Common use of Pledge to the Federal Reserve Clause in Contracts

Pledge to the Federal Reserve. The Bank may at any time pledge all or any ------------------------------ portion of its rights under the Loan Documents including any portion of the Revolving Credit Note, the Line of Credit Note, and/or the Term 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 enforcement thereof shall release the Bank from its obligations under any of the Loan Documents.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Baltek Corp)

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Pledge to the Federal Reserve. The Bank may at any time pledge all or any ------------------------------ portion of its rights under this Agreement, the Loan Documents including any portion of the Revolving Credit Note, or the Line of Credit Note, and/or the Term Note other 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 enforcement thereof shall release the Bank from its obligations under any of the Loan DocumentsRelated Agreements.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Pledge to the Federal Reserve. The Bank Each Lender may at any time pledge or assign all or any ------------------------------ portion of its rights under the Loan Documents including this Agreement or any portion of the Revolving Credit Note, the Line of Credit Note, and/or the Term Note loan documents 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 Lender from its obligations under this Agreement or any of the Loan Documentsloan documents.

Appears in 1 contract

Samples: Credit Agreement (Baldwin Technology Co Inc)

Pledge to the Federal Reserve. The Bank may at any time pledge all or any ------------------------------ portion of its rights under the Loan Documents including any portion of the Revolving Credit Note, the Line of Credit Note, and/or the Term 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 enforcement thereof shall release the Bank from its obligations under any of the Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Syms Corp)

Pledge to the Federal Reserve. The Bank may at any time pledge all or any ------------------------------ portion of its rights under the Loan Documents including any portion of the Revolving Credit Note, the Line of Credit Note, and/or the Term 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 enforcement thereof shall release the Bank from its obligations under any of the Loan Documents. 10.

Appears in 1 contract

Samples: Loan and Security Agreement

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Pledge to the Federal Reserve. The Bank Lender may at any time pledge all or any ------------------------------ portion of its rights under the Loan Documents including any portion of the Revolving Credit Notethis Agreement, the Line of Credit Note, and/or Notes and the Term Note Collateral Documents 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 enforcement thereof shall will release the Bank Lender from its obligations under any of the Loan Documentssuch documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Intrinsix Corp)

Pledge to the Federal Reserve. The Bank may at any time pledge all or any ------------------------------ portion of its rights under this Agreement, or the Loan Ancillary Documents (including any portion of the Revolving Credit Note, the Line of Credit Note, and/or the Term Note ) to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section ss. 341. No such pledge or assignment or enforcement thereof shall release the Bank from its obligations under this Agreement, the Note or any of the Loan Ancillary Documents.

Appears in 1 contract

Samples: Loan Agreement (Fibercore Inc)

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