Common use of Disrupted Day Clause in Contracts

Disrupted Day. If the Valuation Date is a Disrupted Day, the first succeeding Scheduled Trading Day that is not a Disrupted Day is deemed to be the Valuation Date, unless each of the eight Scheduled Trading Days immediately following the Scheduled Valuation Date is a Disrupted Day. In that case:

Disrupted Day. If In relation to each Series of Warrants, as defined in Annex I, Table A, if the Valuation Date is a Disrupted Day, the first succeeding Scheduled Trading Day that is not a Disrupted Day is deemed to be the Valuation Date, unless each of the eight Scheduled Trading Days immediately following the Scheduled Valuation Date is a Disrupted Day. In that case: