Definition of Force Majeure Event. A Force Majeure Event refers to any occurrence or non-occurrence as a direct or indirect result of which a party is prevented from or delayed in performing any of its obligations (other than a payment obligation) under this Agreement and that is beyond the reasonable control of that party, including forces of nature, industrial action and action or inaction by a government agency. A Force Majeure Event includes: (a) us, in our opinion, becoming unable to maintain an orderly market in respect of a Product for one or more of the Underlying Instruments as a result of the occurrence of any act, omission or event (including a strike, riot, civil unrest or failure of power supply, communications or other infrastructure); (b) the suspension, closure, liquidation or abandonment of any relevant market or Underlying Instruments; or (c) the imposition of limits or special or unusual terms in the relevant markets or Underlying Instruments; or (d) the excessive movement, volatility or loss of liquidity in the relevant markets or Underlying Instruments; or (e) where we reasonably anticipate that any of the circumstances listed in sub-sections (a) to (d) above are about to occur.
Appears in 3 contracts
Sources: Client Agreement, Client Agreement, Client Agreement
Definition of Force Majeure Event. A Force Majeure Event refers to any occurrence or non-occurrence as a direct or indirect result of which a party is prevented from or delayed in performing any of its obligations (other than a payment obligation) under this Agreement and that is beyond the reasonable control of that party, including forces of nature, industrial action and action or inaction by a government agency. A Force Majeure Event includes:
(a) us, in our opinion, becoming unable to maintain an orderly market in respect of a Product for one or more of the Underlying Instruments as a result of the occurrence of any act, omission or event (including a strike, riot, civil unrest or failure of power supply, communications or other infrastructure);
(b) the suspension, closure, liquidation or abandonment of any relevant market or Underlying Instruments; or;
(c) the imposition of limits or special or unusual terms in the relevant markets or Underlying Instruments; or;
(d) the excessive movement, volatility or loss of liquidity in the relevant markets or Underlying Instruments; or
(e) where we reasonably anticipate that any of the circumstances listed in sub-sections
(a) to (d) above are about to occur.
Appears in 2 contracts
Sources: Client Agreement, Terms and Conditions
Definition of Force Majeure Event. A Force Majeure Event refers to any occurrence or non-occurrence as a direct or indirect result of which a party is prevented from or delayed in performing any of its obligations (other than a payment obligation) under this Agreement and that is beyond the reasonable control of that party, including forces of nature, industrial action and action or inaction by a government agency. A Force Majeure Event includes:
(a) us, in our opinion, becoming unable to maintain an orderly market in respect of a Product for one or more of the Underlying Instruments as a result of the occurrence of any act, omission or event (including a strike, riot, civil unrest or failure of power supply, communications or other infrastructure);
(b) the suspension, closure, liquidation or or
(i) abandonment of any relevant market or market; or
(ii) Underlying Instruments; or;
(c) the imposition of limits or special or unusual terms in the relevant markets or Underlying Instruments; or;
(d) the excessive movement, volatility or loss of liquidity in the relevant markets or Underlying Instruments; or
(e) where we reasonably anticipate that any of the circumstances listed in sub-sections
(a) to (d) above are about to occur.
Appears in 1 contract
Sources: Client Agreement
Definition of Force Majeure Event. A Force Majeure Event refers to any occurrence or non-occurrence as a direct or indirect result of which a party is prevented from or delayed in performing any of its obligations (other than a payment obligation) under this Agreement and that is beyond the reasonable control of that party, including forces of nature, industrial action and action or inaction by a government agency. A Force Majeure Event includes:
(a) us, in our opinion, becoming unable to maintain an orderly market in respect of a Product for one or more of the Underlying Instruments as a result of the occurrence of any act, omission or event (including a strike, riot, civil unrest or failure of power supply, communications or other infrastructure);; or
(b) the suspension, closure, liquidation or abandonment of any relevant market or Underlying Instruments; or
(c) the imposition of limits or special or unusual terms in the relevant markets or Underlying Instruments; or
(d) the excessive movement, volatility or loss of liquidity in the relevant markets or Underlying Instruments; or
(e) where we reasonably anticipate that any of the circumstances listed in sub-sections
(a) to (d) above are about to occur.
Appears in 1 contract
Sources: Client Agreement
Definition of Force Majeure Event. A Force Majeure Event refers to any occurrence or non-occurrence as a direct or indirect result of which a party is prevented from or delayed in performing any of its obligations (other than a payment obligation) under this Agreement and that is beyond the reasonable control of that party, including forces of nature, industrial action and action or inaction by a government agency. A Force Majeure Event includes:
(a) us, in our opinion, becoming unable to maintain an orderly market in respect of a Product for one or more of the Underlying Instruments as a result of the occurrence of any act, omission or event (including a strike, riot, civil unrest or failure of power supply, communications or other infrastructure);
(b) the suspension, closure, liquidation or or
(i) abandonment of any relevant market or market; or
(ii) Underlying Instruments; or;
(c) the imposition of limits or special or unusual terms in the relevant markets or Underlying Instruments; or
(d) the excessive movement, volatility or loss of liquidity in the relevant markets or Underlying Instruments; or
(e) where we reasonably anticipate that any of the circumstances listed in sub-sections
sections (a) to (d) above are about to occur.
Appears in 1 contract
Sources: Client Agreement
Definition of Force Majeure Event. 27.1 A Force Majeure Event refers to any occurrence or non-occurrence as a direct or indirect result of which a party is prevented from or delayed in performing any of its obligations (other than a payment obligation) under this Agreement and that is beyond the reasonable control of that party, including forces of nature, industrial action and action or inaction by a government agency. A Force Majeure Event includes:.
(a) us, in our opinion, becoming unable to maintain an orderly market in respect of a Product for one or more of the Underlying Instruments as a result of the occurrence of any act, omission or event (including a strike, riot, civil unrest or failure of power supply, communications or other infrastructure);
(b) the suspension, closure, liquidation or or
(i) abandonment of any relevant market or market; or
(ii) Underlying Instruments; or;
(c) the imposition of limits or special or unusual terms in the relevant markets or Underlying Instruments; or
(d) the excessive movement, volatility or loss of liquidity in the relevant markets or Underlying Instruments; or
(e) where we reasonably anticipate that any of the circumstances listed in sub-sections
clauses (a) to (d) above are about to occur.
Appears in 1 contract
Sources: Client Agreement