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.
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.
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.
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.
