Examples of Senior Reduction Amount in a sentence
See "Description of the Notes — Hypothetical Structure and Calculations with Respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount".
For the definition of Subordinate Reduction Amount, see "Description of the Notes — Hypothetical Structure and Calculations with Respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount".
For the definition of Senior Reduction Amount, see "Description of the Notes — Hypothetical Structure and Calculations with Respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount".
Because the Class 2M-1 and Class 2M-2 Notes correspond to the Class 2M-1 and Class 2M-2 Reference Tranches, respectively, any Senior Reduction Amount or Subordinate Reduction Amount, as applicable, allocated to the Class 2M-1 or Class 2M-2 Reference Tranches pursuant to the hypothetical structure will result in a requirement of Fannie Mae to make a corresponding payment of principal to the Class 2M-1 or Class 2M-2 Notes, as applicable.
Because the Class 1M-1 and Class 1M-2 Notes correspond to the Class 1M-1 and Class 1M-2 Reference Tranches, respectively, any Senior Reduction Amount or Subordinate Reduction Amount, as applicable, allocated to the Class 1M-1 or Class 1M-2 Reference Tranches pursuant to the hypothetical structure will result in a requirement of Fannie Mae to make a corresponding payment of principal to the Class 1M-1 or Class 1M-2 Notes, as applicable.
Because the Class 2M-1 and Class 2M-2 Notes correspond to the Class 2M-1 and Class 2M-2 Reference Tranches, respectively, any Senior Reduction Amount and/or Subordinate Reduction Amount, as applicable, allocated to the Class 2M-1 or Class 2M-2 Reference Tranches pursuant to the hypothetical structure will result in a requirement of Fannie Mae to make a corresponding payment of principal to the Class 2M-1 or Class 2M-2 Notes, as applicable.
Simultaneously, on each Premium Payment Date on or prior to the Termination Date, after allocation of the Senior Reduction Amount, the Subordinate Reduction Amount, any Tranche Write-down Amounts and any Tranche Write-up Amounts, the Supplemental Senior Increase Amount, if any, for such Premium Payment Date will be allocated to increase the Class Notional Amount of the Class A-H Reference Tranche.
If Original Notes have been exchanged for MAC Notes, all principal amounts that are payable by Freddie Mac on such exchanged Original Notes will be allocated to and payable on such MAC Notes that are entitled to principal in accordance with the exchange proportions applicable to the related Combination.See “Description of the Notes — Hypothetical Structure and Calculations with Respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount”.
Because the Class M-1 and Class M-2 Notes correspond to the Class M-1 and Class M-2 Reference Tranches, respectively, any Senior Reduction Amount or Subordinate Reduction Amount, as applicable, allocated to the Class M-1 or Class M-2 Reference Tranches pursuant to the hypothetical structure will result in a requirement of Fannie Mae to make a corresponding payment of principal to Class M-1 or Class M-2 Notes, as applicable.
If Exchangeable Notes have been exchanged for MAC Notes, all principal amounts that are payable by Freddie Mac on such exchanged Exchangeable Notes will be allocated to and payable on such MAC Notes that are entitled to principal in accordance with the exchange proportions applicable to the related Combination.See “Description of the Notes — Hypothetical Structure and Calculations with Respect to the Reference Tranches — Allocation of Senior Reduction Amount and Subordinate Reduction Amount”.