Common use of Federal Reserve Bank Clause in Contracts

Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, any Lender may at any time assign and pledge all or any portion of its Loans to any Federal Reserve Bank as collateral security pursuant to Regulation A and any operating circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (PLM Equipment Growth Fund V), Loan Agreement (PLM Equipment Growth Fund Vi)

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Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, any Lender Bank may at any time assign and pledge all or any portion of its Loans Advance and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any operating circular Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender Bank from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Semco Energy Inc)

Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, any Lender Bank may at any time assign and pledge all or any portion of its Loans Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any operating circular Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender Bank from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Monro Muffler Brake Inc)

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Federal Reserve Bank. Notwithstanding any other provision set forth in this Agreement, any Lender Bank may at any time assign and pledge all or any portion of its Loans Advances and its Note to any Federal Reserve Bank as collateral security pursuant to Regulation A and any operating circular Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender Bank from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Advance Paradigm Inc)

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