Common use of Pledge by Bank Clause in Contracts

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 26 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Storage Trust Realty), Revolving Credit Agreement (Wellsford Real Properties Inc)

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Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341341 or, with Agent's prior written approval, to another Person. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 6 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust), Bridge Loan Agreement (Windrose Medical Properties Trust)

Pledge by Bank. Any Notwithstanding any other provision of this Agreement, any Bank at no cost to the Borrower may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its NoteNotes) to any of the twelve Federal Reserve Banks organized under Section §4 of the Federal Reserve Act, 12 U.S.C. Section §341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 4 contracts

Samples: Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership), Revolving Credit Agreement (Boston Properties LTD Partnership)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (the Loan Documents including all or any portion of its Note) the Notes to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Techprecision Corp), Loan Agreement (Techprecision Corp)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section §4 of the Federal Reserve Act, 12 U.S.C. Section 341§341 or, with Agent’s prior written approval, to another Person. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents and no such pledge shall have the effect of transferring any voting rights such Bank may have hereunder or under any other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Gramercy Capital Corp)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341341 or to any Federal Home Loan Bank. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Master Credit Agreement (Wellsford Real Properties Inc)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section ss. 4 of the Federal Reserve Act, 12 U.S.C. Section ss. 341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Berkshire Realty Co Inc /De)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section SEction 341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Construction Loan Agreement (Walden Residential Properties Inc)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or the enforcement thereof shall release the pledgor Bank from for its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Rottlund Co Inc)

Pledge by Bank. Any The Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its the Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Maxxam Inc)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section §4 of the Federal Reserve Act, 12 U.S.C. Section 341§341 or, with Agent’s prior written approval, to another Person. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Meruelo Richard)

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Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or the enforcement thereof shall release the pledgor Bank from for its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Rottlund Co Inc)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section §4 of the Federal Reserve Act, 12 U.S.C. Section 341§341 or, with Agent's prior written approval, to another Person. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Foundation Capital Resources Inc)

Pledge by Bank. Any Notwithstanding the provisions of this Section 8.17, any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its NoteNotes) to any of the twelve Federal Reserve Banks federal reserve banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Tuscarora Inc)

Pledge by Bank. Any The Bank may at any time pledge all or any -------------- portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 (S)4 of the Federal Reserve Act, 12 U.S.C. Section 341(S)341. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Copley Pharmaceutical Inc)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 ss.4 of the Federal Reserve Act, 12 U.S.C. Section 341ss.341 or, with Agent's prior written approval, to another Person. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Church Mortgage Co)

Pledge by Bank. Any Bank may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341341 or as otherwise approved by the Agent, such consent not to be unreasonably withheld, conditioned or delayed. No such pledge or the enforcement thereof shall release the pledgor Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Wellsford Real Properties Inc)

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