New Issue Bond Program definition

New Issue Bond Program means the program described in the New Issue Bond Program Agreement.
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New Issue Bond Program has the meaning given to such term in the recitals of this Agreement.
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New Issue Bond Program means the program pursuant to which Treasury will purchase GSE Securities pursuant to the New Issue Bond Program Agreement.
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Examples of New Issue Bond Program in a sentence

  • Treasury will bear all Program Losses realized on the New Issue Bond Program and the Temporary Credit and Liquidity Facility Program up to the First Loss Limit (“First Position Losses”).

  • Any losses incurred with respect to accrued but unpaid interest on any of the New Issue Bonds backing the GSE Securities issued from time to time under the New Issue Bond Program and on any Credit Advance or Liquidity Advance made from time to time under the Temporary Credit and Liquidity Facilities issued under the Temporary Credit and Liquidity Facility Program are not subject to sharing with the GSEs and will be entirely borne by Treasury.

  • Each GSE will bear Program Losses, if any, realized on the New Issue Bond Program and the Temporary Credit and Liquidity Facility Program once the Program Losses, if any, realized by Treasury equal the First Loss Limit (“Second Position Losses”).

  • The principal amount of the Program Bonds does not exceed the amount allocated to the HFA under the Single-Family New Issue Bond Program.

  • Such First Loss Limit may be adjusted by the GSEs and Treasury if the aggregate amount under either (a) or (b) above is less than $10 billion, or upon the obtaining or processing of information impacting the applicable Risk Ratings, or such other material new information that affects risk, commercial reasonableness, or safety and soundness under either the New Issue Bond Program or the Temporary Credit and Liquidity Facility Program.

  • The HFA hereby certifies that the principal amount of the Program Bonds does not exceed the amount allocated to the HFA under the Multifamily New Issue Bond Program.

  • The HFA hereby certifies that the principal amount of the Program Bonds does not exceed $25,000,000 and the amount allocated to the HFA under the Single-Family New Issue Bond Program.

  • The eligibility requirements for Program Bonds under the New Issue Bond Program are set forth on Schedule D to this Agreement.

  • The GSEs and Treasury shall initiate, administer and carry out the New Issue Bond Program in accordance with this Agreement.

  • The Program Bond Guarantee Fee and the other fees chargeable by the GSEs under the New Issue Bond Program are set forth in Schedule A of this Agreement.


More Definitions of New Issue Bond Program

New Issue Bond Program has the meaning given to that term in the Uniform Loss Sharing Attachment.
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New Issue Bond Program means the program described in Section 3 of the MOU.
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New Issue Bond Program means the program pursuant to which Treasury will purchase GSE Securities pursuant to the New Issue Bond Program Agreement. “New Issue Bond Program Agreement” means the New Issue Bond Program Agreement, dated as of December 9, 2009, among Treasury, ▇▇▇▇▇▇ Mae and ▇▇▇▇▇▇▇ Mac. “Official Statement” means the Official Statement of the HFA delivered pursuant to Section 5.1(a)(iv) of the Placement Agreement pertaining to the Program Bonds being delivered to the GSEs in exchange for the GSE Securities. “Opinion of Counsel” means a written opinion of counsel, who may be outside or salaried counsel of the party causing the opinion to be delivered, acceptable in any event to (a) each of the parties to which such opinion is addressed and (b) each of the parties entitled to rely on such opinion. “Participation Letter” means the participation letter from the HFA to ▇▇▇▇▇▇ Mae and ▇▇▇▇▇▇▇ Mac acknowledging the HFA’s intent to participate in the HFA Initiative. “Placement Agreement” means the Placement Agreement, dated December 9, 2009, by and among ▇▇▇▇▇▇ Mae, ▇▇▇▇▇▇▇ Mac and the HFA, which provides for the exchange of the Program Bonds for the GSE Securities. “Pre-Settlement Conditions” has the meaning given to such term in Section 3(d)(v) of this Agreement. “Private Placement Memorandum” means a private placement memorandum of a GSE relating to the GSE Securities. “Program Bonds” means, collectively, the single-family mortgage revenue bonds and/or multifamily mortgage revenue bonds issued by the HFA and identified in Schedule B to the Placement Agreement. “Purchase Price” means the aggregate purchase price paid by Treasury for the GSE Securities, which is specified in the Settlement Statement.
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Related to New Issue Bond Program

  • New Issue means any initial public offering of an equity security as defined in Section 3(a)(11) of the Exchange Act, made pursuant to a registration statement or offering circular. New issue shall not include:

  • New Issuance has the meaning set forth in Section 4.2(a).

  • School Bonds means School Obligations issued as Bonds.

  • Previously Issued Bonds means all Bonds that have been issued by CFD No. 2001-1 prior to the date of prepayment.

  • Corporate Bonds means a debt obligation of a United States-chartered corporation with a maturity date greater than 270 days, which may be interest-bearing or discount-purchased.