Common use of First Position Losses Clause in Contracts

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: Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Terms (Federal Home Loan Mortgage Corp), Administration Agreement (Federal Home Loan Mortgage Corp)

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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: Federal Home Loan Mortgage Corp

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