Advance Procedures; Demand Deposit Account. All Advances are subject to and governed by the Member Products Policy, which is incorporated in and made a part of this Agreement. Periodically, the Institution may apply to FHLBank for Advances in accordance with the procedures established by FHLBank. Unless otherwise agreed to in writing by FHLBank, each Advance shall be evidenced by a Confirmation and shall be made by crediting a demand deposit account of the Institution with FHLBank, and payments of interest, principal or other amounts owed to FHLBank shall be made by debiting such account. The Institution shall maintain sufficient available balances in the account to fund all payments due to FHLBank.
Appears in 4 contracts
Samples: Security Agreement (Federal Home Loan Bank of Topeka), Advance, Pledge and Security Agreement (Federal Home Loan Bank of Topeka), And Security Agreement (Federal Home Loan Bank of Topeka)
Advance Procedures; Demand Deposit Account. All Advances are subject to and governed by the Member Products Policy, which is incorporated in and made a part of this Agreement. Periodically, the Institution may apply to FHLBank for Advances in accordance with the procedures established by FHLBank. Unless otherwise agreed to in writing by FHLBank, each Advance shall be evidenced by a Confirmation and shall be made by crediting a demand deposit account of the Institution with FHLBank, FHLBank and payments of interest, principal or other amounts owed to FHLBank shall be made by debiting such account. The Institution shall maintain sufficient available balances in the account to fund all payments due to FHLBank.
Appears in 3 contracts
Samples: Security Agreement (Federal Home Loan Bank of Topeka), And Security Agreement (Federal Home Loan Bank of Topeka), Security Agreement (Federal Home Loan Bank of Topeka)
Advance Procedures; Demand Deposit Account. All Advances are subject to and governed by the Member Products Policy, which is incorporated in and made a part of this Agreement. Periodically, the Institution may apply to FHLBank for Advances in accordance with the procedures established by FHLBank. Unless otherwise agreed to in writing by FHLBank, each Advance shall be evidenced by a Confirmation and shall be made by crediting a demand deposit account of the Institution with FHLBank, FHLBank and payments of interest, principal or other amounts owed to FHLBank shall be made by debiting such account. The Institution shall maintain sufficient available balances in the account to fund all payments due to FHLBank.
Appears in 1 contract
Samples: ING U.S., Inc.
