Pledge to Federal Reserve Bank. Notwithstanding any other provision in this Agreement, any Lender may (without the consent of the Borrower or the Administrative Agent or prior notice to either) at any time create a security interest in, or pledge, all or any portion of its rights under and interest in this Agreement and any Note held by it in favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Board or U.S. Treasury Regulation 31 CFR §203.14, and such Federal Reserve Bank may enforce such pledge or security interest in any manner permitted under Applicable Law; it being understood that no such security interest or pledge shall release any Lender from any of its obligations hereunder or shall substitute such Federal Reserve Bank as a party hereto.
Appears in 4 contracts
Samples: Bridge Credit Agreement (Axtel Sab De Cv), Credit Agreement (Axtel Sab De Cv), Credit Agreement (Axtel Sab De Cv)
