First Position Losses. If the amount calculated in (a)(3)(B) is not more than the First Loss Limit, then the Transaction Loss for the New Issue Bond or Temporary Credit and Liquidity Facility for such reconciliation calculation is fully First Position Losses.
Appears in 6 contracts
Samples: New Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), New Issue Bond Program Agreement (Federal Home Loan Mortgage Corp), New Issue Bond Program Agreement (Federal Home Loan Mortgage Corp)
First Position Losses. If the amount calculated in (a)(3)(B) is not more than the First Loss Limit, then the Transaction Loss for the New Issue Term Bond or Temporary Credit and Liquidity Facility for such reconciliation calculation is fully First Position Losses.
Appears in 1 contract
Samples: Memorandum of Understanding (Federal Home Loan Mortgage Corp)
