Common use of Assignment to Federal Reserve Bank Clause in Contracts

Assignment to Federal Reserve Bank. Notwithstanding the limitations set forth in paragraph (a) of this Section, any Bank may at any time assign all or any portion of its rights under this Agreement or any Notes payable to such Bank to a Federal Reserve Bank without the prior written consent of the Borrower, the Guarantor, the Agent, the Co-Agents, or the Arranger & Syndication Agent, provided that no such assignment shall release such assigning Bank from any of its obligations hereunder or substitute any such Federal Reserve Bank for such Bank as a party hereto.

Assignment to Federal Reserve Bank. Notwithstanding the limitations set forth in paragraph (a) of this Section, any Bank may at any time assign all or any portion of its rights under this Agreement or any Notes payable to such Bank to a Federal Reserve Bank without the prior written consent of the Borrower, the Guarantor, the Agent, Agent or the Co-Agents, or the Arranger & Syndication Agent, provided that no such assignment shall release such assigning Bank from any of its obligations hereunder or substitute any such Federal Reserve Bank for such Bank as a party hereto.