Contractual Recognition Provision Clause (EU and UK Bail-In) (Loan Agreement)

Summary

This precedent is a standard clause for loan agreements and credit facilities governed by applicable provincial and federal laws of Canada to which a European financial institution is party that conforms to the requirements of European and United Kingdom bail-in legislation and regulations. This precedent includes practical guidance and drafting notes. For more information on loan and security agreements, see the practice notes Loan Types, Asset-Based Loans, Loan Agreement Alternatives, and Termination of Loan and Security Documents. For more information about the use of covenants in a loan agreement, see Covenants in a Loan Agreement. For an overview of the key elements found in a loan agreement, see Loan Agreement: Key Elements. For information to assist you with the drafting and negotiation of loan and credit agreements, see the flowchart Loan and Credit Agreements Table. For an introduction to asset-based financing, see Asset-Based Financing. For a high-level overview of the many ...