Pledges and Assignments. Any Lender may at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to any Federal Reserve Bank; provided that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment or pledge and (ii) in no event shall any assignee or pledgee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.
Pledges and Assignments. Any Lender may, without the consent of Administrative Agent or Company, at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation (A) any pledge or assignment to secure obligations to any Federal Reserve Bank and (B) in the case of any Lender that is a Fund, any pledge or assignment to any holders of obligations owed, or securities issued, by such Lender including to any trustee for, or any other representative of, such holders; provided that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment or pledge and (ii) in no event shall any assignee or pledgee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.
Pledges and Assignments. (a) The Issuer hereby pledges (verpfändet) as security all Pledged Bonds together with all ancillary rights and claims associated with such bonds to the Trustee, who hereby accepts such pledge.
(b) The pledge created in accordance with paragraph (a) above shall attach to the pertinent co-ownership interests (Miteigentumsanteile) of the Issuer in the collective custody holdings as booked to the Issuance Account of the Issuer with respect to the Pledged Bonds.
(c) The Issuer hereby irrevocably assigns to the Trustee all its present and future claims against the Depo Bank and, if any, against Clearstream for delivery of the Global Note representing the Pledged Bonds (Abtretung des Herausgabeanspruchs) pursuant to (including but without limitation) sections 870 and 871 of the BGB and sections 7 and 8 of the DepotG.
(d) In addition to the pledges created in accordance with paragraphs (a) to (c) (inclusive) above, the Issuer hereby grants a pledge over all Pledged Bonds by way of additionally pledging the Issuer's claims arising from such Pledged Bonds in accordance with sections 1274, 413, 398 of the BGB to the Security Trustee, who hereby accepts such pledge.
(e) The pledges created in accordance with paragraphs (a) to (d) (inclusive) shall extend automatically to any newly issued certificates representing, replacing or supplementing any of the Pledged Bonds which shall forthwith be credited to (verbucht auf) or, to the extent such certificates will not be held in collective safe custody (Sammelverwahrung), deposited with and held in the Issuance Accounts without the Issuer taking possession of them at any time.
Pledges and Assignments. (i) Any Lender may, without the consent of Borrower or the Administrative Agent, at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including any pledge or assignment to secure obligations to any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any operating circular issued by such Federal Reserve Bank and; provided that (a) no Lender shall, as between Borrower and such Lender, be relieved of any of its obligations hereunder as a result of any such assignment or pledge, and (b) in no event shall any assignee or pledgee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.
(ii) Any Lender that is an Approved Fund may pledge its Notes (and corresponding Loans) to its trustee for the benefit of its investors, provided that any foreclosure or similar action by such trustee or other representative shall be subject to the provisions of subsection 10.1B concerning assignments (including any required consents); and provided further, that no Lender shall, as between Borrower and such Lender, be relieved of any of its obligations hereunder as a result of any such pledge.
Pledges and Assignments. Any Lender may at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to any Federal Reserve Bank; provided that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment or pledge and
Pledges and Assignments. Any Lender may at any time (1) pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to any Federal Reserve Bank and (2) transfer its rights to receive payments hereunder to one or more of its Affiliates; provided that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment, pledge or transfer and (ii) in no event shall any assignee, pledgee or transferee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.
Pledges and Assignments. In addition to the assignments and participations permitted under the foregoing provisions of this subsection 11.1, any Lender may at any time assign and pledge all or any portion of its Loans and the other Obligations owed to such Lender, to secure obligations of such Lender, including, without limitation, any pledge or assignment to secure obligations to any Federal Reserve Bank; PROVIDED that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment or pledge and (ii) in no event shall any assignee or pledgee be considered to be a "Lender" or be entitled to require the assigning Lender to take or omit to take any action hereunder.
Pledges and Assignments. Any Lender may, without the consent of Administrative Agent or Company, at any time pledge or assign, or grant a security interest in, all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation (A) any pledge or assignment, or grant of a security interest, to secure obligations to any Federal Reserve Bank or any other central bank having jurisdiction over such Lender and (B) in the case of any Lender that is a Fund, any pledge or assignment, or grant of a security interest, to any holders of obligations owed, or securities issued, by such Lender including to any trustee for, or any other representative of, such holders; provided that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such pledge or assignment, or grant of a security interest, and (ii) in no event shall any pledge, assignee or grantee be considered to be a “Lender” or be entitled to require the pledging, assigning or granting Lender to take or omit to take any action hereunder.
Pledges and Assignments. (i) Any Lender may at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including, without limitation, any pledge or assignment to secure obligations to any Federal Reserve Bank and; provided that (a) no Lender shall, as between Borrower and such Lender, be relieved of any of its obligations hereunder as a result of any such assignment or pledge, (b) in no event shall any assignee or pledgee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder and (c) any Lender that is a Fund may pledge its Notes to its trustee for the benefit of its investors.
(ii) Any Lender which is a Fund may pledge its Notes to its trustee for the benefit of its investors.
Pledges and Assignments. Any Lender may at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to any Federal Reserve Bank; PROVIDED that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment or pledge, (ii) in no event shall any assignee or pledgee be considered to be a "LENDER" or be entitled to require the assigning Lender to take or omit to take any action hereunder, (iii) in no event shall the terms of such assignment or pledge prohibit the Lender from voting in favor of any amendment to any Loan Document which requires only the consent of Requisite Lenders, and (iv) any foreclosure of any such assignment or pledge shall remain subject to the restrictions set forth in subsection 10.
