Common use of an Early Closure Clause in Contracts

an Early Closure. For the purposes of determining whether a Market Disruption Event exists in respect of the Index at any time, if a Market Disruption Event occurs in respect of a Component Security at that time, then the relevant percentage contribution of that Component Security to the level of the Index shall be based on a comparison of (x) the portion of the level of the Index attributable to that Component Security to (y) the overall level of the Index, in each case using the official opening weightings as published by the Index Sponsor as part of the market "opening data".

Appears in 108 contracts

Sources: Trust Instrument, Master Confirmation Agreement, European Variance Swap Master Confirmation Agreement

an Early Closure. For the purposes of determining whether a Market Disruption Event exists in respect of the Index at any time, if a Market Disruption Event occurs in respect of a Component Security security included in the Index at that any time, then the relevant percentage contribution of that Component Security security to the level of the Index shall be based on a comparison of of: (x) the portion of the level of the Index attributable to that Component Security to security and (y) the overall level of the Index, in each case using immediately before the official opening weightings as published by the Index Sponsor as part occurrence of the market "opening data"such Market Disruption Event.

Appears in 1 contract

Sources: Security Agreement (Canadian Imperial Bank of Commerce /Can/)

an Early Closure. For the purposes of determining whether a Market Disruption Event exists in respect of the an Index exists at any time, if a Market Disruption Event occurs in respect of a Component Security included in the Index at that any time, then the relevant percentage contribution of that Component Security to the level of the Index shall be based on a comparison of (xy) the portion of the level of the Index attributable to that Component Security to Component) and (yz) the overall level of the Index, in each case using immediately before the official opening weightings as published by the Index Sponsor as part occurrence of the market "opening data".such Market Disruption Event;

Appears in 1 contract

Sources: Agency Agreement (Bank of America Corp /De/)

an Early Closure. For the purposes of determining whether a Market Disruption Event exists in respect of the Index exists at any time, if a Market Disruption Event occurs in respect of a Component Security security included in the Index at that any time, then the relevant percentage contribution of that Component Security security to the level of the Index shall be based on a comparison of (x) the portion of the level of the Index attributable to that Component Security to the security and (y) the overall level of the Index, in each case using immediately before the official opening weightings as published by the Index Sponsor as part occurrence of the market "opening data".such Market Disruption Event;

Appears in 1 contract

Sources: Supplemental Note Issuance Agreement (Bear Stearns Companies Inc)