Common use of Disruption Events and determination of Index Level Clause in Contracts

Disruption Events and determination of Index Level. If a Valuation Date is a Disrupted Day, then with respect to a Series of ETP Securities: (A) the calculation and publication of the ETP Security Value in respect of such Valuation Date will be postponed to the next following Valuation Date that is not a Disrupted Day; (B) the Issuer shall use reasonable efforts, to the extent that all required information is available to it, to publish an indicative price in respect of each ETP Security on the Issuer’s Website, solely for information purposes.

Disruption Events and determination of Index Level. If a Valuation Date is a Disrupted Day, then with respect to a Series of ETP Securities: (A) : the calculation and publication of the ETP Security Value in respect of such Valuation Date will be postponed to the next following Valuation Date that is not a Disrupted Day; (B) ; the Issuer shall use reasonable efforts, to the extent that all required information is available to it, to publish an indicative price in respect of each ETP Security on the Issuer’s Website, solely for information purposes.