Common use of Execution of Notes Clause in Contracts

Execution of Notes. The Notes shall be executed on behalf of Xxxxxxx Mac by one or more officers of Xxxxxxx Mac authorized to do so pursuant to one or more resolutions of Xxxxxxx Mac and a Certificate of Delegation of Authority, whose signatures may be manual or facsimile (an “Authorized Officer”). Notes bearing the manual or facsimile signature of an Authorized Officer shall bind Xxxxxxx Mac, notwithstanding that such person no longer serves as the official so authorized to execute the Notes prior to the authentication and delivery of the Notes or was not such an official at the date of execution of such Notes. The Global Agent shall have no responsibility to Xxxxxxx Mac to determine by whom or by what means a facsimile signature may have been affixed on the Notes, or to determine whether any facsimile or manual signature is genuine.