Common use of Sale of Note Clause in Contracts

Sale of Note. Subject to the terms of this Agreement, the Borrower will sell to the Corporation and the Corporation will purchase from the Borrower the Note in the principal amount of $150,000,000 at a price of 100% of such principal amount. The sale of the Note will take place immediately after the execution and delivery of this Agreement and upon the delivery, (a) by the Borrower to the Corporation of the Note, duly executed and dated May 3, 2000, together with all such assignments, documents and other instruments as may be required by the Corporation to enable it to effect the issuance of Series X Debentures referred to in Section 1, and (b) by the Corporation to the Borrower of a certified or official bank check or checks in clearing house funds (or in such other form as shall be acceptable to the Borrower) in an amount equal to $150,000,000; provided, however, that the obligation of the Corporation to purchase the Note shall be subject to the condition that, concurrently with the closing in respect of such purchase, the Corporation shall have issued and sold, and shall have received payment for, Series X Debentures in an aggregate principal amount equal to the sum of the principal amount of the Note.

Sale of Note. Subject to the terms of this Agreement, the Borrower will sell to the Corporation and the Corporation will purchase from the Borrower the Note in the principal amount of $150,000,000 75,000,000 at a price of 100% of such principal amount. The sale of the Note will take place immediately after the execution and delivery of this Agreement and upon the delivery, (a) by the Borrower to the Corporation of the Note, duly executed and dated May 3February 15, 2000, together with all such assignments, documents and other instruments as may be required by the Corporation to enable it to effect the issuance of Series X W Debentures referred to in Section 1, and (b) by the Corporation to the Borrower of a certified or official bank check or checks in clearing house funds (or in such other form as shall be acceptable to the Borrower) in an amount equal to $150,000,00075,000,000; provided, however, that the obligation of the Corporation to purchase the Note shall be subject to the condition that, concurrently with the closing in respect of such purchase, the Corporation shall have issued and sold, and shall have received payment for, Series X W Debentures in an aggregate principal amount equal to the sum of the principal amount of the Note.

Sale of Note. Subject to the terms of this Agreement, the Borrower will sell to the Corporation and the Corporation will purchase from the Borrower the Note in the principal amount of $150,000,000 75,000,000 at a price of 100% of such principal amount. The sale of the Note will take place immediately after the execution and delivery of this Agreement and upon the delivery, (a) by the Borrower to the Corporation of the Note, duly executed and dated May 3July 16, 20001998, together with all such assignments, documents and other instruments as may be required by the Corporation to enable it to effect the issuance of Series X S Debentures referred to in Section 1, and (b) by the Corporation to the Borrower of a certified or official bank check or checks in clearing house funds (or in such other form as shall be acceptable to the Borrower) in an amount equal to $150,000,00075,000,000; provided, however, that the obligation of the Corporation to purchase the Note shall be subject to the condition that, concurrently with the closing in respect of such purchase, the Corporation shall have issued and sold, and shall have received payment for, Series X S Debentures in an aggregate principal amount equal to the sum of the principal amount of the Note.

Sale of Note. Subject to the terms of this Agreement, the Borrower will sell to the Corporation and the Corporation will purchase from the Borrower the Note in the principal amount of $150,000,000 75,000,000 at a price of 100% of such principal amount. The sale of the Note will take place immediately after the execution and delivery of this Agreement and upon the delivery, (a) by the Borrower to the Corporation of the Note, duly executed and dated May 3July 16, 20001998, together with all such assignments, documents and other instruments as may be required by the Corporation to enable it to effect the issuance of Series X T Debentures referred to in Section 1, and (b) by the Corporation to the Borrower of a certified or official bank check or checks in clearing house funds (or in such other form as shall be acceptable to the Borrower) in an amount equal to $150,000,00075,000,000; provided, however, that the obligation of the Corporation to purchase the Note shall be subject to the condition that, concurrently with the closing in respect of such purchase, the Corporation shall have issued and sold, and shall have received payment for, Series X T Debentures in an aggregate principal amount equal to the sum of the principal amount of the Note.

Sale of Note. Subject to the terms of this Agreement, the Borrower will sell to the Corporation and the Corporation will purchase from the Borrower the Note in the principal amount of $150,000,000 75,000,000 at a price of 100% of such principal amount. The sale of the Note will take place immediately after the execution and delivery of this Agreement and upon the delivery, (a) by the Borrower to the Corporation of the Note, duly executed and dated May 3February 15, 2000, together with all such assignments, documents and other instruments as may be required by the Corporation to enable it to effect the issuance of Series X V Debentures referred to in Section 1, and (b) by the Corporation to the Borrower of a certified or official bank check or checks in clearing house funds (or in such other form as shall be acceptable to the Borrower) in an amount equal to $150,000,00075,000,000; provided, however, that the obligation of the Corporation to purchase the Note shall be subject to the condition that, concurrently with the closing in respect of such purchase, the Corporation shall have issued and sold, and shall have received payment for, Series X V Debentures in an aggregate principal amount equal to the sum of the principal amount of the Note.

Sale of Note. Subject to the terms of this Agreement, the Borrower will sell to the Corporation and the Corporation will purchase from the Borrower the Note in the principal amount of $150,000,000 85,000,000 at a price of 100100.0287% of such principal amount. The sale of the Note will take place immediately after the execution and delivery of this Agreement and upon the delivery, (a) by the Borrower to the Corporation of the Note, duly executed and dated May 3December 15, 20001999, together with all such assignments, documents and other instruments as may be required by the Corporation to enable it to effect the issuance of Series X U Debentures referred to in Section 1, and (b) by the Corporation to the Borrower of a certified or official bank check or checks in clearing house funds (or in such other form as shall be acceptable to the Borrower) in an amount equal to $150,000,00085,024,400; provided, however, that the obligation of the Corporation to purchase the Note shall be subject to the condition that, concurrently with the closing in respect of such purchase, the Corporation shall have issued and sold, and shall have received payment for, Series X U Debentures in an aggregate principal amount equal to the sum of the principal amount of the Note.