Common use of Conditions to Payment, Transfer or Exchange Clause in Contracts

Conditions to Payment, Transfer or Exchange. Xxxxxxx Mac shall have the right to require a Holder of a Debenture or Medium-Term Note, as a condition to payment of principal of or interest on such Debenture or Medium-Term Note, or as a condition to transfer or exchange of such Debenture or Medium-Term Note, to present at such place as Xxxxxxx Mac shall designate a certificate in such form as Xxxxxxx Mac may from time to time prescribe, to enable Xxxxxxx Mac to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Xxxxxxx Mac or any Federal Reserve Bank may be required to deduct or withhold from payments in respect of such Debenture or Medium-Term Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof and (ii) any reporting or other requirements under such laws, regulations or interpretations. Xxxxxxx Mac shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

Conditions to Payment, Transfer or Exchange. Xxxxxxx Mac shall have the right to require a Holder of a Debenture or Medium-Term NoteDebt Security, as a condition to payment of principal of or interest on such Debenture or Medium-Term NoteDebt Security, or as a condition to transfer or exchange of such Debenture or Medium-Term NoteDebt Security, to present at such place as Xxxxxxx Mac shall designate a certificate in such form as Xxxxxxx Mac may from time to time prescribe, to enable Xxxxxxx Mac to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Xxxxxxx Mac or Mac, any Federal Reserve Bank or the Global Agent, as the case may be, may be required to deduct or withhold from payments in respect of such Debenture or Medium-Term Note Debt Security under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof and (ii) any reporting or other requirements under such laws, regulations or interpretations. Xxxxxxx Mac shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

Conditions to Payment, Transfer or Exchange. Xxxxxxx Xxxxxx Mac shall have the right to require a Holder of a Debenture or Medium-Term Note, as a condition to payment of principal of such Note, in the case of a Discount Note, or principal of and any premium and interest on such Debenture or Note, in the case of a Medium-Term Note, or as a condition to transfer or exchange of such Debenture or Medium-Term a Note, to present at such place as Xxxxxxx Xxxxxx Mac shall designate a certificate in such form as Xxxxxxx Xxxxxx Mac may from time to time prescribe, to enable Xxxxxxx Xxxxxx Mac to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Xxxxxxx Mac or Xxxxxx Mac, any Federal Reserve Bank or foreign jurisdiction may be required to deduct or withhold from payments in respect of such Debenture or Medium-Term Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof and (ii) any reporting or other requirements under such laws, regulations or interpretations. Xxxxxxx Xxxxxx Mac shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

Conditions to Payment, Transfer or Exchange. Xxxxxxx Mac shall have the right to require a Holder of a Debenture or Medium-Term Note, as a condition to payment of principal of or interest on such Debenture or Medium-Term Note, or as a condition to transfer or exchange of such Debenture or Medium-Term Note, to present at such place as Xxxxxxx Mac shall designate a certificate certiÑcate in such form as Xxxxxxx Mac may from time to time prescribe, to enable Xxxxxxx Mac to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Xxxxxxx Mac or any Federal Reserve Bank may be required to deduct or withhold from payments in respect of such Debenture or Medium-Term Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof and (ii) any reporting or other requirements under such laws, regulations or interpretations. Xxxxxxx Mac shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate certiÑcate or, if no certificate certiÑcate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.

Conditions to Payment, Transfer or Exchange. Xxxxxxx Mac shall have the right to require a Holder of a Debenture or Medium-Medium- Term Note, as a condition to payment of principal of or interest on such Debenture or Medium-Medium- Term Note, or as a condition to transfer trans fer or exchange of such Debenture or Medium-Term Note, to present at such place as Xxxxxxx Mac shall designate a certificate in such form as Xxxxxxx Mac may from time to time prescribe, to enable Xxxxxxx Mac to determine its duties and liabilities with respect to (i) any taxes, assessments or governmental charges which Xxxxxxx Mac or any Federal Reserve Bank may be required to deduct or withhold from payments in respect of such Debenture or Medium-Term Note under any present or future law of the United States or jurisdiction therein or any regulation or interpretation of any taxing authority thereof thereof; and (ii) any reporting or other requirements under such laws, regulations or interpretations. Xxxxxxx Mac shall be entitled to determine its duties and liabilities with respect to such deduction, withholding, reporting or other requirements on the basis of information contained in such certificate or, if no certificate shall be presented, on the basis of any presumption created by any such law, regulation or interpretation, and shall be entitled to act in accordance with such determination.