Recognition of the U.S. Special Resolution Regimes. (i) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master AAU and each AAU, and any interest and obligation in or under this Master AAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master AAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.
Appears in 34 contracts
Samples: Master Agreement (RiverNorth Managed Duration Municipal Income Fund II, Inc.), Master Agreement (Nuveen Variable Rate Preferred & Income Fund), Master Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.)
Recognition of the U.S. Special Resolution Regimes. (i) In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master AAU and each AAU, AAU,11 and any interest and obligation in or under this Master AAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master AAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.
Appears in 4 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
Recognition of the U.S. Special Resolution Regimes. (i) In i)In the event that any party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such party of this Master AAU and each AAU, AAU,1 and any interest and obligation in or under this Master AAU and each AAU, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Master AAU and each AAU, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.
Appears in 2 contracts
Samples: Master Agreement, Master Agreement
