Common use of Nationalization and Insolvency Clause in Contracts

Nationalization and Insolvency. If an issuer whose shares represent all or part of the Reference Asset for any CFD transaction: 20.12.1. has its shares or all or substantially all of its assets nationalized or expropriated, or such shares or assets are otherwise required to be transferred to any governmental agency, authority, entity or instrumentality; or 20.12.2. becomes the subject of any voluntary or involuntary procedure seeking or proposing liquidation, re-organization, an arrangement or composition or other similar relief under any Insolvency Law, then the day on which such event occurs or is declared will be the Closing Date for such CFD Transaction. The closing price for such CFD Transaction will be such price as is notified by us to you.

Nationalization and Insolvency. If an issuer whose shares represent all or part of the Reference Asset for any CFD transaction: 20.12.1. has its shares or all or substantially all of its assets nationalized or expropriated, expropriated or such shares or assets are otherwise required to be transferred to any governmental agency, authority, entity or instrumentality; or 20.12.2. becomes the subject of any voluntary or involuntary procedure seeking or proposing liquidation, re-re- organization, an arrangement or composition or other similar relief under any Insolvency Law, then the day on which such event occurs or is declared will be the Closing Date for such CFD Transaction. The closing price for such CFD Transaction will be such price as is notified by us to you.

Nationalization and Insolvency. If an issuer whose shares represent all or part of the Reference Asset for any CFD transaction: 20.12.118.12.1. has its shares or all or substantially all of its assets nationalized or expropriated, or such shares or assets are otherwise required to be transferred to any governmental agency, authority, entity or instrumentality; or 20.12.218.12.2. becomes the subject of any voluntary or involuntary procedure seeking or proposing liquidation, re-re- organization, an arrangement or composition or other similar relief under any Insolvency Law, then the day on which such event occurs or is declared will be the Closing Date for such CFD Transaction. The closing price for such CFD Transaction will be such price as is notified by us to you.

Nationalization and Insolvency. If an issuer whose shares represent all or part of the Reference Asset for any CFD transaction: 20.12.1. has its shares or all or substantially all of its assets nationalized or expropriated, expropriated or such shares or assets are otherwise required to be transferred to any governmental agency, authority, entity or instrumentality; or 20.12.2. becomes the subject of any voluntary or involuntary procedure seeking or proposing liquidation, re-organization, an arrangement or composition or other similar relief under any Insolvency Law, then the day on which such event occurs or is declared will be the Closing Date for such CFD Transaction. The closing price for such CFD Transaction will be such price as is notified by us to you.

Nationalization and Insolvency. If an issuer whose shares represent all or part of the Reference Asset for any CFD transaction: 20.12.121.12.1. has its shares or all or substantially all of its assets nationalized or expropriated, expropriated or such shares or assets are otherwise required to be transferred to any governmental agency, authority, entity or instrumentality; or 20.12.221.12.2. becomes the subject of any voluntary or involuntary procedure seeking or proposing liquidation, re-re- organization, an arrangement or composition or other similar relief under any Insolvency Law, then the day on which such event occurs or is declared will be the Closing Date for such CFD Transaction. The closing price for such CFD Transaction will be such price as is notified by us to you.