Common use of Pledge by Lender Clause in Contracts

Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender 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 Note) to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act, 12 U.S.C. §341. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder or under any of the other Loan Documents.

Appears in 4 contracts

Samples: Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust)

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Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender 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 NoteRevolving Credit Notes) to any of the twelve Federal Reserve Banks organized under §4 ss.4 of the Federal Reserve Act, 12 U.S.C. §341ss.341. No such pledge or the enforcement thereof shall release the pledgor Lender Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Grove Real Estate Asset Trust), Revolving Credit Agreement (Beacon Properties L P), Revolving Credit Agreement (Grove Property Trust)

Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender 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 §4 of the Federal Reserve Act, 12 U.S.C. §341. No such pledge or the enforcement thereof shall release the pledgor Lender Bank from its obligations hereunder or under any of the other Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Boston Properties Inc), Revolving Credit Agreement (Boston Properties Inc)

Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender 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 Lender from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Mack Cali Realty Corp)

Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender at no cost to the Borrower Borrowers 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 §4 ss.4 of the Federal Reserve Act, 12 U.S.C. §341ss.341. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cali Realty Corp /New/)

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Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender 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 §4 ss.4 of the Federal Reserve Act, 12 U.S.C. §341ss.341. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mack Cali Realty Corp)

Pledge by Lender. Notwithstanding any other provision of this Agreement, any Lender 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 NoteNoteNotes) to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act, 12 U.S.C. §341. No such pledge or the enforcement thereof shall release the pledgor Lender from its obligations hereunder or under any of the other Loan Documents.

Appears in 1 contract

Samples: Secured Term Loan Agreement (First Potomac Realty Trust)

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