Common use of Applications for Advances Clause in Contracts

Applications for Advances. Requests for an Advance hereunder shall be made via telephone or via an Internet Portal Service offered by the Bank to its members for such purpose. All requests for Advances made via an Internet Portal Service shall be subject to, among other things, the terms and conditions set forth in Article 9 of the Correspondent Services Agreement. Both the Bank and the Member may electronically record all telephonic requests for an Advance as well as any other telephone conversations relating to any such Advance.

Appears in 2 contracts

Sources: Agreement for Advances, Collateral Pledge and Security Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co), Agreement for Advances, Collateral Pledge and Security Agreement (Voya Financial, Inc.)