SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

National Rural Utilities Cooperative Finance Corp/DC – ‘10-Q’ for 11/30/14 – ‘EX-10.6’

On:  Wednesday, 1/14/15, at 1:05pm ET   ·   For:  11/30/14   ·   Accession #:  70502-15-23   ·   File #:  1-07102

Previous ‘10-Q’:  ‘10-Q’ on 10/14/14 for 8/31/14   ·   Next:  ‘10-Q’ on 4/13/15 for 2/28/15   ·   Latest:  ‘10-Q’ on 4/12/24 for 2/29/24   ·   4 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 1/14/15  Nat’l Rural Utilities Co… Corp/DC 10-Q       11/30/14   79:24M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.43M 
 2: EX-10.1     Series H Bond Purchase Agreement                    HTML    435K 
 3: EX-10.2     Supplement No. 2 to Amended, Restated and           HTML     35K 
                Consolidated Bond Guarantee Agreement                            
 4: EX-10.3     Series H Future Advance Bond                        HTML    202K 
 5: EX-10.4     Amendment No.3 to Rca Expiring on October 21, 2015  HTML    362K 
 6: EX-10.5     Amendment No.3 to Rca Expiring on October 21, 2016  HTML    298K 
 7: EX-10.6     Amended and Restated First Supplemental Note        HTML     33K 
                Purchase Agreement                                               
 8: EX-12       Computations of Ratio of Earnings to Fixed Charges  HTML     44K 
 9: EX-31.1     Section 302 CEO Certification                       HTML     29K 
10: EX-31.2     Section 302 CFO Certification                       HTML     28K 
11: EX-32.1     Section 906 CEO Certification                       HTML     23K 
12: EX-32.2     Section 906 CFO Certification                       HTML     23K 
57: R1          Document and Entity Information                     HTML     40K 
47: R2          Consolidated Balance Sheets                         HTML    154K 
55: R3          Consolidated Statements of Operations               HTML     93K 
59: R4          Consolidated Statements of Comprehensive Income     HTML     52K 
74: R5          Consolidated Statement of Changes in Equity         HTML     71K 
49: R6          Consolidated Statements of Cash Flows               HTML    157K 
54: R7          Summary of Significant Accounting Policies          HTML     99K 
43: R8          Investment Securities                               HTML     61K 
34: R9          Loans and Commitments                               HTML    634K 
75: R10         Foreclosed Assets                                   HTML     54K 
61: R11         Short-Term Debt and Credit Arrangements             HTML     89K 
60: R12         Long-Term Debt                                      HTML     66K 
65: R13         Subordinated Deferrable Debt                        HTML     25K 
66: R14         Derivative Financial Instruments                    HTML    162K 
64: R15         Equity                                              HTML     31K 
67: R16         Guarantees                                          HTML     68K 
56: R17         Fair Value Measurement                              HTML     65K 
58: R18         Fair Value of Financial Instruments                 HTML    158K 
63: R19         Segment Information                                 HTML    301K 
79: R20         Summary of Significant Accounting Policies          HTML    107K 
                (Policies)                                                       
70: R21         Summary of Significant Accounting Policies          HTML     85K 
                (Tables)                                                         
51: R22         Investment Securities (Tables)                      HTML     61K 
62: R23         Loans and Commitments (Tables)                      HTML    641K 
53: R24         Foreclosed Assets (Tables)                          HTML     40K 
28: R25         Short-Term Debt and Credit Arrangements (Tables)    HTML     87K 
71: R26         Long-Term Debt (Tables)                             HTML     62K 
76: R27         Derivative Financial Instruments (Tables)           HTML    205K 
38: R28         Guarantees (Tables)                                 HTML     57K 
37: R29         Fair Value Measurement (Tables)                     HTML     54K 
41: R30         Fair Value of Financial Instruments (Tables)        HTML    140K 
42: R31         Segment Information (Tables)                        HTML    296K 
44: R32         Summary of Significant Accounting Policies          HTML     50K 
                (Details)                                                        
25: R33         Summary of Significant Accounting Policies -        HTML     56K 
                Interest Income Table (Details)                                  
68: R34         Summary of Significant Accounting Policies -        HTML     59K 
                Interest Expense Table (Details)                                 
50: R35         Investment Securities (Details)                     HTML     61K 
52: R36         Loans and Commitments (Details)                     HTML     93K 
31: R37         Loans and Commitments (Details 2)                   HTML     62K 
78: R38         Loans and Commitments (Details 3)                   HTML    105K 
19: R39         Loans and Commitments (Details 4)                   HTML     81K 
45: R40         Loans and Commitments (Details 8)                   HTML    119K 
73: R41         Loans and Commitments (Details 9)                   HTML    150K 
30: R42         Loans and Commitments (Details 10)                  HTML    144K 
36: R43         Loans and Commitments (Details 11)                  HTML     50K 
40: R44         Loans and Commitments (Details 12)                  HTML     70K 
48: R45         Foreclosed Assets (Details)                         HTML     91K 
24: R46         Short-Term Debt and Credit Arrangements -           HTML     46K 
                Short-Term Debt Table (Details)                                  
33: R47         Short-Term Debt and Credit Arrangements (Details    HTML     90K 
                2)                                                               
21: R48         Long-Term Debt - Long-Term Debt Table (Details)     HTML     74K 
72: R49         Long-Term Debt (Details)                            HTML     69K 
29: R50         Subordinated Deferrable Debt (Details)              HTML     29K 
69: R51         Derivative Financial Instruments (Details)          HTML    210K 
32: R52         Equity (Details)                                    HTML     39K 
46: R53         Guarantees (Details)                                HTML     82K 
20: R54         Guarantees - Guarantee Liability (Details 2)        HTML     43K 
23: R55         Fair Value Measurement (Details)                    HTML     98K 
39: R56         Fair Value of Financial Instruments (Details)       HTML    171K 
26: R57         Segment Information (Details)                       HTML    240K 
77: XML         IDEA XML File -- Filing Summary                      XML    109K 
22: EXCEL       IDEA Workbook of Financial Reports                  XLSX    395K 
35: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   3.84M 
13: EX-101.INS  XBRL Instance -- nru-20141130                        XML   5.57M 
15: EX-101.CAL  XBRL Calculations -- nru-20141130_cal                XML    236K 
16: EX-101.DEF  XBRL Definitions -- nru-20141130_def                 XML    829K 
17: EX-101.LAB  XBRL Labels -- nru-20141130_lab                      XML   1.82M 
18: EX-101.PRE  XBRL Presentations -- nru-20141130_pre               XML   1.10M 
14: EX-101.SCH  XBRL Schema -- nru-20141130                          XSD    207K 
27: ZIP         XBRL Zipped Folder -- 0000070502-15-000023-xbrl      Zip    354K

