Common use of Recognition of U.S. Special Resolutions Regimes Clause in Contracts

Recognition of U.S. Special Resolutions Regimes. In the event that any Underwriter that is a Covered Entity (as defined below) becomes subject to a proceeding under a U.S. Special Resolution Regime (as defined below), the transfer from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.

Appears in 6 contracts

Sources: Underwriting Agreement (F&G Annuities & Life, Inc.), Underwriting Agreement (Fidelity National Financial, Inc.), Underwriting Agreement (F&G Annuities & Life, Inc.)