Representations of ▇▇▇▇▇▇ Mac and the Purchaser Clause Samples

Representations of ▇▇▇▇▇▇ Mac and the Purchaser. Each of ▇▇▇▇▇▇ 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: (a) 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 Bond Documents to which it is a party and for its obligations and agreements under the Bond Documents to constitute valid and binding obligations of ▇▇▇▇▇▇ Mac and the Purchaser; and in particular the terms of the transaction, and the actions taken by ▇▇▇▇▇▇ 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 no approval, consent, or authorization is required to be obtained or given, as the case may be, with, from or by the Farm Credit Administration or any other regulatory agency having jurisdiction over ▇▇▇▇▇▇ Mac to authorize the execution and delivery by ▇▇▇▇▇▇ Mac of this Agreement, any of the other Bond Documents or the applicable Pricing Agreement; and (b) The Purchaser is purchasing the Bonds for its own account and not with a view to the distribution thereof, provided that the disposition by ▇▇▇▇▇▇ Mac or the Purchaser of their property shall at all times be within their control. ▇▇▇▇▇▇ Mac and the Purchaser each understands that the Bonds have not been registered under the Securities Act of 1933, as amended, and may be resold only if an exemption from registration is available.

Representations of ▇▇▇▇▇▇ Mac and the Purchaser. Each of ▇▇▇▇▇▇ Mac and the Purchaser jointly and severally represent to National Rural that on the date hereof, on the date of each Supplemental Note Purchase Agreement and on each date on which the Purchaser purchases a Note from National Rural: