Settlement Disruption Event definition

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:

Settlement Disruption Event means, in the opinion of the Calculation Agent, an event beyond the control of the Issuer as a result of which the Issuer cannot make delivery of the Delivery Shares.

Settlement Disruption Event means an event beyond the control of the Issuer as a result of which the Issuer is unable to procure payment of the Cash Settlement Amount electronically through CCASS to the Designated Bank Account;

Examples of Settlement Disruption Event in a sentence

• The Calculation Agent shall give the Settlement Disruption Event Notice to the relevant Warrant Holder(s) in accordance with Warrant Condition (16)a as soon as practicable after that a Settlement Disruption Event has occurred.

• If, following the Exercise of a Warrant, a Settlement Disruption Event occurs or exists on the Delivery Date of the Underlying, delivery of the Underlying will be postponed until the third Business Day following the date on which no Settlement Disruption Event occurs.

• The Value of the Underlying may fluctuate during the period the Settlement Disruption Event continues and hence the investor in the Warrant is exposed that the Value of the Underlying during such period decreases.

• No Warrant Holder shall be entitled to any payment in respect of the relevant Warrant(s) in the event of any delay in the delivery of the Entitlement due to the occurrence of a Settlement Disruption Event and no liability in respect thereof shall attach to the Issuer.

More Definitions of Settlement Disruption Event

Settlement Disruption Event means an event beyond the control of the Issuer as a result of which the Issuer is unable to procure payment electronically through CCASS to the relevant bank account designated by the relevant Inline Warrantholder (“Designated Bank Account”);

Settlement Disruption Event means an event beyond the control of the Issuer as a result of which the Issuer cannot make delivery of the relevant asset(s) as specified in the relevant Final Terms on the Redemption Date.

Settlement Disruption Event means an event beyond the control of the Issuer and the relevant Noteholder as a result of which the Clearance System cannot clear transfers of the Securities comprising the Securities Entitlement of such Noteholder.

Settlement Disruption Event means, in the opinion of the Calculation Agent, an event beyond the control of the Issuer as a result of which the Issuer cannot make delivery of the Relevant Asset(s) using the method specified in the applicable Final Terms.

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

Settlement Disruption Event means any of the events specified under (i) and (ii) below, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

Settlement Disruption Event means an event beyond the control of the Issuer as a result of which the relevant Clearing System cannot clear the transfer of securities comprised in the relevant Index.