Examples of Return Reimbursement Amount in a sentence
Subject to Sections 4, 6 and 8, on the Business Day prior to each Payment Date, Freddie Mac shall pay to the Trust, by deposit into the Distribution Account or otherwise, (a) the Transfer Amount and (b) the Return Reimbursement Amount, if any, due with respect to such Payment Date.
Any Return Reimbursement Amount paid by Fannie Mae on a Payment Date under the Collateral Administration Agreement will be deposited in the Note Distribution Account.
If any Tranche Write-up Amounts are allocated to a Class or Classes of Reference Tranches corresponding to a Class or Classes of Notes on any Payment Date, Fannie Mae will owe the Issuer a Return Reimbursement Amount on the Payment Date on which the Tranche Write-up Amounts were allocated, equal to the aggregate amount of Tranche Write-up Amounts so allocated to increase the Class Principal Balances of the Notes (without regard to any exchanges of Exchangeable Notes for RCR Notes).
Subject to Sections 4, 6 and 8, on the Business Day prior to each Payment Date, Xxxxxxx Mac shall pay to the Trust, by deposit into the Distribution Account or otherwise, (a) the Transfer Amount and (b) the Return Reimbursement Amount, if any, due with respect to such Payment Date.
On each Remittance Date, Xxxxxx Mae will pay to the Issuer, for deposit into the Note Distribution Account by the Indenture Trustee, (a) the Transfer Amount for the related Payment Date, it being understood that the Trust Estate Yield for the related Payment Date will be deemed to satisfy, up to the amount of such Trust Estate Yield, Xxxxxx Mae's Transfer Amount payment obligation for such Remittance Date and (b) the Return Reimbursement Amount, if any, for such Remittance Date.
Subject to Sections 4 and 6, on the Business Day prior to each Payment Date, Freddie Mac shall pay to the Trust, by deposit into the Distribution Account or otherwise, (a) the Transfer Amount and (b) the Return Reimbursement Amount, if any, due with respect to such Payment Date.
Subject to Sections 4 and 6, on the Business Day prior to each Payment Date, Xxxxxxx Mac shall pay to the Trust, by deposit into the Distribution Account or otherwise, (a) the Transfer Amount and (b) the Return Reimbursement Amount, if any, due with respect to such Payment Date.
On each Remittance Date, Xxxxxx Xxx will pay to the Issuer, for deposit into the Note Distribution Account by the Indenture Trustee, (a) the Transfer Amount for the related Payment Date, it being understood that the Trust Estate Yield for the related Payment Date will be deemed to satisfy, up to the amount of such Trust Estate Yield, Fannie Mae's Transfer Amount payment obligation for such Remittance Date and (b) the Return Reimbursement Amount, if any, for such Remittance Date.
The Collateral Administration Agreement and Capital Contribution Agreement will permit netting of the Return Amount due on any Payment Date against the Transfer Amount, Return Reimbursement Amount and Capital Contribution Amount due on the Business Day immediately prior to such Payment Date.
On each Remittance Date, Xxxxxx Mae will pay to the Issuer, for deposit into the Note Distribution Account by the Indenture Trustee, (a) the Transfer Amount for the related Payment Date, it being understood that the Trust Estate Yield for the related Payment Date will be deemed to satisfy, up to the amount of such Trust Estate Yield, Fannie Mae's Transfer Amount payment obligation for such Remittance Date and (b) the Return Reimbursement Amount, if any, for such Remittance Date.