Common use of Listed Collateral; Perfection Clause in Contracts

Listed Collateral; Perfection. a. Immediately upon FHLBank’s request, and from time to time thereafter, the Institution shall provide FHLBank an amount of Listed Collateral which is also Eligible Collateral that has a Lending Value at all times at least equal to the Required Collateral Amount applicable to the Institution. The Institution shall take all actions as FHLBank shall reasonably deem necessary or appropriate to perfect FHLBank’s security interest in the Listed Collateral, including but not limited to the making, execution and delivery to FHLBank of such assignments, listings, powers, financing statements or other instruments and documents as FHLBank may require. The Institution shall not assign, pledge, transfer, create any security interest in, sell or otherwise dispose of any Listed Collateral without the prior written consent of FHLBank.

Appears in 5 contracts

Samples: Security Agreement (Federal Home Loan Bank of Topeka), Advance, Pledge and Security Agreement (Federal Home Loan Bank of Topeka), And Security Agreement (Federal Home Loan Bank of Topeka)

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