Common use of Federal Reserve System/Wire Transfers Clause in Contracts

Federal Reserve System/Wire Transfers. The obligation of any Lender to make any loan by wire transfer to Borrower or any other Person shall be subject to all Applicable Law, including the policy of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations and policy may delay the transmission of any funds to Borrower.

Appears in 7 contracts

Samples: Loan and Security Agreement (Aerocentury Corp), Loan and Security Agreement (Aerocentury Corp), Credit Agreement (Dts, Inc.)

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Federal Reserve System/Wire Transfers. The obligation of any Credit Facility Lender to make any loan by wire transfer to Borrower or any other Person shall be subject to all Applicable LawLaws, including the policy of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations and policy may delay the transmission of any funds to Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)

Federal Reserve System/Wire Transfers. The obligation of any Lender Lenders or Agent, on behalf of Lenders, to make any loan Loan by wire transfer to Borrower or any other Person shall be subject to all Applicable LawLaws, including the policy of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations and policy may delay the transmission of any funds to Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Federal Reserve System/Wire Transfers. The obligation of any Lender Bank to make any loan Loan by wire transfer to Borrower or any other Person shall be subject to all Applicable LawLaws, including the policy of the Board of Governors of the Federal Reserve System Board on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations regulations, and policy may delay the transmission of any funds to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Overhill Farms Inc)

Federal Reserve System/Wire Transfers. The obligation of any Lender Bank to ------------------------------------- make any loan Loan by wire transfer to Borrower or any other Person shall be subject to all Applicable LawLaws, including the policy of the Board of Governors of the Federal Reserve System Board on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations regulations, and policy may delay the transmission of any funds to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Polyphase Corp)

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Federal Reserve System/Wire Transfers. The obligation of any Lender Bank to make any loan Revolving Loan by wire transfer to Borrower or any other Person shall be subject to all Applicable LawLaws, including the policy of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations and policy may delay the transmission of any funds to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Barbeques Galore LTD)

Federal Reserve System/Wire Transfers. The obligation of any Credit Facility Lender to make any loan by wire transfer to Borrower or any other Person shall be subject to all Applicable LawLaws, including the policy of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk as in effect from time to time. Borrower acknowledges that such laws, regulations and policy may delay the transmission of any funds to Borrower.. -141- Xxxxxx Lease Finance Corporation Fourth Amended and Restated Credit Agreement 15.4

Appears in 1 contract

Samples: Credit Agreement (Willis Lease Finance Corp)

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