Premium Bonds. The amount to be paid by Treasury for the GSE Securities backed by the Program Bonds and which is allocable to the Program Bonds (before the netting out of any fees or expenses) is equal to the stated principal of the Program Bonds; that is, no portion of the Program Bonds were issued at a premium.. If the Program Bonds do not satisfy the requirements of the following sentence (i.e., a portion of the Program Bonds are Premium Bonds), then the Premium Bonds must satisfy the following criteria:
Appears in 4 contracts
Samples: Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Program Agreement (Federal Home Loan Mortgage Corp), Terms (Federal Home Loan Mortgage Corp)
