Increase in Liquidation Preference. The Enterprise and Treasury agree that, in addition to any adjustments required by Sections 2(b) and 8(b)(iii) of the Certificate, on September 30, 2019, and at the end of each fiscal quarter thereafter, the Liquidation Preference shall be increased by an amount equal to the increase in the Net Worth Amount, if any, during the immediately prior fiscal quarter, until such time as the Liquidation Preference shall have been increased by $22,000,000,000 pursuant to this sentence.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Federal National Mortgage Association Fannie Mae), Preferred Stock Purchase Agreement
Increase in Liquidation Preference. The Enterprise and Treasury agree that, in addition to any adjustments required by Sections 2(b) and 8(b)(iii) of the Certificate, on September 30as of December 31, 20192020, and at the end of each fiscal quarter thereafter, through and including the Capital Reserve End Date, the Liquidation Preference shall be increased by an amount equal to the increase in the Net Worth Amount, if any, during the immediately prior fiscal quarter, until such time as the Liquidation Preference shall have been increased by $22,000,000,000 pursuant to this sentence.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Federal National Mortgage Association Fannie Mae)
Increase in Liquidation Preference. The Enterprise and Treasury agree that, in addition to any adjustments required by Sections 2(b) and 8(b)(iii) of the Certificate, on September 30, 2019, and at the end of each fiscal quarter thereafter, the Liquidation Preference shall be increased by an amount equal to the increase in the Net Worth Amount, if any, during the immediately prior fiscal quarter, until such time as the Liquidation Preference shall have been increased by $22,000,000,000 17,000,000,000 pursuant to this sentence.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Federal Home Loan Mortgage Corp)
