Common use of Disruption Events Clause in Contracts

Disruption Events. Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended (i) by the replacement of the word “Shares” with “Hedge Positions” in clause (X) thereof; (ii) by adding the phrase “or announcement” immediately after the phrase “due to the promulgation” in the third line thereof and adding the phrase “formal or informal” before the word “interpretation” in the same line; and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date, unless the illegality is due to an act or omission of the party seeking to elect termination of the Transaction”. Failure to Deliver: Applicable Insolvency Filing: Applicable Increased Cost of Hedging: Applicable Hedging Party: Société Générale for all applicable Additional Disruption Events Determining Party: Société Générale for all applicable Additional Disruption Events Non-Reliance: Applicable Agreements and Acknowledgements Regarding Hedging Activities: Applicable

Appears in 2 contracts

Samples: Equity Derivatives Note Hedge Confirmation (Telecommunication Systems Inc /Fa/), Equity Derivatives Confirmation (Telecommunication Systems Inc /Fa/)

AutoNDA by SimpleDocs

Disruption Events. Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended (i) by the replacement of the word “Shares” with “Hedge Positions” in clause (X) thereof; (ii) by adding the phrase “or announcement” immediately after the phrase “due to the promulgation” in the third line thereof and adding the phrase “formal or informal” before the word “interpretation” in the same line; and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date, unless the illegality is due to an act or omission of the party seeking to elect termination of the Transaction”. Failure to Deliver: Applicable Insolvency Filing: Applicable Increased Cost of Hedging: Applicable Hedging Party: Société Générale Wachovia for all applicable Additional Disruption Events Determining Party: Société Générale Wachovia for all applicable Additional Disruption Events Non-Reliance: Applicable Agreements and Acknowledgements Regarding Hedging Activities: Applicable Additional Acknowledgements: Applicable

Appears in 1 contract

Samples: Equity Derivatives Confirmation (Gaylord Entertainment Co /De)

AutoNDA by SimpleDocs

Disruption Events. Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended (i) by the replacement of the word “Shares” with “Hedge Positions” in clause (X) thereof; (ii) by adding the phrase “or announcement” immediately after the phrase “due to the promulgation” in the third line thereof and adding the phrase “formal or informal” before the word “interpretation” in the same line; and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date, unless the illegality is due to an act or omission of the party seeking to elect termination of the Transaction”. Failure to Deliver: Applicable Insolvency Filing: Applicable Increased Cost of Hedging: Applicable Hedging Party: Société Générale Citi for all applicable Additional Disruption Events Determining Party: Société Générale Citi for all applicable Additional Disruption Events Non-Reliance: Applicable Agreements and Acknowledgements Regarding Hedging Activities: Applicable Additional Acknowledgements: Applicable

Appears in 1 contract

Samples: Equity Derivatives Confirmation (Gaylord Entertainment Co /De)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!