Common use of Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices Clause in Contracts

Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices. (a) The Borrower may rescind any Prepayment Election made in accordance with paragraph 15 of this Note, but only in accordance with this paragraph 16. (b) The Borrower shall deliver to FFB, with a copy to the Secretary, written notification of each rescission of a Prepayment Election (each such notification being an “Election Rescission Notice”) specifying the particular Advance for which the Borrower wishes to rescind such Prepayment Election, which specification must make reference to the particular “Advance Identifier” (as that term is defined in the Note Purchase Agreement) that FFB assigned to such Advance (as provided in the Note Purchase Agreement). The Election Rescission Notice may be delivered by facsimile transmission to FFB at (000) 000-0000 or at such other facsimile number or numbers as FFB may from time to time communicate to the Borrower. (c) To be effective, an Election Rescission Notice must be received by FFB not later than 3:30 p.m. (Washington, DC, time) on the second Business Day before the Intended Prepayment Date. (d) In the event that the Borrower (1) makes a Prepayment Election in accordance with paragraph 15 of this Note, (2) does not rescind such Prepayment Election in accordance with this paragraph 16, and (3) does not, before 3:00 p.m. (Washington, DC, time) on the Intended Prepayment Date, pay to FFB the Prepayment Price described in paragraph 15(d) of this Note, then a Late Charge shall accrue on any such unpaid amount from the Intended Prepayment Date to the date on which payment is made, computed in accordance with the principles of paragraph 12 of this Note.

Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices. (a) The Borrower may rescind any Prepayment Election made in accordance with paragraph 15 14 of this Note, but only in accordance with this paragraph 1615. (b) The Borrower shall deliver to FFB, with a copy to the Secretary, written notification of each rescission of a Prepayment Election (each such notification being an “Election Rescission Notice”) specifying the particular Advance for which the Borrower wishes to rescind such Prepayment Election, which specification must make reference to the particular “Advance Identifier” (as that term is defined in the Note Purchase Agreement) that FFB assigned to such Advance (as provided in the Note Purchase Agreement). The Election Rescission Notice may be delivered by facsimile transmission to FFB at (000) 000-0000 or at such other facsimile number or numbers as FFB may from time to time communicate to the Borrower. (c) To be effective, an Election Rescission Notice must be received by FFB not later than 3:30 p.m. (Washington, DC, time) on the second Business Day before the Intended Prepayment Date. (d) In the event that the Borrower (1) makes a Prepayment Election in accordance with paragraph 15 14 of this Note, (2) does not rescind such Prepayment Election in accordance with this paragraph 1615, and (3) does not, before 3:00 p.m. (Washington, DC, time) on the Intended Prepayment Date, pay to FFB the Prepayment Price described in paragraph 15(d14(d) of this Note, then a Late Charge shall accrue on any such unpaid amount from the Intended Prepayment Date to the date on which payment is made, computed in accordance with the principles of paragraph 12 11 of this Note.

Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices. (a) The Borrower may rescind any Prepayment Election made in accordance with paragraph 15 of this Note, but only in accordance with this paragraph 16. (b) The Borrower shall deliver to FFB, with a copy to the Secretary, written notification of each rescission of a Prepayment Election (each such notification being an “Election Rescission Notice”) specifying the particular Advance for which the Borrower wishes to rescind such Prepayment Election, which specification must make reference to the particular “Advance Identifier” (as that term is defined in the Note Purchase Agreement) that FFB assigned to such Advance (as provided in the Note Purchase Agreement). The Election Rescission Notice may be delivered by facsimile transmission to FFB at (000) 000-0000 or at such other facsimile number or numbers as FFB may from time to time communicate to the Borrower. (c) To be effective, an Election Rescission Notice must be received by FFB not later than 3:30 p.m. (Washington, DC, time) on the second Business Day before the Intended Prepayment Date. (d) In the event that the Borrower (1) makes a Prepayment Election in accordance with paragraph 15 of this Note, (2) does not rescind such Prepayment Election in accordance with this paragraph 16, and (3) does not, before 3:00 p.m. (Washington, DC, time) on the Intended Prepayment Date, pay to FFB the Prepayment Price described in paragraph 15(d) of this Note, then a Late Charge shall accrue on any such unpaid amount from the Intended Prepayment Date to the date on which payment is made, computed in accordance with the principles of paragraph 12 11 of this Note.

Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices. (a) The Borrower may rescind any Prepayment Election made in accordance with paragraph 15 of this Note, but only in accordance with this paragraph 16. (b) The Borrower shall deliver to FFB, with a copy to the Secretary, written notification of each rescission of a Prepayment Election (each such notification being an “"Election Rescission Notice”") specifying the particular Advance for which the Borrower wishes to rescind such Prepayment Election, which specification must make reference to the particular “"Advance Identifier” " (as that term is defined in the Note Purchase Agreement) that FFB assigned to such Advance (as provided in the Note Purchase Agreement). The Election Rescission Notice may be delivered by facsimile transmission to FFB at (000) 000-0000 or at such other facsimile number or numbers as FFB may from time to time communicate to the Borrower. (c) To be effective, an Election Rescission Notice must be received by FFB not later than 3:30 p.m. (Washington, DC, time) on the second Business Day before the Intended Prepayment Date. (d) In the event that the Borrower (1) makes a Prepayment Election in accordance with paragraph 15 of this Note, (2) does not rescind such Prepayment Election in accordance with this paragraph 16, and (3) does not, before 3:00 p.m. (Washington, DC, time) on the Intended Prepayment Date, pay to FFB the Prepayment Price described in paragraph 15(d) of this Note, then a Late Charge shall accrue on any such unpaid amount from the Intended Prepayment Date to the date on which payment is made, computed in accordance with the principles of paragraph 12 11 of this Note.

Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices. (a) The Borrower may rescind any Prepayment Election made in accordance with paragraph 15 14 of this Note, but only in accordance with this paragraph 1615. (b) The Borrower shall deliver to FFB, with a copy to the Secretary, FFB written notification of each rescission of a Prepayment Election (each such notification being an “"Election Rescission Notice”") specifying the particular Advance for which the Borrower wishes to rescind such Prepayment Election, which specification must make reference to the particular “"Advance Identifier” " (as that term is defined in the Note Purchase Agreement) that FFB assigned to such Advance (as provided in the Note Purchase Agreement). The Election Rescission Notice may be delivered by facsimile transmission to FFB at (000) 000-0000 or at such other facsimile number or numbers as FFB may from time to time communicate to the Borrower. (c) To be effective, an Election Rescission Notice must be received by FFB not later than 3:30 p.m. (Washington, DC, time) on the second Business Day before the Intended Prepayment Date. (d) In the event that the Borrower (1) makes a Prepayment Election in accordance with paragraph 15 14 of this Note, (2) does not rescind such Prepayment Election in accordance with this paragraph 1615, and (3) does not, before 3:00 p.m. (Washington, DC, time) on the Intended Prepayment Date, pay to FFB the Prepayment Price described in paragraph 15(d14(d) of this Note, then a Late Charge shall accrue on any such unpaid amount from the Intended Prepayment Date to the date on which payment is made, computed in accordance with the principles of paragraph 12 11 of this Note.

Rescission of Prepayment Elections; Late Charges for Late Payments of Prepayment Prices. (a) The Borrower Qualified Issuer may rescind any Prepayment Election made in accordance with paragraph 15 14 of this NoteBond, but only in accordance with this paragraph 1615. (b) The Borrower Qualified Issuer shall deliver to FFB, with a copy to the Secretary, FFB written notification of each rescission of a Prepayment Election (each such notification being an “Election Rescission Notice”) specifying the particular Advance for which the Borrower Qualified Issuer wishes to rescind such Prepayment Election, which specification must make reference to the particular “Advance Identifier” (as that term is defined in the Note Bond Purchase Agreement) that FFB assigned to such Advance (as provided in the Note Bond Purchase Agreement). The Election Rescission Notice may be delivered by facsimile transmission to FFB at (000) 000-0000 or at such other facsimile number or numbers as FFB may from time to time communicate to the BorrowerQualified Issuer. (c) To be effective, an Election Rescission Notice must be received by FFB not later than 3:30 p.m. (Washington, DC, time) on the second Business Day before the Intended Prepayment Date. (d) In the event that the Borrower Qualified Issuer (1) makes a Prepayment Election in accordance with paragraph 15 14 of this NoteBond, (2) does not rescind such Prepayment Election in accordance with this paragraph 1615, and (3) does not, before 3:00 p.m. (Washington, DC, time) on the Intended Prepayment Date, pay to FFB the Prepayment Price described in paragraph 15(d14(d) of this NoteBond, then a Late Charge shall accrue on any such unpaid amount from the Intended Prepayment Date to the date on which payment is made, computed in accordance with the principles of paragraph 12 11 of this NoteBond.