Common use of Posting Rates by the Bank Clause in Contracts

Posting Rates by the Bank. The Bank and the Agents will discuss from time to time the rates of interest per annum to be borne by and the maturity of Book-Entry Securities that may be sold as a result of the solicitation of offers by an Agent. The Bank may establish a fixed set of interest rates and maturities for an offering period (“posting”). If the Bank decides to change already posted rates, it will promptly advise the Agents to suspend solicitation of offers until the new posted rates have been established with the Agents. Acceptance of Offers by the Bank: Each Agent will promptly advise the Bank by telephone or other appropriate means of all reasonable offers to subscribe for Book-Entry Securities, other than those rejected by such Agent. Each Agent may, in its discretion reasonably exercised, reject any offer received by it in whole or in part. Each Agent also may make offers to the Bank to subscribe for Book-Entry Securities as a Purchasing Agent. The Bank will have the sole right to accept offers to subscribe for Book-Entry Securities and may reject any such offer in whole or in part. The Bank will promptly notify the Selling Agent or Purchasing Agent, as the case may be, of its acceptance or rejection of an offer to subscribe for Book-Entry Securities. If the Bank accepts an offer to subscribe for Book-Entry Securities, it will confirm such acceptance in writing to the Selling Agent or Purchasing Agent, as the case may be, and the Trustee.

Posting Rates by the Bank. The Bank and the Agents will discuss from time to time the rates of interest per annum to be borne by and the maturity of Book-Entry Securities that may be sold as a result of the solicitation of offers by an Agent. The Bank may establish a fixed set of interest rates and maturities for an offering period (“posting”)period. If the Bank decides to change already posted rates, it will promptly advise the Agents to suspend solicitation of offers until the new posted rates have been established with the Agents. Acceptance of Offers by the Bank: Each Agent will promptly advise the Bank by telephone or other appropriate means of all reasonable offers to subscribe for purchase Book-Entry Securities, other than those rejected by such Agent. Each Agent may, in its discretion reasonably exercised, reject any offer received by it in whole or in part. Each Agent also may make offers to the Bank to subscribe for purchase Book-Entry Securities as a Purchasing Agent. The Bank will have the sole right to accept offers to subscribe for purchase Book-Entry Securities and may reject any such offer in whole or in part. The Bank will promptly notify the Selling Agent or Purchasing Agent, as the case may be, of its acceptance or rejection of an offer to subscribe for purchase Book-Entry Securities. If the Bank accepts an offer to subscribe for purchase Book-Entry Securities, it will confirm such acceptance in writing to the Selling Agent or Purchasing Agent, as the case may be, and the Trustee.

Posting Rates by the Bank. The Bank and the Agents will discuss from time to time the rates of interest per annum to be borne by and the maturity of Book-Entry Securities that may be sold as a result of the solicitation of offers by an Agent. The Bank may establish a fixed set of interest rates and maturities for an offering period (“posting”)period. If the Bank decides to change already posted rates, it will promptly advise the Agents to suspend solicitation of offers until the new posted rates have been established with the Agents. Acceptance of Offers by the Bank: Each Agent will promptly advise the Bank by telephone or other appropriate means of all reasonable offers to subscribe for purchase Book-Entry Securities, other than those rejected by such Agent. Each Agent may, in its discretion reasonably exercised, reject any offer received by it in whole or in part. Each Agent also may make offers to the Bank to subscribe for purchase Book-Entry Securities as a Purchasing Agent. The Bank will have the sole right to accept offers to subscribe for purchase Book-Entry Securities and may reject any such offer in whole or in part. The Bank will promptly notify the Selling Agent or Purchasing Agent, as the case may be, of its acceptance or rejection of an offer to subscribe for purchase Book-Entry Securities. If the Bank accepts an offer to subscribe for purchase Book-Entry Securities, it will confirm such acceptance in writing to the Selling Agent or Purchasing Agent, as the case may be, and the Trustee.

Posting Rates by the Bank. The Bank and the Agents will discuss from time to time the rates of interest per annum to be borne by and the maturity of Book-Entry Securities that may be sold as a result of the solicitation of offers by an Agent. The Bank may establish a fixed set of interest rates and maturities for an offering period (“posting”). If the Bank decides to change already posted rates, it will promptly advise the Agents to suspend solicitation of offers until the new posted rates have been established with the Agents. Acceptance of Offers by the Bank: Each Agent will promptly advise the Bank by telephone or other appropriate means of all reasonable offers to subscribe for purchase Book-Entry Securities, other than those rejected by such Agent. Each Agent may, in its discretion reasonably exercised, reject any offer received by it in whole or in part. Each Agent also may make offers to the Bank to subscribe for purchase Book-Entry Securities as a Purchasing Agent. The Bank will have the sole right to accept offers to subscribe for purchase Book-Entry Securities and may reject any such offer in whole or in part. The Bank will promptly notify the Selling Agent or Purchasing Agent, as the case may be, of its acceptance or rejection of an offer to subscribe for purchase Book-Entry Securities. If the Bank accepts an offer to subscribe for purchase Book-Entry Securities, it will confirm such acceptance in writing to the Selling Agent or Purchasing Agent, as the case may be, and the Trustee.. Communication of Sale Information to the Bank by Agent and Settlement Procedures:

Posting Rates by the Bank. The Bank and the Agents will discuss from time to time the rates of interest per annum to be borne by and the maturity of Book-Entry Securities that may be sold as a result of the solicitation of offers by an Agent. The Bank may establish a fixed set of interest rates and maturities for an offering period (“posting”). If the Bank decides to change already posted rates, it will promptly advise the Agents to suspend solicitation of offers until the new posted rates have been established with the Agents. Acceptance of Offers by the Bank: Each Agent will promptly advise the Bank by telephone or other appropriate means of all reasonable offers to subscribe for purchase Book-Entry Securities, other than those rejected by such Agent. Each Agent may, in its discretion reasonably exercised, reject any offer received by it in whole or in part. Each Agent also may make offers to the Bank to subscribe for purchase Book-Entry Securities as a Purchasing Agent. The Bank will have the sole right to accept offers to subscribe for purchase Book-Entry Securities and may reject any such offer in whole or in part. The Bank will promptly notify the Selling Agent or Purchasing Agent, as the case may be, of its acceptance or rejection of an offer to subscribe for purchase Book-Entry Securities. If the Bank accepts an offer to subscribe for purchase Book-Entry Securities, it will confirm such acceptance in writing to the Selling Agent or Purchasing Agent, as the case may be, and the TrusteeIssuing and Paying Agent.