Common use of Federal Reserve Clause in Contracts

Federal Reserve. Lender may at any time pledge, endorse, assign, or transfer all or any portion of its rights under the Loan Documents including any portion of the Note to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lounsberry Holdings Ii Inc), Loan and Security Agreement (Techprecision Corp)

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Federal Reserve. Lender may at any time pledge, endorse, assign, or transfer all or any portion of its rights under the Loan Documents including any portion of the Note to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.. 12.U.S.C. Section 341. No such pledge or enforcement thereof shall release Lender from its obligations under any of the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Omega Flex, Inc.), Loan Agreement (Btu International Inc)

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