Common use of Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions Clause in Contracts

Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-downWrite-Down and conversion powers of an EEAConversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (i) 9.16.1 the application of any Write-Down and Conversion Powers by an EEA the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEAAffected Financial Institution; and

Appears in 2 contracts

Samples: Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.)

AutoNDA by SimpleDocs

Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEAAffected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-downWriteWrite-Down and conversion powers Conversion Powers of an EEAConversion Powers of the EEAthe applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: : (i170) 9.16.1 the application of any Write-Down and Conversion Powers by an EEA the EEAthe applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto Lender that is an EEAAffected Financial Institution; and

Appears in 1 contract

Samples: Term Loan Credit Agreement (Fortive Corp)

AutoNDA by SimpleDocs

Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document Financing Agreement or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan DocumentFinancing Agreement, to the extent such liability is unsecured, may be subject to the write-downWriteWrite-Down and conversion powers Conversion Powers of an EEAConversion Powers of the EEAthe applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (ia) 9.16.1 the application of any Write-Down and Conversion Powers by an EEA the EEAthe applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEAAffected Financial Institution; and

Appears in 1 contract

Samples: Credit Agreement (Imax Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!