Common use of Settlement Currency Clause in Contracts

Settlement Currency. USD Failure to Deliver: Not Applicable Suspension Day: Any day on which Party A determines, in good faith and based on the advice of counsel, that it is appropriate with respect to any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Party A generally in connection with its business) for Party A or its affiliates to refrain from engaging in transactions in the Shares. Party A shall notify Party B if it makes a determination that any day in an Unwind Period is a Suspension Day, but such notice need not specify the reason for Party A’s determination.

Appears in 2 contracts

Sources: Master Confirmation for Forward Stock Sale Transactions (Westar Energy Inc /Ks), Master Confirmation for Forward Stock Sale Transactions (Westar Energy Inc /Ks)