Common use of Contractual Recognition of Bail-In Clause in Contracts

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings between any BRRD Party and UK Bail-in Party and the Bank, the Bank acknowledges and accepts that a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority, and acknowledges, accepts, and agrees to be bound by: (i) the effect of the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the BRRD Liability and UK Bail-in Liability or outstanding amounts due thereon; (B) the conversion of all, or a portion, of the BRRD Liability and UK Bail-in Liability into shares, other securities or other obligations of the relevant BRRD Party and UK Bail-in Party or another person and the issue to or conferral on the Bank of such shares, securities or obligations; (C) the cancellation of the BRRD Liability and UK Bail-in Liability; and (D) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and (ii) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority and the relevant UK resolution authority, to give effect to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of this Section 20:

Appears in 10 contracts

Samples: Underwriting Agreement (European Investment Bank), Underwriting Agreement (European Investment Bank), Underwriting Agreement (European Investment Bank)

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Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings between any BRRD Party and UK Bail-in Party and the Bank, the Bank acknowledges and accepts that a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority, and acknowledges, accepts, and agrees to be bound by: (i) the effect of the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the BRRD Liability and UK Bail-in Liability or outstanding amounts due thereon; (B) the conversion of all, or a portion, of the BRRD Liability and UK Bail-in Liability into shares, other securities or other obligations of the relevant BRRD Party and UK Bail-in Party or another person and the issue to or conferral on the Bank of such shares, securities or obligations; (C) the cancellation of the BRRD Liability and UK Bail-in Liability; and (D) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and (ii) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority and the relevant UK resolution authority, to give effect to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of this Section 20:

Appears in 7 contracts

Samples: Underwriting Agreement (European Investment Bank), Underwriting Agreement (European Investment Bank), Underwriting Agreement (European Investment Bank)

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, arrangements or understandings understanding between any BRRD Party and UK Bail-in Party and the Bankparties hereto, the Bank Company acknowledges and accepts that (i) a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority and (ii) a UK Bail-in Liability of a UK Bail-in Party arising under this Agreement may be subject to the exercise of UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority. Accordingly, and each party to this Agreement acknowledges, accepts, and agrees to be bound by: : (ia) the effect of the exercise of Bail-In Powers by the Relevant BRRD Resolution Authority in Powers and relation to any BRRD Liability of any BRRD Party to this Agreement or the exercise of UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement. Without limitation, that (without limitation) such exercise may include and result in any of the following, or some combination thereof: : (Ai) the reduction of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, into shares, other securities or other obligations of the relevant a BRRD Party and or UK Bail-in Party Party, as the case may be, or another person person, and the issue to or conferral on the Bank such other party to this Agreement of such shares, securities or obligations; ; (Ciii) the cancellation of the BRRD Liability and or UK Bail-in Liability; and , as the case may be; (Div) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and and (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant BRRD Resolution Authority and the relevant or UK resolution authority, as the case may be, to give effect to the exercise of Bail-in Powers and by the Relevant BRRD Resolution Authority or UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of . (c) As used in this Section 2015:

Appears in 4 contracts

Samples: Underwriting Agreement (Coca Cola Co), Underwriting Agreement (Coca Cola Co), Underwriting Agreement (Coca Cola Co)

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, arrangements or understandings understanding between any BRRD Party and UK Bail-in Party and the Bankparties hereto, the Bank Company acknowledges and accepts that (i) a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority and (ii) a UK Bail-in Liability of a UK Bail-in Party arising under this Agreement may be subject to the exercise of UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority. Accordingly, and each party to this Agreement acknowledges, accepts, and agrees to be bound by: : (ia) the effect of the exercise of Bail-In Powers by the Relevant BRRD Resolution Authority in Powers and relation to any BRRD Liability of any BRRD Party to this Agreement or the exercise of UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement. Without limitation, that (without limitation) such exercise may include and result in any of the following, or some combination thereof: : (Ai) the reduction of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, into shares, other securities or other obligations of the relevant a BRRD Party and or UK Bail-in Party Party, as the case may be, or another person person, and the issue to or conferral on the Bank such other party to this Agreement of such shares, securities or obligations; ; (Ciii) the cancellation of the BRRD Liability and or UK Bail-in Liability; and , as the case may be; (Div) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and and (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant BRRD Resolution Authority and the relevant or UK resolution authority, as the case may be, to give effect to the exercise of Bail-in Powers and by the Relevant BRRD Resolution Authority or UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of . (c) As used in this Section 20:14,