‘EX-10.6’   —   Amended and Restated First Supplemental Note Purchase Agreement

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Exhibit 10.6 Amended and restated first supplemental note purchase agreement  


AMENDED AND RESTATED
FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT
AMENDED AND RESTATED FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT, dated as of January 8, 2015 (this “Supplemental Note Purchase Agreement”), among Farmer Mac Mortgage Securities Corporation (the “Purchaser”), a wholly owned subsidiary of FEDERAL AGRICULTURAL MORTGAGE CORPORATION, a federally-chartered instrumentality of the United States and an institution of the Farm Credit System (“Farmer Mac” or the “Guarantor”); NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION, a cooperative association existing under the laws of the District of Columbia (“National Rural”); and Farmer Mac, as Guarantor.
RECITALS
WHEREAS National Rural, the Purchaser and the Guarantor have heretofore executed and delivered the Amended and Restated Master Note Purchase Agreement dated as of March 24, 2011, among National Rural, the Purchaser and the Guarantor (the “Master Agreement”);
WHEREAS, pursuant to the Master Agreement, National Rural, the Purchaser and the Guarantor entered into the First Supplemental Note Purchase Agreement dated as of March 24, 2011 (the “Original Supplement”), providing for the terms of a series of Notes issued by National Rural and purchased by the Purchaser; and
WHEREAS, the parties wish to amend and restate the Original Supplement, as provided herein.
NOW, THEREFORE, in consideration of the mutual agreements herein contained, Farmer Mac, the Purchaser and National Rural agree as follows:
1.    Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Master Agreement.

2.Title of Series. The Pricing Agreement for any Notes and each such Note issued hereunder on or after the date hereof may identify the name (if any name is designated) of such series of Notes. Failure to make a notation of the name of a series within any Pricing Agreement or on the applicable Note shall not affect the validity and effect of such Note.

3.Purchase of Notes. The Purchaser agrees to purchase Notes, at 100% of their principal amount, from time to time during the Draw Period, as requested by National Rural by written notice or notice given by electronic mail to Farmer Mac at Robert_Owens@farmermac.com, or such other address as may be provided in writing (each, a “Notice of Borrowing”), in an aggregate principal amount, for all Notes issued prior to the date hereof or to be issued under this Supplemental Note Purchase Agreement at any one time, not in excess of $4.5 billion (the “Maximum Purchase Amount”), subject to the conditions set forth in the Master Agreement. For purposes hereof, “Draw Period” means the period from the date hereof through January 11, 2020; provided, however, on January 11th of each year beginning January 11, 2020, the Draw Period shall be deemed automatically extended for one (1) additional year without further action, unless at least sixty (60) days prior to any such anniversary date, Farmer Mac or the Purchaser provides National Rural with written notice that the Draw Period will not be extended beyond the then-remaining term. National Rural may borrow, repay (subject to the terms of the applicable Notes being repaid) and reborrow funds at any time or from time to time during the Draw Period. Each borrowing under this Supplemental Note Purchase Agreement (or, in the case of Notes issued prior to the date hereof, the applicable Original Note




Purchase Agreement and/or Original Supplement) shall be made in accordance with the Note applicable thereto.
Each advance under this Supplemental Note Purchase Agreement shall be disbursed in a minimum amount of $50 million and additional increments of $5 million in excess thereof or such other amounts as agreed to in the applicable Pricing Agreement.
4.    Amendment and Restatement. This Supplemental Note Purchase Agreement amends and restates in its entirety all of the terms, conditions and provisions of the Original Supplement.
5.GOVERNING LAW. EXCEPT AS SET FORTH IN SECTION 9.01 OF THE MASTER AGREEMENT, THIS Supplemental Note Purchase AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, FEDERAL LAW. TO THE EXTENT FEDERAL LAW INCORPORATES STATE LAW, THAT STATE LAW SHALL BE THE LAWS OF THE DISTRICT OF COLUMBIA APPLICABLE TO CONTRACTS MADE AND PERFORMED THEREIN.
6.Counterparts. This Supplemental Note Purchase Agreement may be executed in two or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument.
7.Inconsistency. In the event of any inconsistency between the terms of this Supplemental Note Purchase Agreement and the Master Agreement, the terms of this Supplemental Note Purchase Agreement shall apply.


[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]





IN WITNESS WHEREOF, each party hereto has caused this Supplemental Note Purchase Agreement to be executed by an authorized officer as of the day and year first above written.
                            
FARMER MAC MORTGAGE SECURITIES CORPORATION
 
 
By:
R. DALE LYNCH
Name:
R. Dale Lynch
Title:
Vice President and Treasurer
 
 

                            
FEDERAL AGRICULTURAL
MORTGAGE CORPORATION
 
 
By:
R. DALE LYNCH
Name:
R. Dale Lynch
Title:
Senior Vice President - Chief Financial Officer


                            
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
 
 
By:
J. ANDREW DON
Name:
J. Andrew Don
Title:
Senior Vice President and
Chief Financial Officer





Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
1/11/20
Filed on:1/14/15
1/8/15424B3
For Period end:11/30/14
3/24/11CORRESP
 List all Filings 

4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/02/23  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/23  109:21M
 8/08/22  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/22  111:23M
 7/30/21  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/21  120:26M
 8/05/20  Nat’l Rural Utilities Co… Corp/DC 10-K        5/31/20  110:24M
↑Top
Filing Submission 0000070502-15-000023   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Thu., May 16, 10:40:35.1am ET