Common use of Pledge to the Federal Reserve Clause in Contracts

Pledge to the Federal Reserve. The Bank may at any time pledge or assign all or any portion of its rights under the Loan Documents, including any portion of the Revolving 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 assignment or enforcement thereof shall release the Bank from its obligations under any of the loan documents.

Appears in 2 contracts

Samples: Credit Agreement (Mikron Infrared Inc), Credit Agreement (Mikron Infrared Inc)

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Pledge to the Federal Reserve. The Bank Lenders may at any time pledge or assign all or any portion of its their rights under the Loan Documents, Documents including any portion of the Revolving Note 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 assignment or enforcement thereof shall release the Bank any such Lender from its obligations under any of the loan documentsLoan Documents.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement (Harvard Bioscience Inc)

Pledge to the Federal Reserve. The Bank may at any time pledge or assign all or any portion of its rights under the Loan Documents, Documents including any portion of the Revolving Credit 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 assignment or enforcement thereof shall release the Bank from its obligations under any of the loan documentsLoan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Medallion Financial Corp), Loan and Security Agreement (Medallion Financial Corp)

Pledge to the Federal Reserve. The Bank Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, including any portion of Documents which evidence and/or secure the Revolving Note Loan to any of the twelve (12) Federal Reserve Banks organized under Section 4 Section.4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or assignment or enforcement thereof shall release the Bank Lender from its obligations under any of the loan documentsLoan Documents which evidence and/or secure the Loan.

Appears in 1 contract

Samples: Construction Loan Agreement

Pledge to the Federal Reserve. The Bank Lenders may at any time pledge or assign all or any portion of its their rights under the Loan Documents, loan documents including any portion of the Revolving Note 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 assignment or enforcement thereof shall release the Bank Lenders or the Administrative Agent from its their obligations under this Agreement or any of the loan documents.

Appears in 1 contract

Samples: Credit Agreement (Able Laboratories Inc)

Pledge to the Federal Reserve. The Bank Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, Documents including any portion of the Revolving this 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 assignment or enforcement thereof shall release the Bank Lender from its obligations under any of the loan documentsLoan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)

Pledge to the Federal Reserve. The Bank Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, Documents including any portion of the Revolving 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 assignment or enforcement thereof shall release the Bank Lender from its obligations under any of the loan documentsLoan Documents.

Appears in 1 contract

Samples: Loan Agreement (Bluerock Residential Growth REIT, Inc.)

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Pledge to the Federal Reserve. The Bank Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, Documents including any portion of the Revolving this 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 assignment or enforcement thereof shall release the Bank Lender from its obligations under any of the loan documentsLoan Documents. 13.

Appears in 1 contract

Samples: www.sec.gov

Pledge to the Federal Reserve. The Bank may at any time pledge or assign all or any portion of its rights under this Agreement, the Loan DocumentsNote, including any portion of or the Revolving Note Related Agreements 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 assignment or enforcement thereof shall release the Bank from its obligations under any of the loan documents.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Pledge to the Federal Reserve. The Bank Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, including any portion of the Revolving Credit 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 assignment or enforcement thereof shall release the Bank from its obligations under any of the loan documentsLoan Documents.

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Pledge to the Federal Reserve. The Bank Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, which evidence and/or secure the Loan, including any portion of the Revolving Note this 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 assignment or enforcement thereof shall release the Bank Lender from its obligations under any of the loan documentsLoan Documents, which evidence and/or secure the Loan.

Appears in 1 contract

Samples: Acadia Realty Trust

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