Disruption Fallback definition

Disruption Fallback means a source or method that may give rise to an alternative basis for determining the Commodity Future Price in respect of a specified Commodity Future Price when a Market Disruption Event occurs or exists on a day that is a Scheduled Trading Day. A Disruption Fallback means (in the following order):

Disruption Fallback means a source or method that may give rise to an alternative basis for determining the Commodity Price when a Market Disruption Event occurs or exists on a day that is a Scheduled Trading Day. A Disruption Fallback means (in the following order):

Disruption Fallback means, in respect of a Currency Price and/or any other relevant rate specified in the relevant Final Terms, Calculation Agent Determination, Currency-Reference Dealers, or Fallback Reference Price. The applicable Disruption Fallback in respect of a Currency Price and/or any other relevant rate specified in the relevant Final Terms shall be as specified in the relevant Final Terms, and if two or more Disruption Fallbacks are specified, such Disruption Fallbacks shall apply in the order specified in the relevant Final Terms, such that if the Calculation Agent determines that the Currency Price and/or any other relevant rate specified in the Final Terms cannot be determined by applying one Disruption Fallback, then the next Disruption Fallback specified shall apply.

Examples of Disruption Fallback in a sentence

• If the Settlement Rate Option set out in the Relevant EMTA Template or given LCH G10 NDF Contract Template, as applicable, is unavailable at the relevant time, Disruption Fallback alternatives for the determination of the Settlement Rate will apply as set out in the Relevant EMTA Template or given LCH G10 NDF Contract Template, as applicable.

• If, in the opinion of the Determination Agent, a Market Disruption Event has occurred and is continuing on any Scheduled Trading Day (or, if different, the day on which prices for that Scheduled Trading Day would, in the ordinary course, be published by the Exchange), the Commodity Future Price for that Scheduled Trading Day will be determined by the Determination Agent in accordance with the first applicable Disruption Fallback (as defined below) that provides a Commodity Future Price.

• If, in the opinion of the Determination Agent, a Market Disruption Event has occurred and is continuing on any Scheduled Trading Day (or, if different, the day on which prices for that Scheduled Trading Day would, in the ordinary course, be published by the Exchange), the Commodity Price for that Scheduled Trading Day will be determined by the Determination Agent in accordance with the first applicable Disruption Fallback (as defined below) that provides a Commodity Price.

• If, in the opinion of the Determination Agent, a Commodity Market Disruption Event (as defined below) has occurred and is continuing on any Pricing Date (or, if different, the day on which prices for that Pricing Date would, in the ordinary course, be published by the Price Source), the Relevant Commodity Price for that Pricing Date will be determined by the Determination Agent in accordance with the first applicable Disruption Fallback (as defined below) that provides a Relevant Commodity Price.

• References to "Business Day", "Calculation Agent", "Disruption Fallback", "Notional Amount", "Reference Currency", "Settlement Currency", "Settlement Currency Amount", "Settlement Date", "Settlement Rate", "Settlement Rate Option", "Trade Date", "Valuation Date", "Valuation Postponement" shall carry the meanings given to them in the Product Specific Contract Terms and Eligibility Criteria Manual as published on the Clearing House’s website from time to time with respect to the relevant Currency Pair.

More Definitions of Disruption Fallback

Disruption Fallback means a source or method that may give rise to an alternative basis for determining the Relevant Price in respect of a specified Commodity Reference Price when a Market Disruption Event occurs or exists on a day that is a Pricing Date in respect of the Notes. A Disruption Fallback is applicable if it is specified in the applicable Issue Terms or, if no Disruption Fallback is specified in the applicable Issue Terms, shall mean:

Disruption Fallback means a source or method that may give rise to an alternative basis for determining the Relevant Price in respect of a specified Commodity Reference Price when a Commodity Market Disruption Event occurs or exists on a day that is a Pricing Date. A Disruption Fallback means (in the following order):

Disruption Fallback means a source or method that may give rise to an alternative basis for determining the Relevant Price in respect of a specified Commodity Reference Price when a Commodity Market Disruption Event occurs or exists on a day that is a Pricing Date in respect of the relevant Note. A Disruption Fallback is applicable if it is specified in the applicable Supplement or, if no Disruption Fallback is specified in the applicable Supplement shall be deemed to mean (in the following order):

Disruption Fallback means a source or method that, if applicable to a Transaction, may give rise to an alternative basis for determining the Relevant Price in respect of a specified Commodity Reference Price or the termination of the Transaction when a Market Disruption Event or an Additional Market Disruption Event occurs or exists on a day that is a Pricing Date for that Transaction (or, if different, the day on which prices for that Pricing Date would, in the ordinary course, be published or announced by the Price Source); provided, however, that this Section 7.5(a) is not applicable to any Expiration Date.

Disruption Fallback means a source or method that may give rise to an alternative basis for determining the Relevant Price in respect of a specified Commodity Reference Price when a Market Disruption Event occurs or exists on a day that is a Pricing Date in respect of the relevant Note. A Disruption Fallback is applicable if it is specified in the applicable Final Terms or, if no Disruption Fallback is specified in the applicable Final Terms, shall mean:

Disruption Fallback means, in respect of a Currency Price, Calculation Agent Determination, Currency-Reference Dealers, EM Fallback Valuation Postponement, EM Valuation Postponement, Fallback Reference Price, Other Published Sources, Postponement, and/or such other sources or methods specified as such or otherwise determined as an alternative basis for determining such Currency Price as may be provided in the applicable Final Terms. The applicable Disruption Fallback in respect of a Currency Price shall be as specified in the applicable Final Terms, and if two or more Disruption Fallbacks are specified, unless otherwise provided in the Final Terms, such Disruption Fallbacks shall apply in the order specified in the applicable Final Terms, such that if the Calculation Agent determines that the Currency Price cannot be determined by applying one Disruption Fallback, then the next Disruption Fallback specified shall apply.

Disruption Fallback applicable to this Confirmation shall refer only to the Disruption Fallbacks, and in the following order as the same are described in the relevant portion of Section 7.5 of the ISDA Commodity Definitions: