Common use of Special Resolution Regimes Clause in Contracts

Special Resolution Regimes. In the event that Buyer becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from Buyer of this Agreement and/or the Repurchase Documents, and any interest and obligation in or under this Agreement and/or the Repurchase Documents, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement and/or the Repurchase Documents, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.

Special Resolution Regimes. In the event that Buyer becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from Buyer of this Agreement and/or the Repurchase Facility Documents, and any interest and obligation in or under this Agreement and/or the Repurchase Facility Documents, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement and/or the Repurchase Facility Documents, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.

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

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