Common use of Collections, Disbursements to Participant Bank and Administration Clause in Contracts

Collections, Disbursements to Participant Bank and Administration. The collections, distribution, allocation or rescission of payments and any and all administration matters relating to the Participation Interest and the Designated Loans shall be as specified in the FHLB Guide. Administration matters include powers granted to, and obligations of, the Lead Bank or MPF Provider to effectuate the collections, distribution, allocation or rescission of payments relating to the Participation Interest and Designated Loans.