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

• In the case of (i) above, if an Index Disruption Event in relation to the relevant Index Commodity continues for the further period of five successive Exchange Business Days referred to therein, on the expiry of such period the provisions of (ii) above shall apply.

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

• 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.

• Index Disruption and Adjustment Eventsmeans in respect of a Reference Index or a Reference Asset, an event which impacts the ability of the counterparty to perform its obligations under one or more derivative contracts.

• The Calculation Agent has discretionary authority under the terms and conditions of the Securities to make certain determinations and adjustments following an Index Modification (broadly, changes in the methodology of the Index), Index Cancellation (permanent cancellation of the Index) and Index Disruption (failure to calculate and publish the level of the Index).

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.