Common use of DD YYYY Clause in Contracts

DD YYYY. In consideration of the lender's reduction of the interest charged the borrower's account, the United States of America, acting thorough the Farm Service Agency of the United States Department of Agriculture (FSA) pursuant to the Consolidated Farm and Rural Develo.pment Act agrees that in accordance with and subject to the conditions and requirements in this agreement it will reimburse interest to the lender at a maximum of 4 percent per annum of the average daily principal balance, subject to limitations in FSA regulations. The full amount of interest assistance payments made by FSA to the lender will be passed on to the borrower. The initial period of this agreement begins (c) and ends (d)