Common use of Lenders' Creation of Security Interests Clause in Contracts

Lenders' Creation of Security Interests. Notwithstanding any other provision set forth herein, the Lender may at any time create a security interest in all or any portion of its rights hereunder (including, without limitation, Obligations owing to it and the Note held by it) in favor of any Federal Reserve bank in accordance with Regulation A; provided, however, such assignment shall not release the Lender from any of its obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Muehlstein Holding Corp), Credit Agreement (Muehlstein Holding Corp)

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Lenders' Creation of Security Interests. Notwithstanding any other provision set forth herein, the any Lender may at any time create a security interest in all or any portion of its rights hereunder (includingto secure obligations of such Lender, including without limitation, Obligations owing to it and the Note held by it) in favor of any Federal Reserve bank in accordance with Regulation Abank; provided, however, such assignment creation of a security interest shall not release the such assigning Lender from any of its obligations hereunderhereunder or substitute such holder of a security interest for such Lender as a party hereto.

Appears in 2 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc)

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