Common use of Federal Reserve Bank Clause in Contracts

Federal Reserve Bank. Notwithstanding the foregoing provisions of this Section 11 (without the consent of or notice to the Agent or the Company), any Lender may at any time pledge all or any portion of such Lender's rights under this Agreement and the other Credit Documents to a Federal Reserve Bank or, in the case of any Lender that is a fund, to the trustee of such fund to support the fund's obligations to such trustee; PROVIDED, HOWEVER, that no such pledge or assignment shall release such Lender from such Lender's obligations hereunder or under any other Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Nextera Enterprises Inc)

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Federal Reserve Bank. Notwithstanding the foregoing provisions of this Section 11 (without the consent of or notice to the Administrative Agent or the CompanyBorrower), any Lender may at any time pledge all or any portion of such Lender's rights under this Agreement and the other Credit Documents to a Federal Reserve Bank or, in the case of any Lender that is a fund, to the trustee of such fund to support the fund's obligations to such trustee; PROVIDED, HOWEVER, that no such pledge or assignment shall release such Lender from such LenderXxxxxx's obligations hereunder or under any other Credit Document.

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

Federal Reserve Bank. Notwithstanding the foregoing provisions of this Section 11 (without the consent of or notice to the Agent or the CompanyBorrowers), any Lender may at any time pledge all or any portion of such Lender's rights under this Agreement and the other Credit Documents to a Federal Reserve Bank or, in the case of any Lender that is a fund, to the trustee of such fund to support the fund's obligations to such trustee; PROVIDEDprovided, HOWEVERhowever, that no such pledge or assignment shall release such Lender from such Lender's obligations hereunder or under any other Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Marquee Group Inc)

Federal Reserve Bank. Notwithstanding the foregoing provisions of this Section 11 (without the consent of or notice to the Administrative Agent or the CompanyPrincipal Companies), any Lender may at any time pledge all or any portion of such LenderXxxxxx's rights under this Agreement and the other Credit Documents to a Federal Reserve Bank or, in the case of any Lender that is a fund, to the trustee of such fund to support the fund's obligations to such trustee; PROVIDEDprovided, HOWEVERhowever, that no such pledge or assignment shall release such Lender from such Lender's obligations hereunder or under any other Credit Document.

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

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Federal Reserve Bank. Notwithstanding the foregoing -------------------- provisions of this Section 11 (without the consent of or notice to the Agent or the Company), any Lender may at any time pledge all or any portion of such Lender's rights under this Agreement and the other Credit Documents to a Federal Reserve Bank or, in the case of any Lender that is a fund, to the trustee of such fund to support the fund's obligations to such trustee; PROVIDEDprovided, HOWEVERhowever, that no such pledge or assignment shall release such -------- ------- Lender from such Lender's obligations hereunder or under any other Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Westower Corp)

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