Appears in 4 contracts

Samples: Underwriting Agreement (Coca Cola Co), Underwriting Agreement (Coca Cola Co), Underwriting Agreement (Coca Cola Co)

Contractual Recognition of Bail-In. 33.1 Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings understanding between any BRRD Party and UK Bail-in Party and the Bankparties to this Agreement, the Bank each party to this Agreement acknowledges and accepts that a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of the Relevant Bail-in Powers and UK Bail-in Powers Power by the Relevant Resolution Authority and by the relevant UK resolution authorityAuthority, and acknowledges, accepts, and agrees to be bound by: : (ia) the effect of the exercise of the Relevant Bail-in Powers and UK Bail-in Powers Power by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any a BRRD Party and UK Bail-in Party (a Relevant BRRD Party) to the Bank any other party under Section 11(b) of this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: : (Ai) the reduction of all, or a portion, of the BRRD Liability and UK Bail-in Liability or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and UK Bail-in Liability into shares, other securities or other obligations of the relevant Relevant BRRD Party and UK Bail-in Party or another person as the case may be (and the issue to or conferral on the Bank any other party to this Agreement, of such shares, securities or obligations; ), including by means of an amendment, modification or variation of the terms of this Agreement; (Ciii) the cancellation of the BRRD Liability and UK Bail-in Liability; and and (Div) the amendment or alteration of the amounts due in relation to the Liability, including any interest, if applicable, thereon, the maturity or the dates date on which any the payments are due, including by suspending payment for a temporary period; and and (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority and the relevant UK resolution authorityAuthority, to give effect to the exercise of the Relevant Bail-in Powers and UK Bail-in Powers Power by the Relevant Resolution Authority and the relevant UK resolution authority. Authority. 33.2 For the purposes of this Section 20Clause 33: (a) BRRD means Directive 2014/59/EU of 15 May 2014 establishing the framework for the recovery and resolution of credit institutions and investment firms or such other directive as may come into effect in place thereof, as implemented in the jurisdiction of the Relevant BRRD Party and as amended or replaced from time to time and including any relevant implementing regulatory provisions; (b) BRRD Party means any of Agent or the other Paying Agents which qualify as an institution or entity referred to in Article 1(1) of the BRRD;

Appears in 1 contract

Samples: Agency Agreement

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, arrangements or understandings between any BRRD Party and UK Bail-in Party and understanding among the BankBank or two or more of the Underwriters, the Bank and each Underwriter acknowledges and accepts that (i) a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and (ii) a UK Bail-in Liability arising under this Agreement may be subject to the exercise of UK Bail-in Powers by the relevant UK resolution authority, and acknowledges, accepts, accepts and agrees to be bound by: : (ia) the effect of the exercise of Bail-in Powers and by the Relevant Resolution Authority in relation to any BRRD Liability of any Underwriter to the Bank or one or more other Underwriters under this Agreement or the exercise of UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party Underwriter to the Bank or one or more other Underwriters under Section 11(b) of this Agreement. Without limitation, that (without limitation) such exercise may include and result in any of the following, or some combination thereof: : (Ai) the The reduction of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, into shares, other securities or other obligations of the relevant BRRD Party and UK Bail-in Party such Underwriter or another person person, and the issue to or conferral on one or more of the Bank or another Underwriter of such shares, securities or obligations; ; (Ciii) the cancellation of the BRRD Liability and or UK Bail-in Liability; and , as the case may be; (Div) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and ; (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority and the or relevant UK resolution authority, as the case may be, to give effect to the exercise of Bail-in Powers and by the Relevant Resolution Authority or UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority, as the case may be. For the purposes of this Section 20the preceding paragraph:

