Common use of Special Accounts Clause in Contracts

Special Accounts. 1. The Borrower shall open or caused to be opened and maintained in dollars two separate special deposit accounts (the Federal Special Account, and the States Special Account) in commercial banks, on terms and conditions satisfactory to the Association, including appropriate protection against set- off, seizure and attachment. When the conditions set forth in Paragraph 4 of Schedule 5 have been met for a Participating State, such Participating State may open and maintain in dollars its own Special Account in a commercial bank, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment. A Participating State which has opened its own Special Account shall not be entitled to further withdrawals from the States Special Account.

Special Accounts. 1. The Borrower shall open or caused to be opened and maintained in dollars two separate special deposit accounts (the Federal Special Account, and the States Joint Special Account) in commercial banks, on terms and conditions satisfactory to the Association, including appropriate protection against set- set-off, seizure and attachment. When the conditions set forth in Paragraph 4 of Schedule 5 have been met for a Participating State, such Participating State may open and maintain in dollars its own Special Account in a commercial bank, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment. A Participating State State, which has opened its own Special Account Account, shall not be entitled to further withdrawals from the States Special Account.

Special Accounts. 1. The Borrower shall open or caused cause to be opened and maintained in dollars two separate special deposit accounts (the Federal Special Account, and the States State Special Account) in commercial banks, on terms and conditions satisfactory to the Association, including appropriate protection against set- set-off, seizure and attachment. When the conditions set forth in Paragraph 4 of Schedule 5 have been met for a Participating State, such Participating State may open and maintain in dollars its own Special Account in a commercial bank, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment. A Participating State which has opened its own Special Account shall not be entitled to further withdrawals from the States State Special Account.

Special Accounts. 1. The Borrower shall open or caused cause to be opened and maintained in dollars two separate special deposit accounts (the Federal Special Account, and the States State Special Account) in commercial banks, on terms and conditions satisfactory to the Association, including appropriate protection against set- set-off, seizure and attachment. When the conditions set forth in Paragraph 4 of Schedule 5 have been met for a Participating State, such Participating State may open and maintain in dollars its own Special Account in a commercial bank, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment. A Participating State which has opened its own Special Account shall not be entitled to further withdrawals from the States State Special Account.