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

Acknowledgement and Consent to Bail-In. Notwithstanding any other term of any Credit Document or any other agreement, arrangement or understanding between the parties, each party hereto acknowledges and accepts that any liability of any party to any other party under or in connection with the Credit Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: (a) any Bail-In Action in relation to any such liability, including (without limitation): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and (iii) a cancellation of any such liability; and (b) a variation of any term of any Finance Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

Appears in 2 contracts

Samples: Credit Agreement (Enova International, Inc.), Credit Agreement (Enova International, Inc.)

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Acknowledgement and Consent to Bail-In. Notwithstanding any other term of any Credit Loan Document or any other agreement, arrangement or understanding between the parties, each party hereto acknowledges and accepts that any liability of any party to any other party under or in connection with the Credit Loan Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: (a) any Bail-In Action in relation to any such liability, including (without limitation): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and (iii) a cancellation of any such liability; and (b) a variation of any term of any Finance Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

Appears in 2 contracts

Samples: Credit Agreement (Kaltura Inc), Credit Agreement (Kaltura Inc)

Acknowledgement and Consent to Bail-In. Notwithstanding any other term of any Credit Loan Document or any other agreement, arrangement or understanding between the partiesparties hereto, each party hereto acknowledges and accepts that any liability of any party hereto to any other party hereto under or in connection with the Credit Loan Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: (a) any Bail-In Action in relation to any such liability, including (without limitation): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and (iii) a cancellation of any such liability; and (b) a variation of any term of any Finance Loan Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

Appears in 1 contract

Samples: Term Loan Credit Agreement (PERRIGO Co PLC)

Acknowledgement and Consent to Bail-In. Notwithstanding anything to the contrary in any other term of any Credit Loan Document or any other agreement, arrangement or understanding between among the partiesparties hereto, each party hereto acknowledges and accepts that any liability of any party hereto to any other party hereto under or in connection with the Credit Loan Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: (a) any Bail-In Action in relation to any such liability, including (without limitation):): Table of Contents (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and (iii) a cancellation of any such liability; and (b) a variation of any term of any Finance Loan Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.. Table of Contents

Appears in 1 contract

Samples: Credit Agreement (J2 Global, Inc.)

Acknowledgement and Consent to Bail-In. Notwithstanding anything to the contrary in any other term of any Credit Loan Document or in any other related agreement, arrangement or understanding between among the partiesparties hereto, each party hereto acknowledges and accepts that any liability of any party to any other party under or in connection with the Credit Loan Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: (a) any Bail-In Action in relation to any such liability, including (without limitation): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and; (iii) a cancellation of any such liability; and (b) a variation of any term of any Finance Loan Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (Ascena Retail Group, Inc.)

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Acknowledgement and Consent to Bail-In. Notwithstanding anything to the contrary in any other term of any Credit Loan Document or in any other agreement, arrangement or understanding between the among any such parties, each party hereto acknowledges and accepts that any liability of any party to this Agreement to any other such party under or in connection with the Credit Documents any Loan Document may be subject to Bail-In Action by the relevant applicable Resolution Authority and acknowledges and accepts to be bound by the effect of: (a) any Bail-In Action in relation to any such liability, including (without limitation): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liabilityliability ; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and (iii) a cancellation of any such liability; and (b) a variation of any term of any Finance Loan Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Magnera Corp)

Acknowledgement and Consent to Bail-In. Notwithstanding any other term of any Credit Loan Document or any other agreement, arrangement or understanding between the partiesparties hereto, each party hereto acknowledges and accepts that any liability of any party hereto to any other party hereto under or in connection with the Credit Loan Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: : (a) any Bail-In Action in relation to any such liability, including (without limitation): ): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; ; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and and (iii) a cancellation of any such liability; and and (b) a variation of any term of any Finance Loan Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.. 91

Appears in 1 contract

Samples: Term Loan Credit Agreement

Acknowledgement and Consent to Bail-In. Notwithstanding any other term of any Credit Operative Document or any other agreement, arrangement or understanding between the partiesparties to this Credit Agreement, each party hereto acknowledges and accepts that any liability of any party hereto to any other party hereto under or in connection with the Credit Operative Documents may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: : (a) any Bail-In Action in relation to any such liability, including (without limitation): ): (i) a reduction, in full or in part, in the principal amount, or outstanding amount due (including any accrued but unpaid interest) in respect of any such liability; ; (ii) a conversion of all, or part of, any such liability into shares or other instruments of ownership that may be issued to, or conferred on, it; and and (iii) a cancellation of any such liability; and and (b) a variation of any term of any Finance Operative Document to the extent necessary to give effect to any Bail-In Action in relation to any such liability.

Appears in 1 contract

Samples: Credit Agreement (Allegiant Travel CO)

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