Example ContractsClausescredit party assignmentsVariants
Remove:

For the avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this ​ concerning assignments relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests by a Bank, including to any Federal Reserve Bank, in accordance with applicable law; provided, that no such pledge or assignment shall release such Bank from any of its obligations hereunder or substitute any such pledgee or assignee for such Bank as a party hereto.

For the avoidance of doubt, the partiesany pledge or assignment to this Agreement acknowledge that the provisions of this ​ concerning assignments relate onlysecure obligations to absolute assignments and that such provisions do not prohibit assignments creating security interests by a Bank, including to any Federal Reserve Bank, in accordance with applicable law; provided,and this [Section 10.6] shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release such Banka Lender from any of its obligations hereunder or substitute any such pledgee or assigneeAssignee for such BankLender as a party hereto.

For the avoidance#Any Bank may at any time pledge or assign a security interest in all or any portion of doubt, the parties toits rights under this Agreement acknowledge that the provisionsto secure obligations of this ​ concerning assignments relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests by a Bank, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority or central bank having jurisdiction over such Bank, and this subsection shall not apply to any Federal Reserve Bank, in accordance with applicable law; provided,such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release sucha Bank from any of its obligations hereunder or substitute any such pledgee or assigneeAssignee for such Bank as a party hereto.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.