Blanket Agreement definition
Examples of Blanket Agreement in a sentence
Borrower grants and shall cause each Pledging Affiliate to grant to FHLBank, its successors and assigns from time to time a security interest in the Collateral identified in Exhibit A to this Blanket Agreement and/or any Addendum to it, whether now existing or that Borrower or any Pledging Affiliate hereafter attaches, in order to secure the performance of the Obligations of Borrower and each Pledging Affiliate from time to time for purposes of this Blanket Agreement.
Any provision that any law or judicial ruling may limit or render unenforceable in whole or in part shall not affect the validity or enforcement of any other part of such provision or any of the other provisions of this Blanket Agreement.
Each term used in this Blanket Agreement is defined in this Section 1 as follows.
Borrower and FHLBank each has caused the duly authorized representative of each to execute this Blanket Agreement.
FHLBank shall not be deemed to have waived any of its rights in this Blanket Agreement or to the Collateral unless FHLBank shall have made such waiver in a writing that FHLBank has signed.
Exhibit A This Contract Work Authorization (“CWA”) No. [enter #] is issued under and pursuant to the Blanket Agreement or Master Service Agreement No. [enter #] dated [enter Date] (the “MSA”) between the below-named Contractor (“Contractor”), [enter Legal Title], and Pacific Gas and Electric Company (“PG&E”), a California corporation with its headquarters located at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, San Francisco, California 94105.
Borrower shall, and shall cause each Pledging Affiliate to, comply with all directions that FHLBank gives pursuant to this Blanket Agreement.
Nothing contained in this Blanket Agreement or in any discussions undertaken or disclosures made pursuant hereto shall (a) be deemed a commitment to engage in any business relationship, contract or future dealing with any other party, (b) create a joint venture or partnership between the parties, or (c) limit either party's right to conduct similar discussions or perform similar work to that undertaken pursuant hereto, so long as said discussions or work do not violate this Blanket Agreement.
This Blanket Agreement shall be construed and enforced in accordance with the laws of the State of California without regard to its conflict of law principles.
This Blanket Agreement shall be governed by the laws of the State of Tennessee and the codes of the City of Chattanooga.