Common use of Assignment to Federal Reserve Bank Clause in Contracts

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 5 contracts

Samples: Loan Agreement (Layne Christensen Co), Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/)

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Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 4 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp), Credit Facilities Agreement (Young Innovations Inc)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 2 contracts

Samples: Credit Facilities Agreement (Dt Industries Inc), Credit Agreement (Davel Communications Group Inc)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth Anything in this Agreement, without consent of Borrower or Administrative AgentSection 11.06 to the contrary notwithstanding, any Lender may at (without notice to the Borrower, either Agent or any time other Lender, and without payment of any fee) assign and pledge all or any portion of its Loans and its Note Notes to any Federal Reserve Bank 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. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Ormat Technologies, Inc.), Credit Agreement (Ormat Technologies, Inc.)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bankpursuant. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Facilities Agreement (MTM Technologies, Inc.)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Insight Enterprises Inc)

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Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board and any Operating Circular issued by such Federal Reserve Bank or any Federal Home Loan Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Insight Enterprises Inc)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board and any Operating Circular issued by such Federal Reserve Bank, or any Federal Home Loan Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Insight Enterprises Inc)

Assignment to Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, without consent of Borrower or Administrative Agent, any Lender may at any time assign and pledge all or any portion of its Loans and its Note Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A of the Federal Reserve Regulations and any Operating Circular issued by such Federal Reserve Bank, or as otherwise required by any Law or governmental authority. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Western Power & Equipment Corp)

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