Common use of Stay Provisions Clause in Contracts

Stay Provisions. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among the parties to this Agreement, each of the parties to this Agreement acknowledges and accepts that if a transaction relating to or under this Agreement qualifies as a Covered Agreement and relates to a Regulated Entity, and only to the extent that any relevant party is not an Excluded Counterparty: (a) the provisions regarding: (i) the suspension of any payment or delivery obligation in accordance with articles 33a and 69 BRRD as implemented by the applicable national law; (ii) the restriction of enforcement of any security interest in accordance with article 70 BRRD as implemented by the applicable national law; and/or (iii) the suspension of any termination rights and other contractual rights under the transaction in accordance with article 71 BRRD as implemented by the applicable national law, may be applied to the transaction; (b) the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law will apply, and (c) each of the parties accepts and agrees to be bound by the effect of a temporary suspension of payment or delivery obligations, termination rights and other contractual rights or a temporary restriction of enforcement of any security interest, in each case resulting from the exercise of measures pursuant to articles 33a, 69, 70 and 71 BRRD as implemented by the applicable national law with respect to the transaction, and accepts and agrees that they are bound by the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law. (d) The following defined terms shall apply to this Section 9.23:

Appears in 3 contracts

Samples: Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp), 364 Day Credit Agreement (Toyota Motor Credit Corp)

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Stay Provisions. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among the parties to this Agreement, each of the parties to this Agreement acknowledges and accepts that if a transaction relating to or under this Agreement qualifies as a Covered Agreement and relates to a Regulated Entity, and only to the extent that any relevant party is not an Excluded Counterparty: (a) the provisions regarding: (i) the suspension of any payment or delivery obligation in accordance with articles 33a and 69 BRRD as implemented by the applicable national law; (ii) the restriction of enforcement of any security interest in accordance with article 70 BRRD as implemented by the applicable national law; and/or (iii) the suspension of any termination rights and other contractual rights under the transaction in accordance with article 71 BRRD as implemented by the applicable national law, may be applied to the transaction; (b) the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law will apply, and (c) each of the parties accepts and agrees to be bound by the effect of a temporary suspension of payment or delivery obligations, termination rights and other contractual rights or a temporary restriction of enforcement of any security interest, in each case resulting from the exercise of measures pursuant to articles 33a, 69, 70 and 71 BRRD as implemented by the applicable national law with respect to the transaction, and accepts and agrees that they are bound by the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law. (d) The following defined terms shall apply to this Section 9.23:: 108 Toyota – Five Year Credit Agreement (2021)

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

Stay Provisions. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among the parties to this Agreement, each of the parties to this Agreement acknowledges and accepts that if a transaction relating to or under this Agreement qualifies as a Covered Agreement and relates to a Regulated Entity, and only to the extent that any relevant party is not an Excluded Counterparty: (a) the provisions regarding:: 108 Toyota – Three Year Credit (i) the suspension of any payment or delivery obligation in accordance with articles 33a and 69 BRRD as implemented by the applicable national law; (ii) the restriction of enforcement of any security interest in accordance with article 70 BRRD as implemented by the applicable national law; and/or (iii) the suspension of any termination rights and other contractual rights under the transaction in accordance with article 71 BRRD as implemented by the applicable national law, may be applied to the transaction; (b) the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law will apply, and (c) each of the parties accepts and agrees to be bound by the effect of a temporary suspension of payment or delivery obligations, termination rights and other contractual rights or a temporary restriction of enforcement of any security interest, in each case resulting from the exercise of measures pursuant to articles 33a, 69, 70 and 71 BRRD as implemented by the applicable national law with respect to the transaction, and accepts and agrees that they are bound by the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law. (d) The following defined terms shall apply to this Section 9.23:

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

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Stay Provisions. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements, or understanding between or among the parties to this Agreement, each of the parties to this Agreement acknowledges and accepts that if a transaction relating to or under this Agreement qualifies as a Covered Agreement and relates to a Regulated Entity, and only to the extent that any relevant party is not an Excluded Counterparty: (a) the provisions regarding:: 111 Toyota - 364 Day Credit Agreement (i) the suspension of any payment or delivery obligation in accordance with articles 33a and 69 BRRD as implemented by the applicable national law; (ii) the restriction of enforcement of any security interest in accordance with article 70 BRRD as implemented by the applicable national law; and/or (iii) the suspension of any termination rights and other contractual rights under the transaction in accordance with article 71 BRRD as implemented by the applicable national law, may be applied to the transaction; (b) the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law will apply, and (c) each of the parties accepts and agrees to be bound by the effect of a temporary suspension of payment or delivery obligations, termination rights and other contractual rights or a temporary restriction of enforcement of any security interest, in each case resulting from the exercise of measures pursuant to articles 33a, 69, 70 and 71 BRRD as implemented by the applicable national law with respect to the transaction, and accepts and agrees that they are bound by the provisions regarding the exclusion of certain contractual terms in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law. (d) The following defined terms shall apply to this Section 9.23:

Appears in 1 contract

Samples: 364 Day Credit Agreement (Toyota Motor Credit Corp)

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