Netherlands Bank Rules Clause Samples
The Netherlands Bank Rules clause establishes that banking transactions and relationships governed by the agreement will adhere to the rules and regulations set forth by Dutch banking authorities, such as De Nederlandsche Bank. In practice, this means that any payments, account operations, or financial settlements must comply with the standards and procedures mandated by these regulatory bodies. The core function of this clause is to ensure that all parties operate within the legal and procedural framework required by Dutch law, thereby reducing legal uncertainty and ensuring regulatory compliance in financial dealings.
Netherlands Bank Rules. The share of each new Lender located in or organized under the laws of the Netherlands in the Loans and the share of each new Lender hereunder in the Loans to a Netherlands Borrower (or its portion in the rights and obligations relating to such Loans transferred by an existing Lender) shall initially be at least the Dollar Equivalent of EUR 100,000 (or such higher amount as may be required at the time of the transfer in order for the new Lender to qualify as a Professional Market Party) or such new Lender shall otherwise qualify as a Professional Market Party, and each such new Lender shall confirm the foregoing on the date on which it becomes a Lender hereunder by execution and delivery of its Assignment and Assumption Agreement in which the new Lender confirms that it is a Professional Market Party.
Netherlands Bank Rules. The value of the rights against a Netherlands Borrower that are acquired by a New Lender shall be at least €100,000 (or its equivalent in other currencies) or, if the competent authority has published its interpretation of the term ‘public’ as referred to in article 4.1.(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms, such other minimum amount as may be required for the new Lender not to be considered part of the public under such interpretation.
Netherlands Bank Rules. The share of each new Lender located in or organized under the laws of the Netherlands and the share of each new Lender hereunder in the Loans to a Netherlands Borrower (or its portion in the rights and obligations relating to such Loans transferred by an existing Lender) shall initially be at least the Dollar Equivalent of EUR 50,000 or such new Lender shall otherwise qualify as a Professional Market Party, and each such new Lender shall confirm the foregoing on the date on which it becomes a Lender hereunder by execution and delivery of its Assignment and Assumption Agreement in which the new Lender confirms that it is a Professional Market Party.