Common use of Special Resolution Regimes Clause in Contracts

Special Resolution Regimes. (i) 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 Agreement and any interest and obligation in or under this Agreement will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.

Special Resolution Regimes. (i) 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 Agreement (and any interest and obligation in or under under, and any property securing, this Agreement Agreement) 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 AgreementAgreement (and any interest and obligation in or under, and any such interest and obligationproperty securing, this Agreement) were governed by the laws of the United States or a state State of the United States.