New Issue Bond Program. Under the New Issue Bond Program, Transaction Loss will be calculated separately with respect to each Program Bond upon twelve (12) months after the first to occur of: (1) the stated maturity date of the New Issue Bond; (2) the date the New Issue Bond is fully redeemed; (3) the date of acceleration of the New Issue Bond; or (4) the date of mandatory tender in lieu of redemption of the New Issue Bond.
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)
New Issue Bond Program. Under the New Issue Bond Program, Transaction Loss will be calculated separately with respect to each Program Eligible Bond upon twelve (12) months after the first to occur of:
(1) the stated maturity date of the New Issue Eligible Bond;
(2) the date the New Issue Eligible Bond is fully redeemed;
(3) the date of acceleration of the New Issue Eligible Bond; or
(4) the date of mandatory tender in lieu of redemption of the New Issue Eligible Bond.
Appears in 1 contract
Samples: Memorandum of Understanding (Federal Home Loan Mortgage Corp)
