Reverse Repurchase Agreement Transactions; Reverse Repurchase Agreements. Principal hereby authorizes Bank, as agent for Principal, to engage from time to time, in its discretion, in reverse repurchase agreement transactions with Buyers with respect to securities of Principal at anytime on deposit with or held by Bank. Principal acknowledges and agrees that any reverse repurchase agreement (each a "Master Repurchase Agreement") may take the form of a master agreement covering a series of reverse repurchase agreement transactions between a Buyer and Bank as seller on behalf of Principal and other accounts administered through Bank's Trust Department. There can be no assurance that the activities of any other such account pursuant to any such agreement, or by Bank in respect of any such other account, will not have an adverse effect on Bank shall not in any event be liable to Principal or anyone else in respect of any delay or failure of any other person (including any Buyer or any other seller) to comply with the provisions of the Master Repurchase Agreement unless such failure is the result of circumstances reasonably likely to result in such failure and which were known to Bank at the time at which the repurchase agreement transaction was entered into.
Reverse Repurchase Agreement Transactions; Reverse Repurchase Agreements. Principal hereby authorizes Bank, as agent for Principal, to engage from time to time, in its discretion, in reverse repurchase agreement transactions with Buyers with respect to securities of Principal at anytime on deposit with or held by Bank. Principal acknowledges and agrees that any reverse repurchase agreement (each a "Master Repurchase Agreement") may take the form of a master agreement covering a series of reverse repurchase agreement transactions between a Buyer and Bank as seller on behalf of Principal and other accounts administered through Bank's Trust Department. There can be no assurance that the activities of any other such account pursuant to any such agreement, or by Bank in respect of any such other account, will not have an adverse effect on Principal or on the rights of Principal with respect to any such reverse repurchase agreement transaction.
