Common use of Market Suspension and Delisting; Corporate Events Clause in Contracts

Market Suspension and Delisting; Corporate Events. 8.1 If at any time trading on a relevant Market is suspended, the Company shall calculate the value of the underlying asset with reference to the last traded price before the time of suspension, as reasonably determined by the Company if no trading in that asset is undertaken during the business day on which a suspension occurs. In the event that the aforesaid suspension continues for ten (10) Business Days, the Company may decide, at its sole and absolute discretion, a Closing Time and price for the underlying asset. During the term of a Transaction whose market is suspended, the Company shall have the right to terminate the Transaction at its discretion, and to amend or vary the Transaction. 8.2 The Company reserves the right at its sole discretion to close out, replace or reverse any Transaction, buy, sell, borrow or lend or enter into any other Transaction or take, or refrain from taking, such other action at such time or times and in such manner as, at the Company’s sole discretion, the Company consider necessary or appropriate to cover, reduce or eliminate its loss or liability under or in respect of any of Client’s contracts, positions or commitments.

Market Suspension and Delisting; Corporate Events. 8.1 If at any time trading on a relevant Market is suspended, the Company shall calculate the value of the underlying asset with reference to the last traded price before the time of suspension, as reasonably determined by the Company if no trading in that asset is undertaken during the business day on which a suspension occurs. In the event that the aforesaid suspension continues for ten (10) Business Days, the Company may decide, at its sole and absolute discretion, a Closing Time and price for the underlying asset. During the term of a Transaction whose market is suspended, the Company shall have the right to terminate the Transaction at its discretion, and to amend or vary the Transaction. 8.2 The Company reserves the right at its sole discretion to close out, replace or reverse any Transaction, buy, sell, borrow or lend or enter into any other Transaction or take, or refrain from taking, such other action at such time or times and in such manner as, at the Company’s sole discretion, the Company consider considers necessary or appropriate to cover, reduce or eliminate its loss or liability under or in respect of to any of Client’s contracts, positions or commitments.

Market Suspension and Delisting; Corporate Events. 8.1 8.1. If at any time trading on a relevant Market is suspended, the Company shall calculate the value of the underlying asset with reference to the last traded price before the time of suspension, as reasonably determined by the Company if no trading in that asset is undertaken during the business day on which a suspension occurs. In the event that the aforesaid suspension continues for ten (10) Business Days, the Company may decide, at its sole and absolute discretion, a Closing Time and price for the underlying asset. During the term of a Transaction whose market is suspended, the Company shall have the right to terminate the Transaction at its discretion, and to amend or vary the Transaction. 8.2 8.2. The Company reserves the right at its sole discretion to close out, replace or reverse any Transaction, buy, sell, borrow or lend or enter into any other Transaction or take, or refrain from taking, such other action at such time or times and in such manner as, at the Company’s sole discretion, the Company consider necessary or appropriate to cover, reduce or eliminate its loss or liability under or in respect of any of Client’s contracts, positions or commitments.