Common use of Xxxxx Xxxx Clause in Contracts

Xxxxx Xxxx. If an Interest Rate Basis for this Note is the X.X. Xxxxx Xxxx, as specified on the face hereof (or, if this Note is in global form, in the Pricing Supplement), the X.X. Xxxxx Xxxx shall be determined as of the applicable Interest Determination Date (a "X.X. Xxxxx Interest Determination Date") as the rate in the high grade weekly index (the "Weekly Index") on such date made available by Xxxxx Information Systems ("Xxxxx") to the Calculation Agent. The Weekly Index Maturity is, and shall be, based upon 30-day yield evaluations at par of bonds, the interest of which is exempt from Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), of not less than five high grade component issuers selected by Xxxxx which shall include, without limitation, issuers of general obligation bonds. The specific issuers included among the component issuers may be changed from time to time by Xxxxx in its discretion. The bonds on which the Weekly Index is based shall not include any bonds on which the interest is subject to a minimum tax or similar tax under the Code, unless all tax-exempt bonds are subject to such tax. In the event Xxxxx ceases to make available such Weekly Index, a successor indexing agent will be selected by the Calculation Agent, such index to reflect the prevailing rate for bonds rated in the highest short-term rating category by Xxxxx'x Investors Service, Inc. and Standard & Poor's Ratings Group in respect of issuers most closely resembling the high grade component issuers selected by Xxxxx for its Weekly Index, the interest on which is (i) variable on a weekly basis, (ii) exempt from Federal income taxation under the Code, and (iii) not subject to a minimum tax or similar tax under the Code, unless all tax-exempt bonds are subject to such tax. If such successor indexing agent is not available, the rate for any X.X. Xxxxx Interest Determination Date shall be 67% of the rate determined if the Treasury Rate option had been originally selected.

Xxxxx Xxxx. If an Interest Rate Basis for this Note is specified on --------------- the face hereof as the X.X. Xxxxx Xxxx, as specified on the face hereof (or, if this Note is in global form, in the Pricing Supplement), the X.X. Xxxxx Xxxx shall be determined as of the applicable Interest Determination Date (a "X.X. Xxxxx Interest Determination Date") as the rate specified in the high grade weekly index (the "Weekly Index") on such date X.X. Xxxxx Interest Determination Date made available by Xxxxx Information Systems ("Xxxxx") to the Calculation Agent. The Weekly Index Maturity is, and shall be, is based upon on 30-day yield evaluations at par of bonds, the interest of which is exempt from Federal federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), of not less than five high grade component issuers selected by Xxxxx Xxxxx, which shall include, without limitation, issuers of general obligation bonds. The specific issuers to be included among the component issuers may be changed from time to time by Xxxxx in at its discretion. The bonds on which the Weekly Index is based shall do not include any bonds on which the interest is subject to a minimum tax or similar tax under the Code, Code unless all tax-exempt bonds are subject to such tax. In the event Xxxxx ceases to make available such Weekly Index, a successor indexing agent will be selected by the Calculation Agent, such index to reflect the prevailing rate for bonds rated in the highest short-short- term rating category by Xxxxx'x Investors Service, Inc. and Standard & Poor's Ratings Group in respect of issuers most closely resembling the high grade component issuers selected by Xxxxx for its Weekly Index, the interest on which is (ia) variable on a weekly basis, (iib) exempt from Federal federal income taxation under the Code, Code and (iiic) not subject to a minimum tax or similar tax under the Code, unless all tax-exempt bonds are subject to such tax. If such a successor indexing agent is not available, the rate for any X.X. Xxxxx Interest Determination Date shall be will equal 67% of the rate determined if calculated using methodology set forth below under "Treasury Rate." The Calculation Agent shall calculate the Treasury X.X. Xxxxx Xxxx in accordance with the foregoing. At the request of a holder of a Floating Rate option had been originally selectedNote bearing interest at the X.X. Xxxxx Xxxx, the Calculation Agent will provide such holder with the interest rate that will become effective as of the next Interest Reset Date.

Xxxxx Xxxx. If an Interest Rate Basis for this Note is specified on --------------- the face hereof as the X.X. Xxxxx Xxxx, as specified on the face hereof (or, if this Note is in global form, in the Pricing Supplement), the X.X. Xxxxx Xxxx shall be determined as of the applicable Interest Determination Date (a "X.X. Xxxxx Interest Determination Date") as the rate specified in the high grade weekly index (the "Weekly Index") on such date X.X. Xxxxx Interest Determination Date made available by Xxxxx Information Systems ("Xxxxx") to the Calculation Agent. The Weekly Index Maturity is, and shall be, is based upon on 30-day yield evaluations at par of bonds, the interest of which is exempt from Federal federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), of not less than five high grade component issuers selected by Xxxxx Xxxxx, which shall include, without limitation, issuers of general obligation bonds. The specific issuers to be included among the component issuers may be changed from time to time by Xxxxx in at its discretion. The bonds on which the Weekly Index is based shall do not include any bonds on which the interest is subject to a minimum tax or similar tax under the Code, Code unless all tax-exempt bonds are subject to such tax. In the event Xxxxx ceases to make available such Weekly Index, a successor indexing agent will be selected by the Calculation Agent, such index to reflect the prevailing rate for bonds rated in the highest short-term rating category by Xxxxx'x Investors Service, Inc. and Standard & Poor's Ratings Group in respect of issuers most closely resembling the high grade component issuers selected by Xxxxx for its Weekly Index, the interest on which is (ia) variable on a weekly basis, (iib) exempt from Federal federal income taxation under the Code, Code and (iiic) not subject to a minimum tax or similar tax under the Code, unless all tax-tax- exempt bonds are subject to such tax. If such a successor indexing agent is not available, the rate for any X.X. Xxxxx Interest Determination Date shall be will equal 67% of the rate determined if calculated using methodology set forth below under "Treasury Rate." The Calculation Agent shall calculate the Treasury X.X. Xxxxx Xxxx in accordance with the foregoing. At the request of a holder of a Floating Rate option had been originally selectedNote bearing interest at the X.X. Xxxxx Xxxx, the Calculation Agent will provide such holder with the interest rate that will become effective as of the next Interest Reset Date.