Common use of Cross-Defaults Clause in Contracts

Cross-Defaults. It is a breach of this Contract if any default occurs under any other agreement between (1) the PFI (or any Affiliate of the PFI) and the Bank, or (2) the PFI (or any Affiliate of the PFI) and any other Federal Home Loan Bank.

Appears in 4 contracts

Sources: Participating Financial Institution Agreement, Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)

Cross-Defaults. It is a breach of this Contract if any default occurs under any other agreement between (1) the PFI (or any Affiliate affiliate of the PFI) PFI and the Bank, or (2) the PFI (Bank or any Affiliate of the PFI) and any other Federal Home Loan Bank.

Appears in 2 contracts

Sources: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)

Cross-Defaults. It is a breach of this Contract if any default occurs under any other agreement between between (1) the PFI (or any Affiliate Affiliate of the PFI) and the Bank, or (2) the PFI (or any Affiliate Affiliate of the PFI) and any other Federal Home Loan Bank.

Appears in 2 contracts

Sources: Participating Financial Institution Agreement, Participating Financial Institution Agreement