Common use of Relationship to the Bank Clause in Contracts

Relationship to the Bank. (a) The Association shall be an entity separate and distinct from the Bank and the funds of the Association shall be kept separate and apart from those of the Bank. The Association shall not borrow from or lend to the Bank, except that this shall not preclude the Association from investing funds not needed in its financing operations in obligations of the Bank.

Appears in 4 contracts

Samples: Articles of Agreement, Articles of Agreement, Ida Articles of Agreement

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