(x)The term “person” includes any governmental entity in addition to any entity included in the definition of such term in section 1, title 1. (E)No provision of law shall be construed as limiting the right or power of the Corporation, or authorizing any court or agency to limit or delay, in any manner, the right or power of the Corporation to transfer any qualified financial contract or to disaffirm or repudiate any such contract in accordance with this subsection. (F) (i)Notwithstanding the provisions of subparagraph (A) of this paragraph and sections 403 and 404 of the Federal Deposit Insurance Corporation Improvement Act of 1991 [, 4404], no walkaway clause shall be enforceable in a qualified financial contract of a covered financial company in default. (ii)In the case of a qualified financial contract referred to in clause (i), any payment or delivery obligations otherwise due from a party pursuant to the qualified financial contract shall be suspended from the time at which the Corporation is appointed as receiver until the earlier of— (I)the time at which such party receives notice that such contract has been transferred pursuant to paragraph (10)(A); or (II)5:00 p.m. (eastern time) on the business day following the date of the appointment of the Corporation as receiver.


12 USC § 5390(c)(8)(D)(x)

Scoping language

None: Default is title Scope
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