Common use of Assignment to Federal Reserve Bank Clause in Contracts

Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 23, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (a) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge and (b) in no event shall such Federal Reserve Bank be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunder.

Appears in 3 contracts

Samples: Agreement (Citigroup Inc), 2 Term Facility Agreement (Citigroup Inc), Agreement (Citigroup Inc)

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Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2326, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any a United States Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (ai) no Lender shall be relieved of any of its obligations hereunder under this Agreement as a result of any such assignment and pledge and (bii) in no event shall such United States Federal Reserve Bank be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunderunder this Agreement.

Appears in 2 contracts

Samples: Agreement (Misys PLC), Agreement (Misys PLC)

Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2325, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (ai) no Lender shall be relieved of any of its obligations hereunder under this Agreement as a result of any such assignment and pledge and (bii) in no event shall such Federal Reserve Bank be considered to be a "Lender" Lender or be entitled to require the assigning Lender to take or omit to take any action hereunderunder this Agreement.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2326, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (ai) no Lender shall be relieved of any of its obligations hereunder under this Agreement as a result of any such assignment and pledge and (bii) in no event shall such Federal Reserve Bank be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunderunder this Agreement.

Appears in 1 contract

Samples: Facility Agreement (Waterford Wedgwood PLC)

Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2324, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (ai) no Lender shall be relieved of any of its obligations hereunder under this Agreement as a result of any such assignment and pledge and (bii) in no event shall such Federal Reserve Bank be considered to be a "Lender" Lender or be entitled to require the assigning Lender to take or omit to take any action hereunderunder this Agreement.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

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Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2327, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, provided that, (ai) no Lender shall shall, as between the Borrowers and such Lender, be relieved relived of any of its obligations hereunder as a result of any such assignment and pledge and (bii) in no event shall such Federal Reserve Bank be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunder.

Appears in 1 contract

Samples: Facilities Agreement (Benfield Greig Group PLC)

Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2324, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (a) no Lender shall shall, as between the relevant Borrower and such Lender, be relieved of any of its obligations hereunder as a result of any such assignment and pledge and (b) in no event shall such Federal Reserve Bank be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunder.

Appears in 1 contract

Samples: Agreement (Signet Group PLC)

Assignment to Federal Reserve Bank. In addition to any other assignments or participation rights provided in this Clause 2324, each Lender may assign and pledge all or any portion of its Loans and the other obligations owed to such Lender, without notice to or consent of any Party, to any a United States Federal Reserve Bank pursuant to Regulation A of the Board of Governors of the Federal Reserve Bank and any operating circular issued by such Federal Reserve Bank; provided, however, that, (ai) no Lender shall be relieved of any of its obligations hereunder under this Agreement as a result of any such assignment and pledge and (bii) in no event shall such United States Federal Reserve Bank be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunderunder this Agreement.

Appears in 1 contract

Samples: Agreement (Misys PLC)

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