Common use of Assignability to Federal Reserve Bank Clause in Contracts

Assignability to Federal Reserve Bank. Notwithstanding any other provision contained in this Agreement or any other Credit Document to the contrary, any Bank may assign all or any portion of the Loans or Notes held by it to any Federal Reserve Bank or the United States Treasury as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any Operating Circular issued by such Federal Reserve Bank, provided that any payment in respect of such assigned Loans or Notes made by Borrower to or for the account of the assigning and/or pledging Bank in accordance with the terms of this Agreement shall satisfy Borrower's obligations hereunder in respect of such assigned Loans or Notes to the extent of such payment. No such assignment shall release the assigning Bank from its obligations hereunder.

Assignability to Federal Reserve Bank. Notwithstanding any other provision contained in this Agreement or any other Credit Financing Document to the contrary, any Bank Lender may assign all or any portion of the Loans or Notes held by it to any Federal Reserve Bank or the United States Treasury as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any Operating Circular issued by such Federal Reserve Bank, provided that any payment in respect of such assigned Loans or Notes made by Borrower Borrowers to or for the account of the assigning and/or pledging Bank Lender in accordance with the terms of this Agreement shall satisfy Borrower's Borrowers’ obligations hereunder in respect of to such assigned Loans or Notes to the extent of such payment. No such assignment shall release the assigning Bank Lender from its obligations hereunder.

Assignability to Federal Reserve Bank. Notwithstanding any other provision contained in this Agreement or any other Credit Financing Document to the contrary, any Bank Lender may assign all or any portion of the Loans or Notes held by it to any Federal Reserve Bank or the United States Treasury as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System Board and any Operating Circular issued by such Federal Reserve Bank, or to any central bank, provided that any payment in respect of such assigned Loans or Notes made by Borrower to or for the account of the assigning and/or or pledging Bank Lender in accordance with the terms of this Agreement shall satisfy Borrower's ’s obligations hereunder in respect of to such assigned Loans or Notes to the extent of such payment. No such assignment shall release the assigning Bank Lender from its obligations hereunder.

Assignability to Federal Reserve Bank. Notwithstanding any other provision contained in this Agreement or any other Credit Financing Document to the contrary, any Bank Lender may assign all or any portion of the Loans or Notes held by it to any Federal Reserve Bank or the United States Treasury as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any Operating Circular issued by such Federal Reserve Bank, provided that any payment in respect of such assigned Loans or Notes made by Borrower to or for the account of the assigning and/or pledging Bank Lender in accordance with the terms of this Agreement shall satisfy Borrower's obligations hereunder in respect of to such assigned Loans or Notes to the extent of such payment. No such assignment shall release the assigning Bank Lender from its obligations hereunder.