GNMA Principal Payment Amount definition

GNMA Principal Payment Amount. For any Payment Date, the difference between (i) the Aggregate Remaining Balance of the underlying Assets consisting of GNMA-Related Securities for the preceding month (or their aggregate principal balance on the Startup Day, in the case of the first Payment Date) and (ii) their Aggregate Remaining Balance for the current month. GNMA-Related Securities: GNMA Certificates and securities (including Giant Securities) that are backed, directly or indirectly, by GNMA Certificates.

GNMA Principal Payment Amount. For any Payment Date for Pass-Through Securities, the difference between (i) the Aggregate Remaining Balance of the underlying Assets for the preceding month (or their aggregate principal balance on the day of formation of the related Pass-Through Pool, in the case of the first Payment Date) and (ii) their Aggregate Remaining Balance for the current month. Gold Pass-Through PC: A Pass-Through PC backed directly or indirectly by Gold PCs. Gold PC: A fixed-rate PC as to which there are approximately 45 days between the first day of the month in which the PC is issued and the date a holder of record receives the initial payment in respect of the PC. Guarantor: Freddie Mac, in its corporate capacity, as guarantor of the Pass-Through Certificates issued by each Pass-Through Pool.

GNMA Principal Payment Amount. For any Payment Date for Pass-Through Securities, the diÅerence between (i) the Aggregate Remaining Balance of the underlying Assets for the preceding month (or their aggregate principal balance on the day of formation of the related Pass-Through Pool, in the case of the Ñrst Payment Date) and (ii) their Aggregate Remaining Balance for the current month. Gold Pass-Through PC: A Pass-Through PC backed directly or indirectly by Gold PCs.

Examples of GNMA Principal Payment Amount in a sentence

• The Administrator shall calculate the amount of principal to be paid on, and the Class Factor for, each Class of Pass-Through Securities for each month using the GNMA Principal Payment Amount for that month.

• Xxxxxxx Mac will calculate the amount of principal to be paid on, and the Class Factor for, each Class of Pass-Through Securities for each month using the GNMA Principal Payment Amount for that month.

• Freddie Mac will calculate the amount of principal to be paid on, and the Class Factor for, each Class of Pass-Through Securities for each month using the GNMA Principal Payment Amount for that month.

• Section 17(a) of the 1940 Act restricts transactions between an “affiliated person of a registered invest- ment company” and that investment company.

• However, the calculation of the GNMA Principal Payment Amount for any month will reconcile any variances that occurred in the preceding month.