EU Bail Sample Clauses

The EU Bail clause establishes the conditions under which a party may be required to provide financial security or a guarantee, often in the form of a bail or bond, to comply with European Union regulations or legal proceedings. Typically, this clause applies in contexts where assets or individuals are subject to EU jurisdiction, such as in cross-border disputes or regulatory enforcement actions, and may require the posting of a specified sum to ensure compliance or appearance. Its core practical function is to ensure that parties fulfill their obligations under EU law, mitigating the risk of non-compliance or evasion by providing a financial incentive to adhere to legal requirements.
EU Bail. In Legislation Schedule means the document described as such and published by the Loan Market Association (or any successor person) from time to time.
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EU Bail. In In the event that any Finance Document (other than Hedging Agreements) will be governed by the laws of a non-EEA Member Country, then to the extent the Agent determines it is necessary such Finance Document shall either prior to its entry, or if already in force be amended to, contain the current form of EU bail-in provisions recommended by the Loan Market Association. 23 VESSEL COVENANTS The undertakings set out in this Clause 23 shall remain in force from the date of this Agreement and throughout the Security Period.
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EU Bail. In Legislation Schedule means the document described as such and published by the LMA (or any successor person) from time to time;
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EU Bail. In In the event that any Finance Document (other than Hedging Agreements) will be governed by the laws of a non-EEA Member Country, then to the extent the Agent determines it is necessary such Finance Document shall either prior to its entry, or if already in force be amended to, contain the current form of EU bail-in provisions recommended by the Loan Market Association. 22.25 Anti-bribery, anti-corruption and anti-money laundering The Borrowers shall not use the proceeds of the Facilities for any purpose which would breach the Bribery Act 2010, the United States Foreign Corrupt Practices Act of 1977 or similar legislation in applicable jurisdictions, and shall ensure compliance with any anti-corruption laws, and any law, official requirement or other regulatory measure or procedure implemented to combat money laundering (as defined in Article 1 of the Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2006 (as amended, supplemented and/or replaced from time to time). 23 VESSEL COVENANTS The undertakings set out in this Clause 23 shall remain in force from the date of this Agreement and throughout the Security Period.
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EU Bail. In In the event that any Finance Document (other than Hedging Agreements) will be governed by the laws of a non-EEA Member Country, then to the extent the Agent determines it is necessary such Finance Document shall either prior to its entry, or if already in force be amended to, contain the current form of EU bail-in provisions recommended by the Loan Market Association. 23 VESSEL COVENANTS The undertakings set out in this Clause 23 shall remain in force from the date of this Agreement and throughout the Security Period. 23.1 Insurance a) The Borrowers shall maintain or ensure that each Vessel is insured against such risks, including but not limited to, Hull and Machinery, Protection & Indemnity (including maximum cover for pollution liability with a club within the International Group of P&I Clubs), Hull Interest and/or Freight Interest and War Risk (including acts of terrorism, hijacking, confiscation and piracy) insurances, in such amounts, on such terms and with such brokers, clubs and/or insurers as the Agent (acting on the instruction of the Majority Lenders) from time to time shall approve (such approval not to be unreasonably withheld).
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EU Bail. In Legislation Schedule shall mean the document described as such and published by the Loan Market Association (or any successor person) from time to time. Event of Default shall mean any of the events specified as an event of default in Section 7.1 of this Agreement, and Default shall mean any of such events, whether or not any requirement for notice, grace or cure has been satisfied.
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EU Bail. In In the event that any Finance Document will be governed by the laws of a non-EEA Member Country, then to the extent the Facility Agent determines it is necessary such Finance BD-#34696673-v11 65
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