Examples of Index Disruption Event in a sentence
If an Index Disruption Event (as described in section 5 ( Index disruption and cancellation)) occurs, the Index Administrator may cancel and permanently cease to calculate the Index, in accordance with section 5 hereof.
If an Index Disruption Event occurs, the Index Administrator may make such adjustments and/or determinations in relation to the Index as it may determine, in its sole and absolute discretion, appropriate to facilitate the calculation and publication of the Index Closing Level or, if such adjustment or calculation cannot be made, defer calculation and publication of the Index Closing Level and, in some cases, permanently cease to calculate the Index.
The Determination Agent shall as soon as reasonably practicable under the circumstances notify the Issuer of the occurrence of a Commodity Index Disruption Event and of any action taken as a consequence.
If a Base Index Index Disruption Event continues for a period of more than ten successive Base Index Scheduled Publication Days, then from (and including) the eleventh Base Index Scheduled Publication Day of such period the Index Sponsor may act in accordance with the provisions of (ii) or (iii) above but not in accordance with the provisions of (i) above.
The Issuer shall provide notice to the Securityholders of any the Commodity Index Disruption Event and of any action taken as a consequence in accordance with General Condition 25 ( Notices), provided that any failure to give such notice shall not affect the validity of the foregoing.