Index Disruption definition

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

Index Disruption means, in respect of an Index, the Index Sponsor in respect of such Index fails to calculate and announce the Index Level.

Index Disruption means, in respect of any Index, the Index Sponsor fails to calculate and announce the Index Level.

Examples of Index Disruption in a sentence

• Certain events ("Index Disruption and Adjustment Events") may occur with respect to a Reference Index or the ability of an Approved Counterparty to perform its obligations under one or more derivative contracts.

• If a Disruption Event or an Index Disruption and Adjustment Event occurs, the Calculation Agent and the Investment Manager may make such determinations and/or adjustments to determine the net total return performance of the Reference Index (in the case of the Investment Manager) and/or the Swap (in the case of the Calculation Agent).

• Holders of Index Linked Notes may be adversely affected by an Index Modification, Index Cancellation, Index Disruption and correction of index levels The Calculation Agent has broad discretion to make certain determinations and adjustments, to replace the original Index with another and/or to cause early redemption/settlement of the Index, any of which may be adverse to Holders in connection with Index Modification, Index Cancellation, and Index Disruption.

• Consequences of Disruption Events As further described in the Prospectus and as set out above, upon the occurrence of a Disruption Event including an Index Disruption and Adjustment Event (and without limitation to the Directors' personal powers), (i) the Directors may temporarily suspend the calculation of the Net Asset Value and any subscription, redemption and exchange of Shares; and/or (ii) the Directors may, in certain circumstances, terminate the Fund.

• Index Disruption Following the occurrence of any Index Disruption the Calculation Agent shall apply Calculation Agent Adjustment.

More Definitions of Index Disruption

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

Index Disruption means the Index Sponsor fails to calculate and announce the Index Level.

Index Disruption means, in respect of an Index, the relevant Sponsor or Successor Sponsor, if applicable, on any Reference Date, Averaging Reference Date, Observation Date or other relevant date, fails to calculate and announce such Index, as determined by the Issuer (provided that, in respect of a Multi-Exchange Index or a Proprietary Index, the Issuer may, in its discretion, determine that such event instead results in the occurrence of a Disrupted Day).

Index Disruption means the Index Sponsor or Successor Index Sponsor, as applicable, on any Reference Date or any other relevant date, failing to calculate and announce the Index Level, as determined by the Calculation Agent, provided that, the Calculation Agent may, in its discretion, determine that such event instead results in the occurrence of a Disrupted Day.

Index Disruption means, in respect of an Index, the relevant Sponsor or Successor Sponsor, if applicable, on any Observation Date or other relevant date, fails to calculate and announce such Index, as determined by the Calculation Agent (provided that the Calculation Agent may, in its discretion, determine that such event instead results in the occurrence of a Disrupted Day).

Index Disruption shall have the meaning assigned to such term in Section 4.3(c).

Index Disruption means the Index Sponsor or Successor Index Sponsor, as applicable, on any Reference Date or any other relevant date, failing to calculate and announce the Index Level, as determined by the Calculation Agent.