Common use of Settlement Disruption Clause in Contracts

Settlement Disruption. If a Settlement Disruption has occurred and is continuing on the last day of the Delivery Period, the Issuer shall, with respect to the Warrants being exercised, in lieu of delivering the number of Shares to which these Warrants relate, pay as soon as commercially possible the Redemption Amount and, for the calculation of the Redemption Amount, the Final Fixing Date shall be determined by the Calculation Agent in its duly executed discretion (billiges Ermessen), taking into account established market practice. Such Redemption Amount shall be determined on the basis of the Fair Market Value of the Share on such Final Fixing Date. The Issuer shall pay the corresponding Redemption Amount (if any) to the Investor as soon as commercially possible in accordance with established market practice.

Settlement Disruption. If a Settlement Disruption has occurred and is continuing on the last day of the Delivery Period, the Issuer shallshall in respect of the Structured Products redeemed, with respect to the Warrants being exercised, in lieu instead of delivering the number of Shares to which these Warrants Structured Products relate, pay as soon as commercially possible the Redemption Amount and, for the calculation of the Redemption Amount, the Final Fixing Date shall be determined decided by the Calculation Agent in its duly executed discretion (billiges Ermessen), taking into account but in accordance with established market practice. Such Redemption Amount shall be determined on the basis of the Fair Market Value of the Share on such the Final Fixing DateDate decided by the Calculation Agent in its duly executed discretion (billiges Ermessen), but in accordance with established market practice. The Issuer shall pay the corresponding Redemption Amount (if any) to the Investor as soon as commercially possible in accordance with established market practice.