Common use of Funding Commitments; Ineligibility Clause in Contracts

Funding Commitments; Ineligibility. In the event the Institution’s access to Advances is restricted by any applicable law or regulatory directive, FHLBank shall not fund outstanding Commitments to the Institution. The Institution shall immediately notify FHLBank if it becomes ineligible for Advances under any applicable law or regulatory directive.

Appears in 8 contracts

Samples: Security Agreement (Federal Home Loan Bank of Topeka), Security Agreement (Federal Home Loan Bank of Topeka), Advance, Pledge and Security Agreement (Federal Home Loan Bank of Topeka)

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Funding Commitments; Ineligibility. In the event the Institution’s access to Advances is restricted by any applicable law or regulatory directive, FHLBank shall not fund outstanding Commitments to the Institution. The Institution shall immediately notify FHLBank if it becomes ineligible for Advances under any applicable law or regulatory directive.. AdvAgree (Blanket) 9-03

Appears in 1 contract

Samples: And Security Agreement (Federal Home Loan Bank of Topeka)

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