Common use of Listed Collateral; Deletion or Redelivery Clause in Contracts

Listed Collateral; Deletion or Redelivery. Upon receipt by FHLBank of a written request from the Institution asking for the deletion or redelivery of any Listed Collateral, FHLBank shall promptly redeliver to the Institution, at the Institution’s expense, or acknowledge the deletion of, the Listed Collateral specified in said written request. Notwithstanding anything to the contrary herein, while an Event of Default shall have occurred and be continuing, or at any time that FHLBank’s records indicate that such deletion or redelivery would reduce the Lending Value of the Institution’s Eligible Collateral below the Required Collateral Amount, or at any time that FHLBank reasonably and in good xxxxx xxxxx itself insecure, FHLBank may refuse such request.

Listed Collateral; Deletion or Redelivery. Upon receipt by FHLBank the Bank of a written request from form the Institution asking for the deletion or redelivery of any Listed Collateral, FHLBank the Bank shall promptly redeliver to the Institution, at the Institution’s expense, or acknowledge the deletion of, the Listed Collateral specified in said written request. Notwithstanding anything to the contrary herein, while an Event of Default hereunder shall have occurred and be continuing, or at any time that FHLBankthe Bank’s records indicate that such deletion or redelivery would reduce the Lending Value of the Institution’s Eligible Listed Collateral below the Required Collateral Amount, or at any time that FHLBank the Bank reasonably and in good xxxxx xxxxx itself insecure, FHLBank the Bank may refuse such request.

Listed Collateral; Deletion or Redelivery. Upon receipt by FHLBank of a written request from the Institution asking for the deletion or redelivery of any Listed Collateral, FHLBank shall promptly redeliver to the Institution, at the Institution’s expense, or acknowledge the deletion of, the Listed Collateral specified in said written request. Notwithstanding anything to the contrary herein, while an Event of Default shall have occurred and be continuing, or at any time that FHLBank’s records indicate that such deletion or redelivery would reduce the Lending Value of the Institution’s Eligible Collateral below the Required Collateral Amount, or at any time that FHLBank reasonably and in good xxxxx fxxxx xxxxx itself insecure, FHLBank may refuse such request.