Common use of Agreement and Acknowledgement with Respect to the Exercise of the Bail-in Power Clause in Contracts

Agreement and Acknowledgement with Respect to the Exercise of the Bail-in Power. Notwithstanding any other terms of this Indenture or any other agreement, arrangement or understanding between the parties to this Indenture, each counterparty to a BRRD Party under this Indenture acknowledges and accepts that any liability of a BRRD Party to it under or in connection with this Indenture may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of:

Agreement and Acknowledgement with Respect to the Exercise of the Bail-in Power. Notwithstanding any other terms of this Indenture or any other agreement, arrangement or understanding between the parties to this Indenture, each counterparty of the parties to a BRRD Party under this Indenture acknowledges and accepts that any liability of a BRRD Party to it Liability arising under or in connection with this Indenture may be subject to Bail-In Action by the relevant Resolution Authority and acknowledges and accepts to be bound by the effect of: