Common use of Bail Clause in Contracts

Bail. In Action means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

Appears in 5 contracts

Sources: Credit Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Steel Partners Holdings L.P.), Credit Agreement (Koppers Holdings Inc.)

Bail. In Action means shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

Appears in 2 contracts

Sources: Credit Agreement (Paylocity Holding Corp), Revolving Credit Facility (New Jersey Resources Corp)

Bail. In Action means shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA EEAAffected Financial Institution.

Appears in 2 contracts

Sources: Credit Agreement (Healthcare Services Group Inc), Credit Agreement and Security Agreement (Paylocity Holding Corp)

Bail. In Action means shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. Bail-In Legislation shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

Appears in 2 contracts

Sources: Credit Agreement (Triumph Group Inc), Credit Agreement (Stoneridge Inc)

Bail. In Action means shall mean, the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

Appears in 1 contract

Sources: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)

Bail. In Action means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. Bail-In Legislation means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

Appears in 1 contract

Sources: Credit Agreement (Mastech Digital, Inc.)

Bail. In Action means shall mean the exercise of any Write-Down down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

Appears in 1 contract

Sources: Credit Agreement (New Jersey Resources Corp)

Bail. In Action means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA EEAAffected Financial Institution.

Appears in 1 contract

Sources: Credit Agreement (Vail Resorts Inc)