Common use of Allocation of Principal and Interest; Available Funds Only Clause in Contracts

Allocation of Principal and Interest; Available Funds Only. All principal and interest received on Program Bonds represented by Custodial Receipts related to a GSE Security, less administrative and other fees and expenses to which the related GSE and the Administrator are entitled, will be allocated to that GSE Security without preference or priority. All GSE Securities will be structured, and all distributions will be made, solely on an available-funds basis.

Allocation of Principal and Interest; Available Funds Only. All principal and interest received on Program the Eligible Bonds represented by Custodial Receipts related to backing a GSE Security, less administrative and other fees and expenses to which the related GSE and the Administrator GSEs are entitled, will be allocated to that GSE Security without preference or priority. All GSE Securities will be structured, and all distributions will be made, solely on an available-available funds basis.