Common use of Cumulative Events Clause in Contracts

Cumulative Events. Notwithstanding anything herein to the contrary, in no event shall the total number of consecutive calendar days during which either (i) valuation is deferred due to an Unscheduled Holiday, or (ii) a Valuation Postponement shall occur (or any combination of (i) and (ii)), exceed 30 consecutive calendar days in the aggregate. Accordingly, (x) if, upon the lapse of any such 30 day period, an Unscheduled Holiday shall have occurred or be continuing on the day following such period, then such day shall be deemed to be a Valuation Date, and (y) if, upon the lapse of any such 30 day period, a Price Source Disruption shall have occurred or be continuing on the day following such period, then Valuation Postponement shall not apply and the Spot Rate shall be determined in accordance with the next Disruption Fallback. Maximum Days of Postponement: Thirty (30) calendar days. Relevant Cities for Business Day for Valuation Date: Sao Paulo, New York and London. Relevant Cities for Business Day for Settlement Date: Sao Paulo, New York and London. Calculation Agent: Party A.

Cumulative Events. Notwithstanding anything herein to the contrary, in no event shall the total number of consecutive calendar days during which either (i) valuation is deferred due to an Unscheduled Holiday, or (ii) a Valuation Postponement shall occur (or any combination of (i) and (ii)), exceed 30 consecutive calendar days in the aggregate. Accordingly, (x) if, upon the lapse of any such 30 day period, an Unscheduled Holiday shall have occurred or be continuing on the day following such period, then such day shall be deemed to be a Valuation Date, and (y) if, upon the lapse of any such 30 day period, a Price Source Disruption shall have occurred or be continuing on the day following such period, then Valuation Postponement shall not apply and the Spot Bitcoin Rate shall be determined in accordance with the next Disruption Fallback. Maximum Days of Postponement: Thirty (30) calendar days. days Relevant Cities City for Business Day for Valuation Date: Sao Paulo, New York and London. Relevant Cities for Business Day for Settlement Date: Sao Paulo, New York and London. Calculation Agent: Party A.York