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. If any Averaging Date in relation to a Valuation Date occurs after that Valuation Date as a result of the occurrence of a Disrupted Day, then (i) the relevant Cash Settlement Payment Date or Settlement Date, as the case may be, or (ii) the occurrence of a Merger Event or a Potential Adjustment Event shall be determined by reference to the last such Averaging Date as though it were that Valuation Date.
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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:
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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).

  • Averaging Date Disruption: Modified Postponement; provided that references to “Averaging Date” and “Valuation Date” or “Scheduled Valuation Date” in Section 6.7(c)(iii) of the Equity Definitions shall be deemed to mean “Initial Calculation Date” and “Initial Calculation Period End Date”, respectively.

  • Any such reimbursement shall be effected in such manner as the Issuer shall determine.(e) Consequence of Disrupted Days for Valuation Dates and Averaging Dates If a Valuation Date or Averaging Date is a Disrupted Day, then the relevant Valuation Date shall be decided in accordance with the definition of Consequences of Disrupted Day and the Averaging Date in accordance with the definition of Averaging Date Disruption.

  • Averaging Date Disruption: If Averaging Dates are specified in the relevant Transaction Supplement, Averaging shall be applicable and Modified Postponement shall apply.

  • Cash 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).

  • Single Index Notes/Index Basket Notes Applicable (ii) Averaging Dates: Not Applicable (iii) Averaging Date Disruption: Not Applicable (iv) Observation Date(s): Not Applicable (v) Observation Period: Not Applicable (vi) Determination Time(s): As per the Conditions (vii) Valuation Date(s): 19 July 2024 (viii) Determination Agent responsible for calculating the Final Redemption Amount:Morgan Stanley & Co. International plc (the “Determination Agent”).

  • Other important functions are the additional gain and low-pass filtering of the second stage amplifier as well as the active DC offset cancellation feedback loop.

  • If a Valuation Date or Averaging Date is a Disrupted Day, then the relevant Valuation Date shall be decided in accordance with the definition of Consequences of Disrupted Day and the Averaging Date in accordance with the definition of Averaging Date Disruption.

  • Final Averaging Dates: means, in relation to a Sharei, each of 10 May 2011, 11 May 2001, 12May 2011, 13 May 2011, 16 May 2011, 18 May 2011, 19 May 2011,23 May 2011, 24 May 2011 and 25 May 2011 or if any such date is not a Scheduled Trading Day, the next following Scheduled Trading Day, subject to adjustment in accordance with the Averaging Date Disruption Convention.

  • For the avoidance of doubt, if an Initial Averaging Date or a Final Averaging Date is a non-Scheduled Trading Day with respect to a Sharei, and the relevant Initial Averaging Date or a Final Averaging Date, as the case may be, was a Scheduled Trading Day as of the Trade Date (an “Original Scheduled Trading Day”), an Averaging Date Disruption will be deemed to have occurred in respect of the relevant Sharei on such Original Scheduled Trading Day.


More Definitions of Averaging Date Disruption

Averaging Date Disruption. If Averaging Dates are specified in the relevant Transaction Supplement, Averaging shall be applicable and Modified Postponement shall apply. Share Adjustments (for Share Option Transactions only): 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). Index Adjustment Events (for Index Option Transactions only):
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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
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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.
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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.
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Related to Averaging Date Disruption

  • Averaging Date means each date specified as an Averaging Date in the relevant Final Terms or, if such date is not a Scheduled Trading Day, the immediately succeeding Scheduled Trading Day unless such day is a Disrupted Day in the opinion of the Calculation Agent. If such day is a Disrupted Day, then:

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Averaging Dates means, in respect of each Valuation Date, each of the dates specified as such in the applicable Final Terms, if any, or if any such date is not a Scheduled Trading Day, the next following Scheduled Trading Day, in each case subject to Condition 6(l) as set out below.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Market Disruption Event means, for the purposes of determining amounts due upon conversion (a) a failure by the primary U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or (b) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock.

  • Disruption Event means either or both of:

  • Market Disruption Rate means the rate (if any) specified as such in the Reference Rate Terms.

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Exchange Disruption means any event (other than an Early Closure) that disrupts or impairs (as determined by the Determination Agent) the ability of market participants in general (i) to effect transactions in, or obtain market values for the Shares on the Exchange or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Share on any Related Exchange.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • FX Market Disruption Event means each of the following events:

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Averaging Period means the time over which a limit is measured or a monitoring result is obtained;

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Regulatory Disruption Any event that Dealer, based on the advice of counsel, determines makes it reasonably necessary or appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures that generally apply to transactions of a nature and kind similar to the Transaction and have been adopted in good faith by Dealer for Dealer to refrain from or decrease any market activity in connection with the Transaction. Settlement: