Common use of Market Disruption Events Clause in Contracts

Market Disruption Events. If at any time The Nasdaq Stock Market changes its method of calculating the Nasdaq-100 Index, or the value of the Nasdaq-100 Index changes, in any material respect, or if the Nasdaq-100 Index is in any other way modified so that the Nasdaq-100 Index does not, in the opinion of the Calculation Agent, fairly represent the value of the Nasdaq-100 Index had those changes or modifications not been made, then, from and after that time, the Calculation Agent shall, at the close of business in New York, New York, on each date that the closing value of the Nasdaq-100 Index is to be calculated, make any adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a calculation of a value of a stock index comparable to the Nasdaq-100 Index as if those changes or modifications had not been made, and calculate the closing value with reference to the Nasdaq-100 Index, as so adjusted. Accordingly, if the method of calculating the Nasdaq-100 Index is modified so that the value of the Nasdaq-100 Index is a fraction or a multiple of what it would have been if it had not been modified, e.g., due to a split, then the Calculation Agent shall adjust the Nasdaq-100 Index in order to arrive at a value of the Nasdaq-100 Index as if it had not been modified, e.g., as if the split had not occurred.

Market Disruption Events. If at any time The Nasdaq Stock Market Xxxxx Xxxxxxx Company ("FRC") changes its method of calculating the Nasdaq-100 Xxxxxxx 2000 Index, or the value of the Nasdaq-100 Xxxxxxx 2000 Index changes, in any material respect, or if the Nasdaq-100 Xxxxxxx 2000 Index is in any other way modified so that the Nasdaq-100 Xxxxxxx 2000 Index does not, in the opinion of the Calculation Agent, fairly represent the value of the Nasdaq-100 Xxxxxxx 2000 Index had those changes or modifications not been made, then, from and after that time, the Calculation Agent shall, at the close of business in New York, New York, on each date that the closing value of the Nasdaq-100 Xxxxxxx 2000 Index is to be calculated, make any adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a calculation of a value of a stock index comparable to the Nasdaq-100 Xxxxxxx 2000 Index as if those changes or modifications had not been made, and calculate the closing value with reference to the Nasdaq-100 Xxxxxxx 2000 Index, as so adjusted. Accordingly, if the method of calculating the Nasdaq-100 Xxxxxxx 2000 Index is modified so that the value of the Nasdaq-100 Xxxxxxx 2000 Index is a fraction or a multiple of what it would have been if it had not been modified, e.g., due to a split, then the Calculation Agent shall adjust the Nasdaq-100 Xxxxxxx 2000 Index in order to arrive at a value of the Nasdaq-100 Xxxxxxx 2000 Index as if it had not been modified, e.g., as if the split had not occurred.