Common use of Regulatory Disruption Clause in Contracts

Regulatory Disruption. Any event that Party A, in its reasonable discretion and based on the advice of counsel, determines makes it appropriate with respect to any regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Party A) for it to refrain from purchasing Shares to unwind its hedge position with respect to the Transaction. Securities Act: The Securities Act of 1933, as amended from time to time.