Additional Disruption Event Clause Samples
The "Additional Disruption Event" clause defines specific circumstances, beyond standard market disruptions, that can trigger special procedures or rights under a contract. This clause typically outlines extra events—such as changes in law, tax events, or other unforeseen market conditions—that may impact the performance or settlement of financial transactions. By clearly identifying these additional triggers, the clause ensures that both parties are prepared for a broader range of contingencies, thereby allocating risk and providing a mechanism to address unexpected disruptions in the market.
Additional Disruption Event. Change in Law: Applicable Section 12.9 (a)(ii) of the Equity Definitions is replaced in its entirety by the words:
Additional Disruption Event. Change in Law: Applicable.
Additional Disruption Event. Change in Law: Applicable. Section 12.9 (a) (ii) of the 2002 ISDA Equity Definitions is replaced in its entirety by the words:
Additional Disruption Event. In case such specified Disruption Event occurs, the Issuer may in its sole discretion (a) require the Calculation Agent to determine the appropriate adjustment to the Conditions and/or the applicable Final Terms to account for the Additional Disruption Event and determine the effective date of that adjustment; or (b) redeem all Notes at the Early Redemption Amount. If the Prohibition of sales to consumers in Belgium is specified as not applicable in the applicable Final Terms, adjustments and modifications shall be subject to the conditions set out in Condition 11(a), paragraph 3.