Common use of Recognition of the U.S. Special Resolution Regimes Clause in Contracts

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (a) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master SDA, and any interest and obligation in or under this Master SDA, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDA, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (b) In the event that any party that is a Covered Entity or a BHC Act Affiliate of such party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA that may be exercised against such party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA were governed by the laws of the United States or a state of the United States.

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (ai) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master SDAAAU and each AAU, and any interest and obligation in or under this Master SDAAAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDAAAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (bii) In the event that any party that is a Covered Entity or a BHC Act Affiliate of such party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA AAU or any AAU that may be exercised against such party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA AAU and such AAU were governed by the laws of the United States or a state of the United States.

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (ai) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master SDA, AAU and each AAU,11 and any interest and obligation in or under this Master SDAAAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDAAAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (bii) In the event that any party that is a Covered Entity or a BHC Act Affiliate of such party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA AAU or any AAU that may be exercised against such party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA AAU and such AAU were governed by the laws of the United States or a state of the United States.

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (a) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master SDA, AAU and each AAU,1 and any interest and obligation in or under this Master SDAAAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDAAAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (b) . In the event that any party that is a Covered Entity or a BHC Act Affiliate of such party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA AAU or any AAU that may be exercised against such party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA AAU and such AAU were governed by the laws of the United States or a state of the United States.

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (ai) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master SDA, AAU and each AAU,1 and any interest and obligation in or under this Master SDAAAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDAAAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (bii) In the event that any party that is a Covered Entity or a BHC Act Affiliate of such party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA AAU or any AAU that may be exercised against such party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA AAU and such AAU were governed by the laws of the United States or a state of the United States.

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (a) In the event that any party that is a Covered Entity Party becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master SDAAgreement and/or any other Transaction Document, and any interest and obligation in or under this Master SDA, Agreement and/or any other Transaction Document from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDAAgreement and/or any other the Transaction Document, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (b) In the event that any party that is a Covered Entity Party or a BHC Act Affiliate of such party Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA Agreement and/or any other Transaction Document that may be exercised against such party Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA Agreement and/or any other Transaction Document were governed by the laws of the United States or a state of the United States.

Recognition of the U.S. Special Resolution Regimes. Notwithstanding anything to the contrary in this Master SDA: (a) In the event that any party Underwriter, any Forward Seller or any Forward Purchaser that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party Underwriter, such Forward Seller or such Forward Purchaser of this Master SDAAgreement, and any interest and obligation in or under this Master SDAAgreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master SDAAgreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (b) In the event that any party Underwriter, any Forward Seller or any Forward Purchaser that is a Covered Entity or a BHC Act Affiliate of such party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Master SDA Agreement that may be exercised against such party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Master SDA Agreement were governed by the laws of the United States or a state of the United States.