Common use of EU CONTRACTUAL RECOGNITION OF BAIL-IN Clause in Contracts

EU CONTRACTUAL RECOGNITION OF BAIL-IN. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between the parties to this Agreement, each of the parties to this Agreement acknowledges and accepts that a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority, and acknowledges, accepts, and agrees to be bound by: (a) the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of any BRRD Entity (a Relevant BRRD Party) to any other party under this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (i) the reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon; (ii) the conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of the Relevant BRRD Party or another person, and the issue to or conferral on any other party to this Agreement of such shares, securities or obligations; (iii) the cancellation of any BRRD Liability; and (iv) the amendment or alteration of the amounts due in relation to any BRRD Liability, including any interest, if applicable, thereon, or the date on which any payments are due, including by suspending payment for a temporary period; and (b) the variation of the terms of this Agreement as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority. For the purposes of this clause 35:

EU CONTRACTUAL RECOGNITION OF BAIL-IN. 11.1 Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among any of the parties to this Agreement, each of the parties to this Agreement acknowledges acknowledges, accepts and accepts agrees that a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority, and acknowledges, accepts, accepts and agrees to be bound by: (a) the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of any a BRRD Entity Party (a Relevant BRRD Party) to any other party under this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (i) the reduction of all, or a portion, of the any BRRD Liability or outstanding amounts due thereon; (ii) the conversion of all, or a portion, of the any BRRD Liability into shares, other securities or other obligations of the Relevant BRRD Party or another person, person as the case may be (and the issue to or conferral on any other party to this Agreement Agreement, of such shares, securities or obligations); (iii) the cancellation of any BRRD Liability; and (iv) the amendment or alteration of the amounts due in relation to any BRRD Liability, including any interest, if applicable, thereon, or the date dates on which any the payments are due, including by suspending payment for a temporary period; and (b) the variation of the terms of this Agreement Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority. . 11.2 For the purposes of this clause 3511:

EU CONTRACTUAL RECOGNITION OF BAIL-IN. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among any of the parties to this Agreement, each of the parties to this Agreement acknowledges acknowledges, accepts and accepts agrees that a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority, and acknowledges, accepts, accepts and agrees to be bound by: (a) the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of any a BRRD Entity Party (a Relevant BRRD Party) to any other party under this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (i) the reduction of all, or a portion, of the any BRRD Liability or outstanding amounts due thereon; (ii) the conversion of all, or a portion, of the any BRRD Liability into shares, other securities or other obligations of the Relevant BRRD Party or another person, person as the case may be (and the issue to or conferral on any other party to this Agreement Agreement, of such shares, securities or obligations); (iii) the cancellation of any BRRD Liability; and (iv) the amendment or alteration of the amounts due in relation to any BRRD Liability, including any interest, if applicable, thereon, or the date dates on which any the payments are due, including by suspending payment for a temporary period; and (b) the variation of the terms of this Agreement Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority. For the purposes of this clause 35:.

EU CONTRACTUAL RECOGNITION OF BAIL-IN. 35.1 Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among any of the parties to this Agreement, each of the parties to this Agreement acknowledges acknowledges, accepts and accepts agrees that a BRRD Liability arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution Authority, and acknowledges, accepts, accepts and agrees to be bound by: (a) the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of any a BRRD Entity Party (a Relevant BRRD Party) to any other party under this Agreement, that (without limitation) may include and result in any of the following, or some combination thereof: (i) the reduction of all, or a portion, of the any BRRD Liability or outstanding amounts due thereon; (ii) the conversion of all, or a portion, of the any BRRD Liability into shares, other securities or other obligations of the Relevant BRRD Party or another person, person as the case may be (and the issue to or conferral on any other party to this Agreement Agreement, of such shares, securities or obligations); (iii) the cancellation of any BRRD Liability; and (iv) the amendment or alteration of the amounts due in relation to any BRRD Liability, including any interest, if applicable, thereon, or the date dates on which any the payments are due, including by suspending payment for a temporary period; and (b) the variation of the terms of this Agreement Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority. . 35.2 For the purposes of this clause 35: