Common use of Assignments to Federal Reserve Banks Clause in Contracts

Assignments to Federal Reserve Banks. Nothing in this Section 10.06 ------------------------------------ shall limit the right of any Lender to assign its interest in its Loans and Note to a Federal Reserve Bank as collateral security under Regulation A of the Board of Governors of the Federal Reserve System, but no such assignment shall release such Lender from its obligations hereunder.

Appears in 2 contracts

Sources: Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co)

Assignments to Federal Reserve Banks. Nothing in this Section 10.06 ------------------------------------ shall limit the right of any Lender to assign its interest in its Loans and Note or Notes, as the case may be, to a Federal Reserve Bank as collateral security under Regulation A of the Board of Governors of the Federal Reserve System, but no such assignment shall release such Lender from its obligations hereunder.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co)

Assignments to Federal Reserve Banks. Nothing in this Section 10.06 ------------------------------------ shall limit the right of any Lender to assign its interest in its Loans and Note to a Federal Reserve Bank as collateral security under Regulation A of the Board of Governors of the Federal Reserve System, but no such assignment shall release such Lender from its obligations hereunder.

Appears in 1 contract

Sources: Term Credit Agreement (Lyondell Chemical Co)

Assignments to Federal Reserve Banks. Nothing in this Section 10.06 ------------------------------------ shall limit the right of any Lender to assign its interest in its Loans and Note or Notes, as the case may be, to a Federal Reserve Bank as collateral security under Regulation A of the Board of Governors of the Federal Reserve System, but no such assignment shall release such Lender from its obligations hereunder.

Appears in 1 contract

Sources: Revolving Credit Agreement (Lyondell Chemical Co)