Relevant Bail Clause Samples
The Relevant Bail clause defines the terms and conditions under which bail is considered applicable or relevant in a given legal context. Typically, this clause outlines the circumstances in which a party may be required to post bail, the acceptable forms of bail (such as cash, bond, or property), and any specific requirements or limitations associated with the bail process. By clearly specifying these details, the clause ensures that all parties understand their obligations and the procedures involved, thereby reducing ambiguity and facilitating the smooth administration of justice.
Relevant Bail in Power means, in the case of the Issuer, the Norwegian Bail-in Power and, in the case of a Dealer, any write-down, conversion, transfer, modification, or suspension power existing from time to time under, and exercised in compliance with, any laws, regulations, rules or requirements in effect in the jurisdiction of the relevant Dealer, relating to the implementation of the BRRD;