Common use of Federal Reserve Banks Clause in Contracts

Federal Reserve Banks. Fed Book-Entry Debt Securities shall be issued and settled through the Fed-Book-Entry System in same-day funds and shall be held by designated Holding Institutions. After initial issue, all Fed Book-Entry Debt Securities shall continue to be held by such Holding Institutions in the Fed Book-Entry System unless arrangements are made for the transfer thereof to another Holding Institution. Fed Book-Entry Debt Securities shall not be exchangeable for definitive Debt Securities.

Appears in 34 contracts

Samples: Global Debt Facility Agreement (Federal Home Loan Mortgage Corp), Global Debt Facility Agreement (Federal Home Loan Mortgage Corp), Global Debt Facility Agreement (Federal Home Loan Mortgage Corp)

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Federal Reserve Banks. Fed Book-Entry Debt Securities shall be issued and settled through the Fed-Book-Entry System in same-day funds and shall be held by designated Holding Institutions. After initial issue, all Fed Book-Entry Debt Securities shall continue to be held by such Holding Institutions in the Fed Book-Entry System unless arrangements are made for the transfer thereof to another Holding Institution. Fed Book-Entry Debt Securities shall not be exchangeable for definitive defin- itive Debt Securities.

Appears in 3 contracts

Samples: Federal Home Loan Mortgage Corporation Global Debt Facility Agreement, Federal Home Loan Mortgage Corporation Global Debt Facility Agreement, Federal Home Loan Mortgage Corporation Global Debt Facility Agreement

Federal Reserve Banks. Fed Book-Entry Debt Securities shall be issued and settled through the Fed-Book-Entry System in same-day funds and shall be held by designated Holding Institutions. After initial issue, all Fed Book-Entry Debt Securities shall continue to be held by such Holding Institutions in the Fed Book-Entry System unless arrangements are made for the transfer thereof to another Holding Institution. Fed Book-Entry Debt Securities shall not be exchangeable for definitive Debt Securities.

Appears in 1 contract

Samples: Global Debt Facility Agreement

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Federal Reserve Banks. Fed Book-Entry Debt Securities shall be issued and settled through the Fed-Fed Book-Entry System in same-day funds and shall be held by designated Holding Institutions. After initial issue, all Fed Book-Entry Debt Securities shall continue to be held by such Holding Institutions in the Fed Book-Entry System unless arrangements are made for the transfer thereof to another Holding Institution. Fed Book-Entry Debt Securities shall not be exchangeable for definitive Debt Securities.

Appears in 1 contract

Samples: Federal Home Loan Mortgage Corporation

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