Common use of Determination of Disruption Event Clause in Contracts

Determination of Disruption Event. If, in the opinion of the Determination Agent, a Disruption Event (as defined below) has occurred and is continuing on any Valuation Date, then such Valuation Date shall be postponed to the first following Business Day in respect of which there is no such Disruption Event; provided, however, that in no event shall the Valuation Date be later than the eighth Business Day after the Maturity Date or the Early Redemption Date, as the case may be, and, if a Disruption Event in relation to an Exchange Rate is continuing on such eighth Business Day, the Valuation Date shall be such eighth Business Day and the Issuer shall pay in lieu of payment of the Redemption Amount or the Early Redemption Amount on the Maturity Date or Early Redemption Date, as the case may be, the Disruption Redemption Amount (as defined below) on the third Business Day following such eighth Business Day. All determinations made by the Determination Agent pursuant to this Condition will be conclusive and binding on the Noteholders, the Guarantor (where the Notes are issued by BCCL) and the relevant Issuer except in the case of manifest error. Notice of the Disruption Redemption Amount, determined in accordance with this Condition 7.3, shall only be provided to holders of Notes affected by the Disruption Event.