Examples of BRRD Party in a sentence
Include “[ BRRD Party] and [BRRD Party] (each a “BRRD Party”)” where the liabilities of both parties under the Agreement may be subject to bail-in under the BRRD.
Include “a BRRD Party (“ Relevant BRRD Party”) to the other BRRD Party” where the liabilities of both parties under the Agreement may be subject to bail-in under the BRRD.
House of Commons Information Office, Disciplinary and Penal Powers of the House, London, March 2003, p7.
Relevant BRRD Party means an entity that could become subject to a Bail-in Action (as defined in the Attachment).
Accordingly, each party to this Agreement acknowledges, accepts, and agrees to be bound by: (A) the effect of the exercise of Bail-In Powers by the Relevant BRRD Resolution Authority in relation to any BRRD Liability of any BRRD Party to this Agreement.