Impact of market disruption Sample Clauses

Impact of market disruption. In the event of serious market disruption, HFF may, following a teleconference and with the market maker’s consent, temporarily suspend individual provisions of this agreement.
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Impact of market disruption. If the Calculation Agent determines that any Valuation Date is a Market Disrupted Day, then such Valuation Date shall be postponed to the first succeeding Scheduled Trading Day that is not a Market Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the originally scheduled Valuation Date is a Market Disrupted Day. In such case, (A) such eighth Scheduled Trading Day shall be deemed to be the Valuation Date, notwithstanding the fact that such day is a Market Disrupted Day, and (B) the Calculation Agent shall make the determinations required to be made under Sections 2.1 and 2.2 on such eighth Scheduled Trading Day in accordance with the formula for and method of calculating the Valuation Stock Prices, Individual Stock Returns, the Coupon Rate and the Coupon Payment Amount as provided herein. If, as a result of a Market Disruption Event, the Calculation Agent is unable to make a required determination with respect to any Individual Stock, the Calculation Agent shall estimate, in good faith, the value of such Individual Stock for purposes of determining the Closing Price thereof or make any other necessary determination using a good faith estimate.
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Impact of market disruption. If the Calculation Agent determines that any Valuation Date is a Market Disrupted Day with respect to one or more of the Stocks, then the Valuation Date for such Stock shall be postponed to the first succeeding Scheduled Trading Day that is not a Market Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the originally scheduled Valuation Date for such Stock is a Market Disrupted Day. In such case, (A) such eighth Scheduled Trading Day shall be deemed to be the Valuation Date for such Stock, notwithstanding the fact that such day is a Market Disrupted Day with respect to such Stock, and (B) the Calculation Agent shall determine the Valuation Stock Price of the affected Stock(s) using the trading or quoted price of such Stock(s) on that date. The Calculation Agent shall then make the determinations required to be made under Sections 2.1 and 2.2 in accordance with the formula for and method of calculating the Valuation Stock Prices, Stock Performances, Coupon Rate and Coupon Payment as provided herein. If, as a result of a Market Disruption Event, the Calculation Agent is unable to determine the trading or quoted price of such Stock, the Calculation Agent shall estimate, in good faith, the value of such Stock for purposes of determining the Closing Price thereof as of that date or make any other necessary determination using a good faith estimate. If the final Valuation Date for one or more of the Stocks is postponed as a result of a Market Disruption Event, the Maturity Date will be the third Business Day following the last rescheduled Valuation Date.
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Impact of market disruption. If the Calculation Agent determines that any Valuation Date is a Market Disrupted Day with respect to one or more of the Individual Stocks, then the Valuation Date for such Individual Stock shall be postponed to the first succeeding Scheduled Trading Day that is not a Market Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the originally scheduled Valuation Date for such Individual Stock is a Market Disrupted Day. In such case, (A) such eighth Scheduled Trading Day shall be deemed to be the Valuation Date for such Individual Stock, notwithstanding the fact that such day is a Market Disrupted Day with respect to such Individual Stock, and (B) the Calculation Agent shall determine the Valuation Stock Price of the affected Individual Stock(s) using the trading or quoted price of such Individual Stock(s) on that date. The Calculation Agent shall then make the determinations required to be made under Sections 2.1 and 2.2 in accordance with the formula for and method of calculating the Valuation Stock Prices, Individual Stock Returns, the Coupon Rate and the Coupon Payment Amount as provided herein. If, as a result of a Market Disruption Event, the Calculation Agent is unable to determine the trading or quoted price of such Individual Stock, the Calculation Agent shall estimate, in good faith, the value of such Individual Stock for purposes of determining the Closing Price thereof as of that date or make any other necessary determination using a good faith estimate. If the final Valuation Date for one or more of the Individual Stocks is postponed as a result of a Market Disruption Event, the Maturity Date will be the third Business Day following the last rescheduled Valuation Date.
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Related to Impact of market disruption

  • Notification of market disruption The Agent shall promptly notify the Borrowers and each of the Lenders stating the circumstances falling within Clause 5.7 which have caused its notice to be given.

  • Market Disruption (a) If a Market Disruption Event occurs in relation to a Loan for any Interest Period, then the rate of interest on each Lender’s share of that Loan for the Interest Period shall be the percentage rate per annum which is the sum of: (i) the Margin; (ii) the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the cost to that Lender of funding its participation in that Loan from whatever source it may reasonably select; and (iii) the Mandatory Cost, if any, applicable to that Lender’s participation in the Loan. (b) In this Agreement “Market Disruption Event” means:

  • H5 Disruption The Contractor shall take reasonable care to ensure that in the performance of its obligations under the Contract it does not disrupt the operations of the Authority, its employees or any other contractor employed by the Authority.

