Default Notices. If an action, occurrence or event shall happen that is, or with notice and the passage of time would become, an Event of Default, National Rural shall deliver a National Rural Notice of such action, occurrence or event to Xxxxxx Mac before 4:00 p.m. (District of Columbia time) on the Business Day following the date National Rural becomes aware of such action, occurrence or event, and, if such Event of Default should occur, shall submit to Xxxxxx Mac, within five days thereafter, a report setting forth its views as to the reasons for the Event of Default, the anticipated duration of the Event of Default and what corrective actions National Rural is taking to cure such Event of Default.
Appears in 5 contracts
Samples: Note Purchase Agreement (Federal Agricultural Mortgage Corp), Note Purchase Agreement (Federal Agricultural Mortgage Corp), Note Purchase Agreement (Federal Agricultural Mortgage Corp)
Default Notices. If an action, occurrence or event shall happen that is, or with notice and the passage of time would become, an Event of Default, National Rural shall deliver a National Rural Notice of such action, occurrence or event to Xxxxxx Fxxxxx Mac before 4:00 p.m. (District of Columbia time) on the Business Day following the date National Rural becomes aware of such action, occurrence or event, and, if such Event of Default should occur, shall submit to Xxxxxx Fxxxxx Mac, within five days thereafter, a report setting forth its views as to the reasons for the Event of Default, the anticipated duration of the Event of Default and what corrective actions National Rural is taking to cure such Event of Default.
Appears in 4 contracts
Samples: Note Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Note Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Note Purchase Agreement (Federal Agricultural Mortgage Corp)
Default Notices. If an action, occurrence or event shall happen that is, or with notice and the passage of time would become, an Event of Default, National Rural shall deliver a National Rural Notice of such action, occurrence or event to Xxxxxx Fxxxxx Mac before 4:00 p.m. (District of Columbia time) time on the Business Day following the date National Rural becomes aware of such action, occurrence or event, and, if such Event of Default should occur, shall submit to Xxxxxx Fxxxxx Mac, within five days thereafter, a report setting forth its views as to the reasons for the Event of Default, the anticipated duration of the Event of Default and what corrective actions National Rural is taking to cure such Event of Default.
Appears in 1 contract
Samples: Note Purchase Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
