Disruption Events and determination of Index Level Clause Samples

The 'Disruption Events and determination of Index Level' clause defines how disruptions affecting the calculation or publication of a financial index are handled within an agreement. It typically outlines what constitutes a disruption event, such as market closures or data unavailability, and specifies the procedures for determining the index level in such cases, which may involve using alternative sources or calculation methods. This clause ensures that contractual obligations tied to the index can still be fulfilled reliably, even when normal market operations are interrupted, thereby reducing uncertainty and disputes between parties.
Disruption Events and determination of Index Level. If a Valuation Date is a Disrupted Day, then with respect to a Series of ETP Securities: (A) the calculation and publication of the ETP Security Value in respect of such Valuation Date will be postponed to the next following Valuation Date that is not a Disrupted Day; (B) the Issuer shall use reasonable efforts, to the extent that all required information is available to it, to publish an indicative price in respect of each ETP Security on the Issuer’s Website, solely for information purposes.
View SourceView Similar (17)

Related to Disruption Events and determination of Index Level

  • Calculations and Determinations The Calculation Agent shall in respect of each Series of Notes in relation to which it is appointed as such:

  • CERTIFICATION OF INDEPENDENT PRICE DETERMINATION By submission of this bid, the Bidder certifies, and in the case of a joint bid each party thereto certifies as to its own organization, that in connection with this procurement: A. The prices in this bid have been arrived at independently, without consultation, collusion, communication, or agreement for the purpose of restricting competition, as to any matter relating to such prices with any other bidder or with any competitor. B. Unless otherwise required by law, the prices which have been quoted in this bid have not been knowingly disclosed by the Bidder and will not knowingly be disclosed by the Bidder prior to opening, directly or indirectly to any other Bidder or to any competitor; and, C. No attempt has been made or shall be made by the Bidder to induce any other person or bidder to submit or not to submit a bid for the purpose of restricting competition.