Partial First Position Losses; Partial Second Position Losses. If the amount appearing in (a)(3)(A) is less than the First Loss Limit but the amount calculated in (a)(3)(B) exceeds the First Loss Limit, then:
Appears in 7 contracts
Samples: Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Administration Agreement (Federal Home Loan Mortgage Corp), Terms (Federal Home Loan Mortgage Corp)