Modification Gain Amount definition

Modification Gain Amount. With respect to each Payment Date, the excess, if any, of the aggregate Modification Excess over the aggregate Modification Shortfall for such Payment Date.

Modification Gain Amount means, with respect to each Premium Payment Date, the excess, if any, of the aggregate Modification Excess over the aggregate Modification Shortfall for such Premium Payment Date.

Modification Gain Amount means, with respect to each Premium Payment Date (or with respect to the Loan Acquisition Period, for purposes of calculating the Loan Acquisition Period Loss Amount), the excess, if any, of the aggregate Modification Excess over the aggregate Modification Shortfall for such Premium Payment Date.

Examples of Modification Gain Amount in a sentence

• The Preliminary Principal Loss Amount for each Premium Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount.

• The Preliminary Tranche Write-up Amount for each Premium Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount.

• The Preliminary Tranche Write-down Amount for each Premium Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount.

• The Preliminary Class Notional Amount for each Premium Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount.

• On each Premium Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, the Preliminary Tranche Write-down Amount, the Preliminary Tranche Write-up Amount, and the Preliminary Class Notional Amount will be computed prior to the allocation of Modification Gain Amount.

• If Class M Notes have been exchanged for any other MAC Notes, any Modification Gain Amount that is allocable to such exchanged Class M Notes on any Payment Date will be allocated to increase the Interest Payment Amounts, as applicable, of such MAC Notes for such Payment Date in accordance with the exchange proportions applicable to the related Combination.

• On each Premium Payment Date, on or prior to the Termination Date, the Preliminary Principal Loss Amount, the Preliminary Tranche Write-down Amount, the Preliminary Tranche Write-up Amount, and the Preliminary Class Notional Amount will be computed prior to the allocation of Modification Gain Amount.

• Accordingly, as of each Premium Payment Date and for each Reference Tranche the Net Premium Payment will reflect the allocation of (a) any Modification Loss Amount, as adjusted by the Insured Percentage for such Premium Payment Date pursuant to the priorities set forth in Article VI(C)(1), or (b) any Modification Gain Amount for such Premium Payment Date allocated to increase the Net Premium Payment pursuant to the priorities set forth in Article VI(C)(2).

• See “The Agreements – The Indenture – Optional Retirement of Notes Owned by Freddie Mac” in the Preliminary PPM.On each Payment Date on or prior to the Maturity Date, the Preliminary Principal Loss Amount, the Preliminary Tranche Write-down Amount, the Preliminary Tranche Write-up Amount and the Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Gain Amount.

• Accordingly, as of each Premium Payment Date and for each Reference Tranche the Net Premium Payment will reflect the allocation of (a) any Modification Loss Amount, as adjusted by the Insured Percentage for such Premium Payment Date pursuant to the priorities set forth in Article VI(C)(1), or (b) any Modification Gain Amount for such Premium Payment Date allocated to increase the Interest Payment Amount of its associated Class of Original Notes pursuant to the priorities set forth in Article VI(C)(2).