Federal Reserve Banks. In addition to the assignments and participations permitted under the foregoing provisions of this Section 12.06, any Bank may assign and pledge all or any portion of its Loans to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Bank from its obligations hereunder.
Appears in 2 contracts
Sources: 364 Day Credit Agreement (Bowater Inc), Bridge Credit Agreement (Bowater Inc)