Common use of Business Day Convention Clause in Contracts

Business Day Convention. If a Discount Note's stated Maturity Date is a day that is not a Business Day, the Maturity Date of the Discount Note shall be the first Business Day following such day. In such event, Xxxxxxx Mac shall pay interest for the days from the stated Maturity Date to (but excluding) the Maturity Date established according to the preceding sentence based on the percentage of discount at which such Discount Note was issued.

Business Day Convention. If a Discount Note's ’s stated Maturity Date is a day that is not a Business Day, Xxxxxxx Mac will pay interest on or the Maturity Date principal of the Discount Note shall be on the first next Business Day following such day. In such event, Xxxxxxx Mac shall pay interest for with the days from same force and effect as if made on the stated Maturity Date. No interest on such payment on Discount Note will accrue for the period from the specified Maturity Date to (but excluding) the Maturity Date established according to actual date of the preceding sentence based on the percentage of discount at which such Discount Note was issuedpayment.

Business Day Convention. If a Discount Note's ’s stated Maturity Date is a day that is not a Business Day, the Maturity Date of the Discount Note shall be the first Business Day following such day. In such event, Xxxxxxx Mac shall pay interest interest, if any, for the days from the stated Maturity Date to (but excluding) the Maturity Date established according to the preceding sentence based on the percentage of discount at which Discount Rate applicable to such Discount Note was issuedNote.

Business Day Convention. If a Discount Note's ’s stated Maturity Date is a day that is not a Business Day, the Maturity Date of the Discount Note shall be the first Business Day following such day. In such event, Xxxxxxx Freddie Mac shall pay interest interest, if any, for the days from the stated Maturity Date to (but excluding) the Maturity Date established according to the preceding sentence based on the percentage of discount at which Discount Rate applicable to such Discount Note was issuedNote.

Business Day Convention. If a Discount Note's ’s stated Maturity Date is a day that is not a Business Day, the Maturity Date of the Discount Note shall be the first Business Day following such day. In such event, Xxxxxxx Mac shall pay interest for the days from the stated Maturity Date to (but excluding) the Maturity Date established according to the preceding sentence based on the percentage of discount at which such Discount Note was issued.

Business Day Convention. If (a) Xxxxxx Mac will only offer a Discount Note's stated Note having a Maturity Date is on a Business Day. If, however, due to events that occur after an issue of Discount Notes the Maturity Date of an issue of Discount Notes no longer falls on a day that is not a Business Day, the its Maturity Date of the Discount Note shall be will become the first Business Day following such that day. In such event, Xxxxxxx Xxxxxx Mac shall will pay interest for the days period from the stated original Maturity Date to (but excluding) the revised Maturity Date established according to the preceding sentence based on the percentage of discount at which such we issued the Discount Note was issuedNotes.

Business Day Convention. If a Discount Note's ’s stated Maturity Date is a day that is not a Business Day, the Maturity Date of the Discount Note shall be the first Business Day following such day. In such event, Xxxxxxx Freddie Mac shall pay interest for the days from the stated Maturity Date to (but excluding) the Maturity Date established according to the preceding sentence based on the percentage of discount at which such Discount Note was issued.

Business Day Convention. If a Discount Note's stated Maturity Date is a day that is not a Business Day, the Maturity Date of the Discount Note shall be the first Ñrst Business Day following such day. In such event, Xxxxxxx Mac shall pay interest for the days from the stated Maturity Date to (but excluding) the Maturity Date established according to the preceding sentence based on the percentage of discount at which such Discount Note was issued.