Examples of Citi Affiliate in a sentence
In the event CEI or any Citi Affiliate becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights with respect to any Relevant Agreement against CEI are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Relevant Agreement were governed by the laws of the United States or a state of the United States.
After a Citi Affiliate has become subject to an Insolvency Proceeding, if the Client seeks to exercise any Default Right with respect to any Relevant Agreement, the Client shall have the burden of proof, by clear and convincing evidence that the exercise of such Default Right is permitted thereunder.
In the event the Bank or any Citi Affiliate becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights with respect to any Relevant Agreement against the Bank are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Relevant Agreement were governed by the laws of the United States of America or a state of the United States of America.
After a Citi Affiliate has become subject to an Insolvency Proceeding, if Counterparty seeks to exercise any Default Right with respect to any Relevant Agreement, Counterparty shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted thereunder.
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Notwithstanding anything to the contrary in the Agreement, this Master Confirmation or any other agreement, the parties hereto expressly acknowledge and agree that, subject to Section 27(c) below, Counterparty shall not be permitted to exercise any Default Right against Citi with respect to the Agreement or this Master Confirmation that is related, directly or indirectly, to a Citi Affiliate becoming subject to an Insolvency Proceeding.
The file shall comprise a record of the drafting process from the preparation of the assessment to the receipt of all the opinions and documents assembled or received during the drafting process.