Recognition of Bail-In. Notwithstanding any other term of this Agreement or any other agreements, arrangements, or understanding between the Bank and the Underwriters, each Underwriter acknowledges, accepts, and agrees to be bound by, to the extent that the relevant exercise of the Bail-in Power by the Relevant Resolution Authority is permitted by the law and regulation applicable in Spain:
Appears in 6 contracts
Samples: Underwriting Agreement (Banco Santander, S.A.), Underwriting Agreement (Banco Santander, S.A.), Underwriting Agreement (Banco Santander, S.A.)