New Issue Bond Program. Under the New Issue Bond Program, a Transaction Loss under a New Issue Bond is the amount of principal of such New Issue Bond then due and unpaid as of the date that Transaction Loss is calculated. Any accrued and unpaid interest and any interest on interest or interest on other unpaid sums will not be included in Transaction Losses and will be borne solely by Treasury.
Appears in 2 contracts
Sources: New Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Participation Agreement (Federal National Mortgage Association Fannie Mae)
New Issue Bond Program. Under the New Issue Bond Program, a Transaction Loss under a New Issue Term Bond is the amount of principal of such New Issue Eligible Bond then due and unpaid as of the date that Transaction Loss is calculated. Any accrued and unpaid interest and any interest on interest or interest on other unpaid sums will not be included in Transaction Losses and will be borne solely by Treasury.
Appears in 1 contract
Sources: Memorandum of Understanding (Federal Home Loan Mortgage Corp)