Appears in 1 contract

Samples: Underwriting Agreement (Toronto Dominion Bank)

Contractual Recognition of Bail-In. (a) Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings between any BRRD Party and UK Bail-in Party and the Bank, the Bank acknowledges and accepts that a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority, and acknowledges, accepts, and agrees to be bound by: (i) the effect of the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the BRRD Liability and UK Bail-in Liability or outstanding amounts due thereon; (B) the conversion of all, or a portion, of the BRRD Liability and UK Bail-in Liability into shares, other securities or other obligations of the relevant BRRD Party and UK Bail-in Party or another person and the issue to or conferral on the Bank of such shares, securities or obligations; (C) the cancellation of the BRRD Liability and UK Bail-in Liability; and (D) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and (ii) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority and the relevant UK resolution authority, to give effect to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of this Section 20:

Appears in 1 contract

Samples: Underwriting Agreement (European Investment Bank)

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings understanding between any BRRD Party of the parties hereto, each of the parties acknowledges, accepts, and agrees that any UK Bail-in Liability of a UK Bail-in Party and the Bank, the Bank acknowledges and accepts that a BRRD Liability and UK Bail-in Liability hereto arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant UK Resolution Authority and by the relevant UK resolution authority, and acknowledges, accepts, accepts and agrees to be bound by: : (ia) the effect of the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant UK Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank it under Section 11(b) of this Agreement, that (without limitation) limitation may include and result in any of the following, or some combination thereof: : (Ai) the reduction of all, or a portion, of the BRRD Liability and UK Bail-in Liability or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and UK Bail-in Liability into shares, other securities or other obligations of the relevant BRRD Party and UK Bail-in Party or another person (and the issue to or conferral on the Bank it of such shares, securities or obligations; ); (Ciii) the cancellation of the BRRD Liability and UK Bail-in Liability; and or (Div) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and and (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant UK Resolution Authority and the relevant UK resolution authorityAuthority, to give effect to the exercise of Bail-in Powers and any UK Bail-in Powers by the Relevant UK Resolution Authority and the relevant UK resolution authorityAuthority. For the purposes of this Section 20:section,

Appears in 1 contract

Samples: Underwriting Agreement (Prologis, L.P.)

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Contractual Recognition of Bail-In. 5[(a) Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings between any BRRD Party [and UK Bail-in Party Party] and the Bank, the Bank acknowledges and accepts that a BRRD Liability [and UK Bail-in Liability Liability] arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers [and UK Bail-in Powers Powers] by the Relevant Resolution Authority [and by the relevant UK resolution authority], and acknowledges, accepts, and agrees to be bound by: (i) the effect of the exercise of Bail-in Powers [and UK Bail-in Powers Powers] by the Relevant Resolution Authority [and the relevant UK resolution authority authority] in relation to any BRRD Liability [and UK Bail-in Liability Liability] of any BRRD Party [and UK Bail-in Party Party] to the Bank under Section 11(b) of this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the BRRD Liability [and UK Bail-in Liability Liability] or outstanding amounts due thereon; (B) the conversion of all, or a portion, of the BRRD Liability [and UK Bail-in Liability Liability] into shares, other securities or other obligations of the relevant BRRD Party [and UK Bail-in Party Party] or another person and the issue to or conferral on the Bank of such shares, securities or obligations; (C) the cancellation of the BRRD Liability [and UK Bail-in Liability]; and (D) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and (ii) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority [and the relevant UK resolution authority], to give effect to the exercise of Bail-in Powers [and UK Bail-in Powers Powers] by the Relevant Resolution Authority [and the relevant UK resolution authority]. For the purposes of this Section 20:

Appears in 1 contract

Samples: Underwriting Agreement (European Investment Bank)

