Common use of Calamities Clause in Contracts

Calamities. There shall not have occurred (i) any increase or decrease of 20% or more in the United States/Republic of Korea currency exchange rate from the rate existing on the date hereof or a suspension of, or limitation on, the markets therefor, (ii) a declaration of a banking moratorium or any suspension of payments in respect of banks in the United States or the Republic of Korea, (iii) any limitation (whether or not mandatory) by any Regulatory Authority or other event that materially adversely affects the ability of LGE to consummate the transactions contemplated hereby, or (iv) a commencement of a war or armed hostilities or other national or international calamity involving the United States or the Republic of Korea.