Common use of Federal Reserve Clause in Contracts

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Lender may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Loan and any rights to payment of principal or interest thereon) under this Agreement to secure obligations of such Lender to a Federal Reserve Bank, without notice to or consent of Borrower, Servicer or any Agent; provided that no such pledge or grant of a security interest shall release such Lender from any of its obligations hereunder, or substitute any such pledgee or grantee for such Lender as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Lender may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Loan and any rights to payment of principal or interest thereon) under this Agreement (i) to secure obligations of such Lender to a Federal Reserve Bank, or (ii) to a collateral agent or a security trustee in connection with the funding by such Lender of the Loan, without notice to or consent of Borrower, Servicer or any Agent; provided that no such pledge or grant of a security interest shall release such Lender from any of its obligations hereunder, or substitute any such pledgee or grantee for such Lender as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Lender may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Loan Commitment and any rights to payment of interest, principal or interest thereonand other amounts) under this Agreement to secure obligations of such Lender to a Federal Reserve Bank, without notice to or consent of Borrower, Servicer either the Borrower or the Agents or any Agentother party hereto; provided that no such pledge or grant of a security interest shall release such a Lender from any of its obligations hereunder, or substitute any such pledgee or grantee for such Lender as a party hereto.”

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Lender may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Loan and any rights to payment of principal or interest thereon) under this Agreement to secure obligations of such Committed Lender to a Federal Reserve Bank, without notice to or consent of Borrower, Servicer Collection Agent or any Agent; provided that no such pledge or grant of a security interest shall release such a Committed Lender from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Lender as a party hereto.