Examples of Special Resolution Regimes in a sentence
To address this, the Final Rule requires a Covered Entity to ensure that each QFC it enters into (a "Covered QFC") includes provisions that (i) restrict default rights against such Covered Entity to the same extent as provided under the U.S. Special Resolution Regimes and (ii) restrict the exercise of any cross-default rights against such Covered Entity based on any affiliate's entry into bankruptcy or similar proceedings.
If we become insolvent or default on our obligations under the CBBCs or our Guarantor becomes insolvent or defaults on its obligations under the Guarantee or our Guarantor becomes subject to a resolution proceeding under the U.S. Special Resolution Regimes (as defined below), you may not be able to recover all or even part of the amount due under the CBBCs (ifany).
Section 366 of the U.S. Bankruptcy Code does not address cross-defaults or provide additional clarity regarding the application of the U.S. Special Resolution Regimes.
In this way, the final rule enhances the prospects for an orderly resolution in bankruptcy and under theU.S. Special Resolution Regimes.
The stay-and-transfer provisions of the U.S. Special Resolution Regimes would not achieve their purpose of facilitating orderly resolution in the context of the failure of a GSIB with large volumes of QFCs if such QFCs could escape the effect of those provisions.
This is not limited to a proceeding under the U.S. Special Resolution Regimes but would also include, for example, a proceeding under Chapter 11 of the U.S. Bankruptcy Code.
Improving timeliness and quality of plans is a priority in Cheshire East’s written statement of action following the inspection of services in March 2018.
Processor shall promptly notify Controller of any inability by Processor to comply with the provisions of this Section 11.1.
Within FAAs Global Leadership Initiative (GLI), the U.S. aims to improve safety, air traffic efficiency, and environmental sustainability across the globe.
Outside the specific quota requirements, the BBC has taken steps to encourage creative competition through introducing the Connected Studios programme in 2011, a series of structured opportunities, open to both in-house teams and external suppliers which are designed to develop ideas for innovative features and formats.