Common use of Decisions and Determinations Clause in Contracts

Decisions and Determinations. Any determination, decision or election that may be made by Xxxxxxx Mac pursuant to this Section titled “Effect of Benchmark Transition Event - LIBOR,” including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in Xxxxxxx Mac’s sole discretion, and, notwithstanding anything to the contrary in the documentation relating to the Debt Securities, shall become effective without consent from any other party. For purposes of whether a Benchmark Replacement or Benchmark Replacement Adjustment can be determined by Xxxxxxx Mac, if a Benchmark Replacement or Benchmark Replacement Adjustment alternative is, in the sole judgement of Xxxxxxx Mac, not administratively feasible, whether due to technical, administrative or operational issues, then such alternative shall be deemed not to be determinable.

Decisions and Determinations. Any determination, decision or election that may be made by Xxxxxxx Mac pursuant to this Section titled “Effect of Benchmark Transition Event - — LIBOR,” including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in Xxxxxxx Mac’s sole discretion, and, notwithstanding anything to the contrary in the documentation relating to the Debt Securities, shall become effective without consent from any other party. For purposes of whether a Benchmark Replacement or Benchmark Replacement Adjustment can be determined by Xxxxxxx Mac, if a Benchmark Replacement or Benchmark Replacement Adjustment alternative is, in the sole judgement of Xxxxxxx Mac, not administratively feasible, whether due to technical, administrative or operational issues, then such alternative shall be deemed not to be determinable.

Decisions and Determinations. Any determination, decision or election that may be made by Xxxxxxx Mac pursuant to this Section titled “Effect of Benchmark Transition Event - LIBOREvent,” including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in Xxxxxxx Mac’s sole discretion, and, notwithstanding anything to the contrary in the documentation relating to the Debt Securitiescertificates, shall will become effective without consent from any other party. For purposes of whether a Benchmark Replacement or Benchmark Replacement Adjustment can be determined by Xxxxxxx Mac, Mac if a Benchmark Replacement or Benchmark Replacement Adjustment alternative is, in the sole judgement of Xxxxxxx Mac, not administratively feasible, whether due to technical, administrative or operational issues, then such alternative shall will be deemed not to be determinable.

Decisions and Determinations. Any determination, decision or election that may be made by Xxxxxxx Freddie Mac pursuant to this Section titled “Effect of Benchmark Transition Event - — LIBOR,” including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in Xxxxxxx Freddie Mac’s sole discretion, and, notwithstanding anything to the contrary in the documentation relating to the Debt Securities, shall become effective without consent from any other party. For purposes of whether a Benchmark Replacement or Benchmark Replacement Adjustment can be determined by Xxxxxxx Freddie Mac, if a Benchmark Replacement or Benchmark Replacement Adjustment alternative is, in the sole judgement of Xxxxxxx Freddie Mac, not administratively feasible, whether due to technical, administrative or operational issues, then such alternative shall be deemed not to be determinable.