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Thursday, August 31, 2023 12:04:55 AM
Will the SPSA third amendment suffice?
For each Dividend Period from January 1, 2013, through and including December 31, 2017, the “Dividend Amount” for a
Dividend Period means the amount, if any, by which the Net Worth Amount at the end of the immediately preceding fiscal quarter,
less the Applicable Capital Reserve Amount, exceeds zero. For each Dividend Period from January 1, 2018, the “Dividend Amount”
for a Dividend Period means the amount, if any, by which the Net Worth Amount at the end of the immediately preceding fiscal
quarter exceeds zero. In each case, “Net Worth Amount” means (i) the total assets of the Company (such assets excluding the
Commitment and any unfunded amounts thereof) as reflected on the balance sheet of the Company as of the applicable date set forth
in this Certificate, prepared in accordance with GAAP, less (ii) the total liabilities of the Company (such liabilities excluding any
obligation in respect of any capital stock of the Company, including this Certificate), as reflected on the balance sheet of the
Company as of the applicable date set forth in this Certificate, prepared in accordance with GAAP
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Third-Amendment-to-the-Amended-and-Restated-SPSPA_08-17-2012.pdf
The NWS is the Net Worth Dividend.
You are very emotional, are you by chance female?
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