termination right

Defined in Article 2, Bank Recovery and Resolution Directive (BRRD)

Definitions over time (1)

1. 20/07/2017 – today applies on 12/11/2026 Article 2, Bank Recovery and Resolution Directive (BRRD) Scope: Whole act

   For the purposes of this Directive the following definitions apply:

   ‘termination right’ means a right to terminate a contract, a right to accelerate, close out, set-off or net obligations or any similar provision that suspends, modifies or extinguishes an obligation of a party to the contract or a provision that prevents an obligation under the contract from arising that would otherwise arise;

Used in (12 places in 5 provisions on 12/11/2026)

Bank Recovery and Resolution Directive (BRRD) (12 in 5)

Recital 94² · Article 2 · Article 33a · Article 71⁷ · Article 71a