Averaging Date Disruption definition

Averaging Date Disruption means that, if any Averaging Date is a Disrupted Day, then the provisions relating to "Consequences of Disrupted Days" below will apply for purposes of determining the relevant level, price or amount on that Averaging Date as if such Averaging Date were a Valuation Date that was a Disrupted Day irrespective of whether, pursuant to such determination, that deferred Averaging Date would fall on a date that already is or is deemed to be an Averaging Date for the Notes.

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Averaging Date Disruption means, in the opinion of the Calculation Agent, that a Market Disruption Event is occurring on an Averaging Date, then, if under “Averaging Date Disruption” the consequence specified in the applicable Final Terms is:

Averaging Date Disruption. [Omission] [Postponement] [Modified Postponement] Relevant Price: With respect to any Averaging Date, shall be the price determined using the pricing methodology elected to determine the Final Price in respect of the final Valuation Date. Valuation Date(s): As specified in the Transaction Supplement.

Examples of Averaging Date Disruption in a sentence

The arithmetic average of the VWAP Prices for all Settlement Valuation Dates, subject to Averaging Date Disruption, determined as if each Settlement Valuation Date were an Averaging Date (with Averaging Date Disruption applying as if the last Settlement Valuation Date were the Final Averaging Date and the Settlement Valuation Price were the Settlement Price).
A price per Share (as determined by the Calculation Agent) equal to the arithmetic mean (not a weighted average) of the 10b-18 VWAPs on all Settlement Averaging Dates during the Settlement Valuation Period (subject to Averaging Date Disruption).
The arithmetic average of the VWAP Prices for all True-Up Valuation Dates plus USD 0.02, and subject to Averaging Date Disruption, determined as if each True-Up Valuation Date were an Averaging Date (with Averaging Date Disruption applying as if the last True-Up Valuation Date were the Final Averaging Date and the True-Up Valuation Price were the Settlement Price).
It shall constitute an additional Potential Adjustment Event if the Final Averaging Date is postponed pursuant to "Averaging Date Disruption" above, in which case the Calculation Agent may, in its commercially reasonable discretion, adjust any relevant terms of the Transaction as the Calculation Agent determines appropriate to account for the economic effect on the Transaction of such postponement.
The Termination Date Averaging Dates: For any Valuation Date, the ten trading days up to and including that Valuation Date Averaging Date Disruption: Modified Postponement Relevant Price: For each Averaging Date, the average of the bid and ask price per Share as determined by the Calculation Agent at the Valuation Time on that Averaging Date.
The arithmetic average of the VWAP Prices for all Averaging Dates in the Settlement Valuation Period, subject to Averaging Date Disruption, determined as if each Settlement Valuation Date were an Averaging Date (with Averaging Date Disruption applying as if the last Settlement Valuation Date were the Final Averaging Date and the Settlement Valuation Price were the Settlement Price).

More Definitions of Averaging Date Disruption

Averaging Date Disruption. Modified Postponement; provided that notwithstanding anything to the contrary in the 2002 Definitions, if a Market Disruption Event occurs on any Averaging Date, the Calculation Agent may determine that such Averaging Date is a Disrupted Day only in part, in which case the Calculation Agent shall make adjustments to the number of Shares for which such day shall be an Averaging Date and shall designate the Scheduled Trading Day determined in the manner described in Section 6.7(c)(iii) of the 2002 Definitions as an Averaging Date for the remaining Shares, and shall determine any Settlement Price based on an appropriately weighted average instead of the arithmetic average described under "Settlement Terms--Settlement Price" below. Such determination and adjustments will be based on, among other factors, the duration of any Market Disruption Event and the volume, historical trading patterns and price of the Shares.

Averaging Date Disruption. Modified Postponement, provided that notwithstanding anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Initial Period Averaging Date or any Averaging Date, the Calculation Agent may, if

Averaging Date Disruption. If Averaging Dates are specified in the relevant Transaction Supplement, Averaging shall be applicable and Modified Postponement shall apply. Method of Adjustment: Calculation Agent Adjustment. Extraordinary Events: Consequences of Merger Events: Share-for-Share: Calculation Agent Adjustment. Share-for-Other: Calculation Agent Adjustment. Share-for-Combined: Calculation Agent Adjustment. Tender Offer: Applicable. Consequences of Tender Offers: Share-for-Share: Calculation Agent Adjustment. Share-for-Other: Calculation Agent Adjustment. Share-for-Combined: Calculation Agent Adjustment. Composition of Combined Consideration: Not Applicable. Nationalization, Insolvency or Delisting: Cancellation and Payment (Calculation Agent Determination).