Common Contracts
2 similar Paycheck Protection Program Liquidity Facility Letter of Agreement contracts
PAYCHECK PROTECTION PROGRAM LIQUIDITY FACILITY LETTER OF AGREEMENTPaycheck Protection Program Liquidity Facility Letter of Agreement • May 1st, 2020
In consideration of our being able to request Advances from the Federal Reserve Bank of [X] (the “Reserve Bank”), as set forth in this letter as amended and supplemented from time to time by the Reserve Bank ( “PPPLF Letter of Agreement”), and to incur Indebtedness to the Reserve Bank pursuant to the Paycheck Protection Program Liquidity Facility (the “PPPLF” or the “Facility” ) authorized by the Board of Governors of the Federal Reserve System (the “Board”) on April 8, 2020, as such authorization may be amended from time to time, under section 13(3) of the Federal Reserve Act, we (the “Borrower” or “us”) agree to the provisions of the Reserve Bank’s Operating Circular No. 10, effective July 16, 2013, as may be amended from time to time (the “Circular”), and to the terms and conditions of this PPPLF Letter of Agreement which together apply to all Advances made under the PPPLF (the Circular and this PPPLF Letter of Agreement, together, the “PPPLF Agreement”). To the extent any provision
PAYCHECK PROTECTION PROGRAM LIQUIDITY FACILITY LETTER OF AGREEMENTPaycheck Protection Program Liquidity Facility Letter of Agreement • April 30th, 2020
In consideration of our being able to request Advances from a Federal Reserve Bank designated by the Board of Governors of the Federal Reserve System (“Board”) (the “Reserve Bank”), as set forth in this letter as amended and supplemented from time to time by the Reserve Bank (“PPPLF Letter of Agreement”), and to incur Indebtedness to the Reserve Bank pursuant to the Paycheck Protection Program Liquidity Facility (the “PPPLF” or the “Facility”) authorized by the Board on April 8, 2020, as such authorization may be amended from time to time, under section 13(3) of the Federal Reserve Act, we (the “Borrower” or “us”) agree to the provisions of the Reserve Bank’s Operating Circular No. 10, effective July 16, 2013, as may be amended from time to time (the “Circular”), and to the terms and conditions of this PPPLF Letter of Agreement which together apply to all Advances made under the PPPLF (the Circular and this PPPLF Letter of Agreement, together, the “PPPLF Agreement”). To the extent any
