Common use of Lenders' Creation of Security Interests Clause in Contracts

Lenders' Creation of Security Interests. Notwithstanding any other provision set forth herein, any Lender may at any time create a security interest in all or any portion of its rights hereunder to secure obligations of such Lender, including without limitation, in favor of any Federal Reserve bank in accordance with Regulation A; provided, however, such creation of a security interest shall not release such assigning Lender from any of its obligations hereunder or substitute such holder of a security interest for such Lender as a party hereto.

Appears in 3 contracts

Samples: Credit Agreement (NMHG Holding Co), Credit Agreement (NMHG Holding Co), Credit Agreement (Hyster Overseas Capital Corp LLC)

AutoNDA by SimpleDocs

Lenders' Creation of Security Interests. Notwithstanding any other provision set forth herein, any Lender may at any time create a security interest in all or any portion of its rights hereunder to secure obligations of such Lender, including without limitation, in favor of any Federal Reserve bank in accordance with Regulation Abank; provided, however, such creation of a security interest shall not release such assigning Lender from any of its obligations hereunder or substitute such holder of a security interest for such Lender as a party hereto.

Appears in 2 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc)

AutoNDA by SimpleDocs

Lenders' Creation of Security Interests. Notwithstanding any other provision set forth herein, any the Lender may at any time create a security interest in all or any portion of its rights hereunder to secure obligations of such Lender(including, including without limitation, Obligations owing to it and the Note held by it) in favor of any Federal Reserve bank in accordance with Regulation A; provided, however, such creation of a security interest assignment shall not release such assigning the Lender from any of its obligations hereunder or substitute such holder of a security interest for such Lender as a party heretohereunder.

Appears in 2 contracts

Samples: Credit Agreement (Muehlstein Holding Corp), Credit Agreement (Muehlstein Holding Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.