior written consent of Freddie Mac, the Sponsor, if a Holder of Class B Certificates, acting alone or all of the Holders of Class B Certificates acting together, may direct the Administrator to convert a specified Current Certificate Balance of Class B Certificates to an equivalent Current Certificate Balance of Class A Certificates. If the Sponsor is the directing Holder alone, the Current Certificate Balance of Class B Certificates to be converted may be equal to or less than the Current Certificate Balance that it holds, subject to maintaining a minimum Current Certificate Balance of Class B Certificates of $5,000. If all Holders of Class B Certificates make such direction, the Current Certificate Balance of Class B Certificates to be converted for each such Holder will be proportional to each Holder’s Current Certificate Balance of Class B Certificates prior to conversion, subject to the Sponsor’s maintaining a minimum Current Certificate Balance of Class B Certificates of $5,000. Any such conversion will be effected by delivering to the Administrator # at least 15 Business Days prior to the date on which such conversion is to occur # a written request to increase the Current Certificate Balance of such Class A Certificates, and # the written consent of Freddie Mac, and # on the date of the conversion, an equivalent Current Certificate Balance of Class B Certificates. The Administrator will promptly notify Freddie Mac and DTC of the resulting reduction in the Aggregate Outstanding Class B Certificate Balance and the corresponding increase in the Aggregate Outstanding Class A Certificate Balance, and the Liquidity Commitment will be increased accordingly.

Outstanding Balance. As of June 1, 2020, the outstanding principal balance of Note A-1 is $133,288,129.86 and the outstanding principal balance of Note A-2 is $133,288,129.86.

Moody’s Obligor rating (if available); # S&P Obligor rating (if available); # whether such Loan has been subject to an Assigned Value Adjustment Event (and of what type);

Aggregate Outstanding Certificate Balance” means, as of any date of determination, the sum of the Aggregate Outstanding Class A Certificate Balance and the Aggregate Outstanding Class B Certificate Balance.

Reductions of the Aggregate Outstanding Amounts. The Aggregate Outstanding Class A Certificate Balance will be reduced by the aggregate Current Certificate Balance of such Class A Certificates subject to Mandatory Tender that are canceled.

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