Common use of Recognition of Bail-In Clause in Contracts

Recognition of Bail-In. 35.1 Notwithstanding any other term of this Agreement or any other agreements, arrangements, or understandings among Crédit Industriel et Commercial (in its capacity as an Issuer), the Agents, each agent organised in a member state of the European Economic Area which has implemented the Bail- in Legislation and which is named as an Agent in respect of a single Tranche of Notes, Series of Notes or the whole Programme (each, a "BRRD Party"), and each agent organised outside the European Economic Area or in a member state of the European Economic Area which has not implemented the Bail-in Legislation and which is named as an Agent in respect of a single Tranche of Notes, Series of Notes or the whole Programme (each, a "Non BRRD Party"), each BRRD Party and Non BRRD Party 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:

Recognition of Bail-In. 35.1 Notwithstanding any other term of this Agreement or any other agreements, arrangements, or understandings among Crédit Industriel et Commercial (in its capacity as an Issuer), the Agents, each agent organised in a member state of the European Economic Area which has implemented the Bail- in Legislation and which is named as an Agent in respect of a single Tranche of Notes, Series of Notes or the whole Programme (each, a "BRRD Party"), and each agent organised outside the European Economic Area or in a member state of the European Economic Area which has not implemented the Bail-in Legislation and which is named as an Agent in respect of a single Tranche of Notes, Series of Notes or the whole Programme (each, a "Non BRRD Party"), each BRRD Party and Non BRRD Party 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: