Common use of AGREEMENT CONSTITUTES ENTIRE AGREEMENT Clause in Contracts

AGREEMENT CONSTITUTES ENTIRE AGREEMENT. Except as set forth in this paragraph, this Agreement, together with any related applications and agreements, embodies the entire agreement and understanding between the parties hereto relating to the subject matter hereof and supersedes all prior agreements between such parties that relate to that subject matter. Letters of credit issued by the Bank to the Member prior to the execution of this Agreement shall continue to be governed exclusively by the terms of the prior agreements pursuant to which such letters of credit were issued, except that (i) any default thereunder shall constitute default hereunder, (ii) collateral furnished as security hereunder shall also secure such prior letter of credit and (iii) the rights and obligations with respect to such collateral shall be governed by the terms of this Agreement.

AGREEMENT CONSTITUTES ENTIRE AGREEMENT. Except as set forth in this paragraph, this Agreement, together with any related applications and agreementsapplicable applications, embodies the entire agreement and understanding between the parties hereto relating to the subject matter hereof and supersedes all prior agreements between such parties that relate to that subject matter. Letters of credit issued by the Bank to the Member Customer prior to the execution of this Agreement shall continue to be governed exclusively by the terms of the prior agreements pursuant to which such letters letter of credit were issued, except that (i) any default thereunder shall constitute default hereunder, (ii) collateral furnished as security hereunder shall also secure such prior letter of credit and (iii) the rights and obligations with respect to such collateral shall be governed by the terms of this Agreement.

AGREEMENT CONSTITUTES ENTIRE AGREEMENT. Except as as. set forth in this paragraph, this Agreement, together with any related applications and agreements, embodies the entire agreement and understanding between the parties hereto relating to the subject matter hereof and supersedes all prior agreements between such parties that relate to that subject matter. Letters of credit issued by the Bank to the Member prior to the execution of this Agreement shall continue to be governed exclusively by the terms of the prior agreements pursuant to which such letters of credit were issued, except that (i) any default thereunder shall constitute default hereunder, (ii) collateral furnished as security hereunder shall also secure such prior letter of credit and (iii) the rights and obligations with respect to such collateral shall be governed by the terms of this Agreement.. MTA - June 2008