Representations of Xxxxxx Mac and the Purchaser. Each of Xxxxxx Mac and the Purchaser jointly and severally represent to National Rural that on the date hereof and on each date on which the Purchaser purchases a Note from National Rural:
Representations of Xxxxxx Mac and the Purchaser. Each of Xxxxxx Mac and the Purchaser jointly and severally represent to Issuer that on the date hereof and on each date on which the Purchaser purchases a Bond from Issuer:
Representations of Xxxxxx Mac and the Purchaser. Each of Xxxxxx Mac and the Purchaser jointly and severally represent to National Rural that on the date hereof and on each date on which the Purchaser purchases a Note from National Rural: it has all necessary authority and has taken all necessary corporate action, and obtained all necessary approvals, in order for it to execute and deliver all Note Documents to which it is a party and for its obligations and agreements under the Note Documents to constitute valid and binding obligations of Xxxxxx Mac and the Purchaser; and in particular the terms of the transaction, and the actions taken by Xxxxxx Mac and the Purchaser, are in compliance with and in satisfaction of the requirements of the Farm Credit Administration, as amended or waived by the Farm Credit Administration; and The Purchaser is purchasing the Notes for its own account and not with a view to the distribution thereof, provided that the disposition by Xxxxxx Mac or the Purchaser of their property shall at all times be within their control. Xxxxxx Mac and the Purchaser each understands that the Notes have not been registered under the Act and may be resold only if an exemption from registration is available.
