Common use of Bank Bonds Clause in Contracts

Bank Bonds. The Bonds purchased pursuant to Article II hereof will be transferred to or held for the benefit of the Bank, free and clear of all liens, security interests or claims of any Person other than the Bank, except for consensual liens or other security interests as may be created by the Bank.

Bank Bonds. The Bonds purchased pursuant to Article II hereof Two will be transferred to or held for the benefit of the Bank, Bank free and clear of all liens, security interests or claims of any Person other than the Bank, except for consensual liens or other security interests as may be created by the Bank.