Common use of Rate Setting Clause in Contracts

Rate Setting. If the Borrower satisfies all of the conditions to the Lender's obligation to make the Advance in accordance with Article V, then the Borrower may propose a MBS Pass-Through Rate (for a Fixed Facility Advance) or MBS Imputed Interest Rate (for a Variable Advance) by submitting to the Lender by facsimile transmission a completed and executed document, in the form attached as EXHIBIT M to this Agreement ("RATE SETTING FORM"), before 1:00 p.m. Washington, D.C. time on any Business Day ("RATE SETTING DATE"). The Rate Setting Form contains various factual certifications required by the Lender and specifies:

Rate Setting. If the Borrower satisfies all of the conditions to the Lender's obligation to make the Advance in accordance with Article V, then the Borrower may propose a MBS Pass-Through Rate (for a Fixed proposed Base Facility Advance) or MBS Imputed Interest Rate (for a Variable proposed Revolving Advance) by submitting to the Lender by facsimile transmission a completed and executed document, in the form attached as EXHIBIT M Exhibit O to this Agreement ("RATE SETTING FORMRate Setting Form"), before 1:00 p.m. Washington, D.C. time on any Business Day ("RATE SETTING DATERate Setting Date"). The Rate Setting Form contains various factual certifications required by the Lender and specifies:

Rate Setting. If the Borrower satisfies all of the conditions to the Lender's obligation to make the Advance in accordance with Article V, then the Borrower may propose a MBS Pass-Through Rate (for a Fixed Base Facility Advance) or MBS Imputed Interest Rate (for a Variable Revolving Advance) by submitting to the Lender by facsimile transmission a completed and executed document, in the form attached as EXHIBIT Exhibit M to this Agreement ("RATE SETTING FORMRate Setting Form"), before 1:00 p.m. Washington, D.C. time on any Business Day ("RATE SETTING DATERate Setting Date"). The Rate Setting Form contains various factual certifications required by the Lender and specifies:

Rate Setting. If the Borrower satisfies all of the conditions to ------------ the Lender's obligation to make the Advance in accordance with Article V, then the Borrower may propose a MBS Pass-Through Rate (for a Fixed Base Facility Advance) or MBS Imputed Interest Rate (for a Variable Revolving Advance) by submitting to the Lender by facsimile transmission a completed and executed document, in the form attached as EXHIBIT Exhibit M to this Agreement ("RATE SETTING FORMRate Setting Form"), before 1:00 p.m. --------- ----------------- Washington, D.C. time on any Business Day ("RATE SETTING DATERate Setting Date"). The Rate ----------------- Setting Form contains various factual certifications required by the Lender and specifies:

Rate Setting. If the Borrower satisfies all of the conditions ------------ to the Lender's obligation to make the Advance in accordance with Article V, then the Borrower may propose a MBS Pass-Through Rate (for a Fixed Base Facility Advance) or MBS Imputed Interest Rate (for a Variable Revolving Advance) by submitting to the Lender by facsimile transmission a completed and executed document, in the form attached as EXHIBIT Exhibit M to this Agreement ("RATE SETTING FORMRate Setting Form"), before --------- ----------------- 1:00 p.m. Washington, D.C. time on any Business Day ("RATE SETTING DATERate Setting Date"). The ----------------- Rate Setting Form contains various factual certifications required by the Lender and specifies: