Common use of UK Bail Clause in Contracts

UK Bail. In Legislation means (to the extent that the United Kingdom is not an EEA Member Country which has implemented, or implements, Article 55 BRRD) Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings).

Appears in 6 contracts

Samples: Assignment Agreement (StoneX Group Inc.), Facility Agreement (StoneX Group Inc.), greshamhouse.com

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UK Bail. In Legislation means (to the extent that the United Kingdom is not an EEA Member Country which has implemented, or implements, Article 55 BRRD) Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings).. US Tax Obligor means:

Appears in 1 contract

Samples: Facility Agreement (Hafnia LTD)

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