Common use of Program Losses Clause in Contracts

Program Losses. (A) Aggregate Program Losses (excluding only the Transaction Loss then just calculated for the New Issue Bond or Temporary Credit and Liquidity Facility for which the reconciliation is made); and (B) Aggregate Program Losses realized as of the Loss Calculation Date (including the Transaction Loss then just calculated for the New Issue Bond or Temporary Credit and Liquidity Facility for which the reconciliation is made).

Appears in 6 contracts

Sources: New Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Administration Agreement (Federal Home Loan Mortgage Corp), New Issue Bond Program Agreement (Federal Home Loan Mortgage Corp)

Program Losses. (A) Aggregate Program Losses (excluding only the Transaction Loss then just calculated for the New Issue Eligible Bond or Temporary Credit and Liquidity Facility for which the reconciliation is made); and (B) Aggregate Program Losses realized as of the Loss Calculation Date (including the Transaction Loss then just calculated for the New Issue Eligible Bond or Temporary Credit and Liquidity Facility for which the reconciliation is made).

Appears in 1 contract

Sources: Memorandum of Understanding (Federal Home Loan Mortgage Corp)