Resolution Measures Sample Clauses
The Resolution Measures clause outlines the steps and procedures to be followed when resolving disputes or issues that arise under the agreement. Typically, it specifies methods such as negotiation, mediation, or arbitration, and may set out timelines, required notifications, or the involvement of third-party mediators. By establishing a clear process for addressing conflicts, this clause helps prevent escalation, ensures fairness, and provides a structured path to resolve disagreements efficiently.
Resolution Measures. (1) By subscribing for or otherwise acquiring this Note, each Holder (including Beneficial Owners) shall be bound by and shall be deemed to consent to the imposition of any Resolution Measure (as defined below) by the competent resolution authority.
Resolution Measures. Finland has implemented the European Union bankDirective 2014/59/EU providing for the establishment of an EU-wide framework for the recovery and resolution directive, and the newof credit institutions and investment firms (below, the “BRRD”), and the regime under the directiveBRRD enables authorities to take a range of actions in relation to financial institutions considered to be at risk of failing. These new rules apply only to counterparties, which are a Bank/Credit Institution or an Investment Firm/Broker/Dealer. credit institutions or investment firms. The European Union Bank Recovery and Resolution Directive (the “BRRD”)BRRD entered into force on 2 July 2014 and it was implemented in Finland with effect as of 1 January 2015 principally by the Act on Procedure for the Resolution of Credit Institutions and Investment Firms (1194/2014, as amended;, in Finnish: laki luottolaitosten ja sijoituspalveluyritysten kriisinratkaisusta, the “Resolution Act”), the Act on the Financial Stability Authority (1195/2014, as amended;, in Finnish: laki rahoitusvakausviranomaisesta, the “Authority Act”) and by amending the Act on the Operations of Credit Institutions (in Finnish: laki luottolaitostoiminnasta) and other related
Resolution Measures