Examples of Subordinate 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".
In the event that the Class Notional Amount for the Class 1A-H Reference Tranche is so increased as described in the prior sentence, this would have the effect of increasing the Senior Percentage correspondingly reducing the Subordinate Percentage, which would have a negative impact on the Notes in respect of the calculations of the Senior Reduction Amount and the Subordinate Reduction Amount, as described above.
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.
In the event that the Class Notional Amount for the Class A-H Reference Tranche is so increased as described in the prior sentence, this would have the effect of increasing the Senior Percentage and correspondingly reducing the Subordinate Percentage, which would have a negative impact on the Notes in respect of the calculations of the Senior Reduction Amount and the Subordinate Reduction Amount, as described above.
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.
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.
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.
In the event that the Class Notional Amount for the Class 2A-H Reference Tranche is so increased as described in the prior sentence, this would have the effect of increasing the Senior Percentage correspondingly reducing the Subordinate Percentage, which would have a negative impact on the Notes in respect of the calculations of the Senior Reduction Amount and the Subordinate Reduction Amount, as described above.