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, arrangements or understandings understanding between any BRRD Party and UK Bail-in Party and the Bankparties hereto, the Bank Company acknowledges and accepts that (i) a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority and (ii) a UK Bail-in Liability of a UK Bail-in Party arising under this Agreement may be subject to the exercise of UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority. Accordingly, and each party to this Agreement acknowledges, accepts, and agrees to be bound by: : (ia) the effect of the exercise of Bail-In Powers by the Relevant BRRD Resolution Authority in Powers and relation to any BRRD Liability of any BRRD Party to this Agreement or the exercise of UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement. Without limitation, that (without limitation) such exercise may include and result in any of the following, or some combination thereof: : (Ai) the reduction of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, into shares, other securities or other obligations of the relevant a BRRD Party and or UK Bail-in Party Party, as the case may be, or another person person, and the issue to or conferral on the Bank such other party to this Agreement of such shares, securities or obligations; ; (Ciii) the cancellation of the BRRD Liability and or UK Bail-in Liability; and , as the case may be; (Div) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and and (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant BRRD Resolution Authority and the relevant or UK resolution authority, as the case may be, to give effect to the exercise of Bail-in Powers and by the Relevant BRRD Resolution Authority or UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of . (c) As used in this Section 2014:

Appears in 1 contract

Samples: Underwriting Agreement (Coca Cola Co)

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangementsarrangements or understanding between the parties thereto, or understandings between any BRRD each Transaction Party and UK Bail-in Party and the Bank, the Bank acknowledges and accepts that (i) a BRRD Liability and UK Bail-in Liability of a BRRD Party arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-In Powers by the Relevant BRRD Resolution Authority and (ii) a UK Bail-in Powers and Liability of a UK Bail-in Party arising under this Agreement may be subject to the exercise of UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority. Accordingly, and each party to this Agreement acknowledges, accepts, and agrees to be bound by: : (ia) the effect of the exercise of Bail-In Powers by the Relevant BRRD Resolution Authority in Powers and relation to any BRRD Liability of any BRRD Party to this Agreement or the exercise of UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement. Without limitation, that (without limitation) such exercise may include and result in any of the following, or some combination thereof: : (Ai) the reduction of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, or outstanding amounts due thereon; ; (Bii) the conversion of all, or a portion, of the BRRD Liability and or UK Bail-in Liability Liability, as the case may be, into shares, other securities or other obligations of the relevant a BRRD Party and or UK Bail-in Party Party, as the case may be, or another person person, and the issue to or conferral on the Bank such other party to this Agreement of such shares, securities or obligations; ; (Ciii) the cancellation of the BRRD Liability and or UK Bail-in Liability; and , as the case may be; (Div) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and and (iib) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant BRRD Resolution Authority and the relevant or UK resolution authority, as the case may be, to give effect to the exercise of Bail-in Powers and by the Relevant BRRD Resolution Authority or UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of As used in this Section 2023:

Appears in 1 contract

Samples: Underwriting Agreement (Prologis, L.P.)

Contractual Recognition of Bail-In. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understandings between any BRRD Party and UK Bail-in Party and the Bank, the Bank acknowledges and accepts that a BRRD Liability and UK Bail-in Liability arising under Section 11(b) of this Agreement may be subject to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and by the relevant UK resolution authority, and acknowledges, accepts, and agrees to be bound by: (i) the effect of the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority in relation to any BRRD Liability and UK Bail-in Liability of any BRRD Party and UK Bail-in Party to the Bank under Section 11(b) of this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the BRRD Liability and UK Bail-in Liability or outstanding amounts due thereon; (B) the conversion of all, or a portion, of the BRRD Liability and UK Bail-in Liability into shares, other securities or other obligations of the relevant BRRD Party and UK Bail-in Party or another person and the issue to or conferral on the Bank of such shares, securities or obligations; (C) the cancellation of the BRRD Liability and UK Bail-in Liability; and (D) the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and (ii) the variation of the terms of Section 11(b) of this Agreement, as deemed necessary by the Relevant Resolution Authority and the relevant UK resolution authority, to give effect to the exercise of Bail-in Powers and UK Bail-in Powers by the Relevant Resolution Authority and the relevant UK resolution authority. For the purposes of this Section 20:

Appears in 1 contract

Samples: Underwriting Agreement (European Investment Bank)

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