; or (B) disaffirm or repudiate none of the qualified financial contracts referred to in subparagraph (A) (with respect to such person or any affiliate of such person). (12) Certain security interests not avoidable No provision of this subsection shall be construed as permitting the avoidance of any legally enforceable or perfected security interest in any of the assets of any payment stablecoin issuer except where such an interest is taken in contemplation of the issuer’s insolvency or with the intent to hinder, delay, or defraud the issuer or the creditors of such issuer. (13) Authority to enforce contracts (A) In general The Corporation as conservator or receiver may enforce any contract, other than a director’s or officer’s liability insurance contract or a bond, entered into by the payment stablecoin issuer notwithstanding any provision of the contract providing for termination, default, acceleration, or exercise of rights upon, or solely by reason of, insolvency or the appointment of or the exercise of rights or powers by the Corporation as conservator or receiver. (B) Certain rights not affected No provision of this paragraph may be construed as impairing or affecting any right of the Corporation as conservator or receiver to enforce or recover under a director’s or officer’s liability insurance contract or bond under other applicable law. (C) Consent requirement (i) In general Except as otherwise provided by this section or section 15 of the Federal Deposit Insurance Act ( 12 U.S.C. 1825 ), no person may exercise any right or power to terminate, accelerate, or declare a default under any contract to which the payment stablecoin issuer is a party, or to obtain possession of or exercise control over any property of the issuer or affect any contractual rights of the issuer, without the consent of the Corporation as conservator or receiver, as appropriate, during the 45-day period beginning on the date of the appointment of the Corporation as conservator, or during the 90-day period beginning on the date of