Common use of Hedging Disruption Clause in Contracts

Hedging Disruption. Applicable; provided that it shall not be a Hedging Disruption if such inability occurs solely due to the deterioration of the creditworthiness of the Hedging Party; provided, further, that if a Hedging Disruption affects only a portion of a Transaction, any right to terminate such Transaction in respect of such Hedging Disruption shall be limited to such portion as reasonably determined by the Calculation Agent.

Appears in 3 contracts

Sources: Master Confirmation (Advance/Newhouse Programming Partnership), Share Collar Transactions (Newhouse Broadcasting Corp), Master Confirmation (Advance/Newhouse Programming Partnership)