Common use of Regulatory Disruption Clause in Contracts

Regulatory Disruption. Any event that Bank, in its reasonable discretion based on the advice of counsel, determines makes it appropriate with respect to any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Bank), that apply generally to all transactions of a nature and kind similar to the Transaction, for it to refrain from or decrease any Unwind Activity on any Exchange Business Day, may by written notice to Counterparty be deemed by Bank to be a Market Disruption Event, which has occurred and will be continuing on such Exchange Business Day.