Common use of Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions Clause in Contracts

Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary herein or in any other Loan Document, each party heretothe Parent Borrower, each Lender and the Administrative Agent (each, an “Acknowledging Party”) acknowledges that any liability of any party heretoLender that is an EEAAffected Financial Institution arising hereunder or under any other Loan Document, to the extent such liability is unsecured and solely relates to the Loans and not to any other Person, including any other party hereto or any other Loan Document (and not to any other obligations), to such Acknowledging Party (all such liabilities, other than any Excluded Liability, the “Covered Liabilities”), may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

Appears in 2 contracts

Samples: Abl Credit Agreement (Core & Main, Inc.), Credit Agreement (Core & Main, Inc.)

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Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary herein or in any other Loan Document, each party heretothe Parent the Borrower, each Lender party heretoLender and the Administrative Agent (each, an “Acknowledging Party”) acknowledges that any liability of any party heretoLender that is an EEAAffected Financial Institution arising hereunder or under any other Loan Document, to the extent such liability is unsecured and solely relates to the Loans and not to any other Person, including any other party hereto or any other Loan Document (and not to any other obligations), to such Acknowledging Party (all such liabilities, other than any Excluded Liability, the “Covered Liabilities”), may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

Appears in 2 contracts

Samples: First Amendment (Core & Main, Inc.), First Amendment (Core & Main, Inc.)

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