Common use of Banking Moratorium Clause in Contracts

Banking Moratorium. A general moratorium on commercial banking activities in Australia, United States or United Kingdom is declared by the relevant central banking authority in any of those countries, or there is a material disruption in commercial banking or security settlement or clearance services in any of those countries.

Banking Moratorium. A general moratorium on commercial banking activities in Australia, New Zealand, United States or the United Kingdom is declared by the relevant central banking authority in any of those countries, or there is a material disruption in commercial banking or security settlement or clearance services in any of those countries.

Banking Moratorium. A general moratorium on commercial banking activities in Australia, United States or the United Kingdom is declared by the relevant central banking authority in any of those countries, or there is a material disruption in commercial banking or security settlement or clearance services in any of those countries.