Common use of Assignments to Federal Reserve Banks Clause in Contracts

Assignments to Federal Reserve Banks. In addition to the assignments and participations permitted under the foregoing provisions of this Section 11.2, any Lender may (without notice or consent of the Administrative Agent, the Borrowers or any other Person and without payment of any fee) assign and pledge all or any portion of its Loans to any U.S. Federal Reserve Bank or other comparable foreign central bank as collateral security pursuant to Regulation A of the Board of Governors of the U.S. Federal Reserve System or similar foreign regulation and any operating circular issued by such Federal Reserve Bank or other comparable foreign central bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Assignments to Federal Reserve Banks. In addition to the assignments and participations permitted under the foregoing provisions of this Section 11.2, any Lender may (without notice or consent of the Administrative Agent, the Borrowers or any other Person and without payment of any fee) assign and pledge all or any portion of its Loans to any U.S. Federal Reserve Bank or other comparable foreign central bank as collateral security pursuant to Regulation A of the Board of Governors of the U.S. Federal Reserve System or similar foreign regulation and any operating circular issued by such Federal Reserve Bank or other comparable foreign central bank. No such assignment shall release the assigning Lender from its obligations hereunder. Any Lender further may (notice or consent of the Administrative Agent, the Borrowers or any other Person and without payment of any fee) assign and pledge the Loans as collateral security for loans to a Lender.

Assignments to Federal Reserve Banks. In addition to the assignments and participations permitted under the foregoing provisions of this Section 11.2, any Lender may (without notice or consent of the Administrative Agent, the Borrowers or any other Person and without payment of any fee) assign and pledge all or any portion of its Loans to any U.S. Federal Reserve Bank or other comparable foreign central bank as collateral security pursuant to Regulation A of the Board of Governors of the U.S. Federal Reserve System or similar foreign regulation and any operating circular issued by such Federal Reserve Bank or other comparable foreign central bankBank. No such assignment shall release the assigning Lender from its obligations hereunder.