  • Market Disruption Event Section 6.3(a) of the Equity Definitions is hereby replaced in its entirety by the following:

  • Additional Disruption Events Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by adding the words “(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)” after the word “regulation” in the second line thereof.

  • Business Disruption; Condemnation There shall occur a cessation of a substantial part of the business of Borrowers and their Subsidiaries (taken as a whole) for a period which materially adversely affects the capacity of Borrowers and their Subsidiaries to continue their business on a profitable basis; or any Borrower, any of its Subsidiaries or any Guarantor shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by such Borrower, such Subsidiary or such Guarantor which is necessary to the continued or lawful operation of a material portion of the business of Borrowers and their Subsidiaries (taken as a whole); or any Borrower, any of its Subsidiaries or any Guarantor shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of the business affairs of Borrowers and their Subsidiaries (taken as a whole); or any material lease or agreement pursuant to which any Borrower, any of its Subsidiaries or any Guarantor leases, uses or occupies any Property shall be canceled or terminated prior to the expiration of its stated term, except any such lease or agreement the cancellation or termination of which could not reasonably be expected to have a Material Adverse Effect; or any material portion of the Collateral shall be taken through condemnation or the value of such Property shall be materially impaired through condemnation, except for any such condemnation that would not reasonably be expected to have a Material Adverse Effect.

  • Inability to Determine LIBOR Rate In the event, prior to the commencement of any Interest Period relating to any Libor Rate Loan, the Agent shall determine that adequate and reasonable methods do not exist for ascertaining the Libor Rate that would otherwise determine the rate of interest to be applicable to any Libor Rate Loan during any Interest Period, the Agent shall forthwith give notice of such determination (which shall be conclusive and binding on the Borrower) to the Borrower and the Lenders. In such event (a) any Loan Request with respect to Libor Rate Loans shall be automatically withdrawn and shall be deemed a request for Base Rate Loans, (b) each Libor Rate Loan will automatically, on the last day of the then current Interest Period applicable thereto, become a Base Rate Loan, and (c) the obligations of the Lenders to make Libor Rate Loans shall be suspended, in each case unless and until the Agent determines that the circumstances giving rise to such suspension no longer exist, whereupon the Agent shall so notify the Borrower and the Lenders.

  • Inability to Determine Eurodollar Rate In the event, prior to the commencement of any Interest Period relating to any Eurodollar Rate Loan, the Administrative Agent shall determine or be notified by the Required Lenders that adequate and reasonable methods do not exist for ascertaining the Eurodollar Rate that would otherwise determine the rate of interest to be applicable to any Eurodollar Rate Loan during any Interest Period, the Administrative Agent shall forthwith give notice of such determination (which shall be conclusive and binding on the Borrower and the Lenders) to the Borrower and the Lenders. In such event (a) any Loan Request or Conversion Request with respect to Eurodollar Rate Loans shall be automatically withdrawn and shall be deemed a request for Base Rate Loans, (b) each Eurodollar Rate Loan will automatically, on the last day of the then current Interest Period relating thereto, become a Base Rate Loan, and (c) the obligations of the Lenders to make Eurodollar Rate Loans shall be suspended until the Administrative Agent or the Required Lenders determine that the circumstances giving rise to such suspension no longer exist, whereupon the Administrative Agent or, as the case may be, the Administrative Agent upon the instruction of the Required Lenders, shall so notify the Borrower and the Lenders.

  • Disruption 41.1 The Contractor shall take reasonable care to ensure that in the performance of its obligations under the Framework Agreement it does not disrupt the operations of the Authority, its employees or any other Contractor employed by the Authority. 41.2 The Contractor shall immediately inform the Authority of any actual or potential industrial action, whether such action be by their own employees or others, which affects or might affect its ability at any time to perform its obligations under the Framework Agreement. 41.3 In the event of industrial action by the Staff, the Contractor shall seek Approval to its proposals to continue to perform its obligations under the Framework Agreement. 41.4 If the Contractor’s proposals referred to in clause 41.3 are considered insufficient or unacceptable by the Authority acting reasonably, then the Authority may by notice terminate the Framework Agreement with immediate effect.

  • Inability to Determine Rates If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

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