Common use of General Limitations; Issuable in Series Clause in Contracts

General Limitations; Issuable in Series. Purposes and Conditions for Issuance; Payment of Principal and Interest. The aggregate Principal Amount of Notes that may be authenticated and delivered and Outstanding under this Indenture is not limited, except as may be limited by law. The Notes may be issued in series as from time to time authorized by the Board. Notes shall be issued only for the purposes of (a) providing funds for the origination or purchase, or both, by the Corporation of Eligible Loans (including, for this purpose, the acquisition under this Indenture of Eligible Loans previously purchased or originated by the Corporation from other available moneys of the Corporation), or (b) refunding at or before their Stated Maturity any or all Outstanding Notes issued for that purpose, and (c) paying Administrative Costs, Note Fees, Costs of Issuance and capitalized interest on the Notes being issued and making deposits to the Reserve Fund. The Notes, including the principal thereof, premium, if any, and interest thereon and any Carry-Over Amounts (and accrued interest thereon) with respect thereto, and Other Obligations are limited obligations of the Corporation, payable solely from the revenues and assets of the Corporation pledged therefor under this Indenture.

General Limitations; Issuable in Series. Purposes and ----------------------------------------------------- Conditions for Issuance; Payment of Principal and Interest. The aggregate ---------------------------------------------------------- Principal Amount of Notes that may be authenticated and delivered and Outstanding under this Indenture is not limited, except as may be limited by law. The Notes may be issued in series as from time to time authorized by the Board. Notes shall be issued only for the purposes of (a) providing funds for the origination or purchase, or both, by the Corporation of Eligible Loans (including, for this purpose, the acquisition under this Indenture of Eligible Loans previously purchased or originated by the Corporation from other available moneys of the Corporation), or (b) refunding at or before their Stated Maturity any or all Outstanding Notes issued for that purpose, and (c) paying Administrative Costs, Note Fees, Costs of Issuance and capitalized interest on the Notes being issued and making deposits to the Reserve Fund. The Notes, including the principal thereof, premium, if any, and interest thereon and any Carry-Over Amounts (and accrued interest thereon) with respect thereto, and Other Obligations are limited obligations of the Corporation, payable solely from the revenues and assets of the Corporation pledged therefor under this Indenture.