Common use of Consequences of an Automatic Termination Event Declaration Date Clause in Contracts

Consequences of an Automatic Termination Event Declaration Date. If an Automatic Termination Event Declaration Date has occurred, then without further action by any FHLBank or the FHFA: (i) the date of the Automatic Termination Event Declaration Date shall be an Allocation Termination Date; and (ii) one year from the date of the Automatic Termination Event Declaration Date shall be a Restriction Termination Date.

Appears in 3 contracts

Samples: Joint Capital Enhancement Agreement (Federal Home Loan Bank of Chicago), Joint Capital Enhancement Agreement (Federal Home Loan Bank of Atlanta), Joint Capital Enhancement Agreement (Federal Home Loan Bank of San Francisco)

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Consequences of an Automatic Termination Event Declaration Date. If an Automatic Termination Event Declaration Date has occurred, then without further action by any FHLBank or the FHFA: (i) the date of the Automatic Termination Event Declaration Date shall be an Allocation Termination Date; and (ii) one year from the date of the Automatic Termination Event Declaration Date shall be a Restriction Termination Date.. V. Implementation Process

Appears in 1 contract

Samples: www.sec.gov

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