Common use of Banking Moratorium Clause in Contracts

Banking Moratorium. The declaration of a general banking moratorium by federal, New York or California authorities, or the general suspension of trading on any national securities exchange;

Banking Moratorium. The declaration of a general banking moratorium by federal, New York or California authorities, or the general suspension of trading on any national securities exchangeexchange or a material disruption in commercial banking or securities settlement or clearance services;