Disruption Fallback 1 definition
Disruption Fallback 1 means that the Fixing Rate will be determined (in accordance with the definition of "Fixing Rate" in paragraph 2.4 of this Part C above) on the Business Day first succeeding the day on which the FX Disruption Event ceases to exist, unless the FX Disruption Event continues to exist (measured from, but excluding, the relevant Scheduled Reference Date) for a consecutive number of calendar days equal to the Maximum Days of Postponement. In such event, the Fixing Rate will be determined in accordance with Disruption Fallback 2 (applied in accordance with its terms).
Disruption Fallback 1 means, in respect of any Adjusted Scheduled Valuation Date, if an FX Disruption Event has occurred or is continuing in respect of the FX Rate on such Adjusted Scheduled Valuation Date, the Calculation Agent shall determine the FX Rate in respect of such Adjusted Scheduled Valuation Date in accordance with the definition of "FX Rate" on the Business Day first succeeding the day on which such FX Disruption Event ceases to exist (and such day shall be deemed to be the Valuation Date), unless such FX Disruption Event shall have occurred or continued throughout the Maximum Period of Postponement or unless such Adjusted Scheduled Valuation Date falls after the Last Deferred Day. In such event, the FX Rate shall be determined in accordance with the provisions of Disruption Fallback 2.
Disruption Fallback 1 means, in respect of the Rate Fixing Date, if the Determination Agent determines that the BRL- PTAX Rate is not available or that a Price Materiality has occurred or exists in respect of the BRL-PTAX Rate on the Rate Fixing Date, the Determination Agent shall determine the Reference Rate by reference to the EMTA BRL Industry Survey Rate.
More Definitions of Disruption Fallback 1
Disruption Fallback 1 means, if a Price Source Disruption has occurred or exists in respect of the Spot USD/CNY (HK) Fixing on the Original Substitute Valuation Date (if the Scheduled Substitute Valuation Date is not an Unscheduled Holiday) or on the Adjusted Scheduled Substitute Valuation Date (if the Scheduled Substitute Valuation Date is an Unscheduled Holiday), the Calculation Agent shall determine the Spot USD/CNY (HK) Fixing on the first Scheduled Fixing Business Day following the Original Substitute Valuation Date or the Adjusted Scheduled Substitute Valuation Date, as is applicable (and such first following Scheduled Fixing Business Day shall be deemed to be the Substitute Valuation Date, unless Disruption Fallback 2 applies), unless such Price Source Disruption shall have occurred or existed on such first following Scheduled Fixing Business Day or unless the Adjusted Scheduled Substitute Valuation Date falls after the Last Deferred Day.
Disruption Fallback 1 means, in respect of the FX Fixing Date, if a Price Source Disruption has occurred or exists in respect of the FX Rate on the Scheduled FX Fixing Date or the Adjusted FX Fixing Date, as applicable, the Determination Agent shall determine the FX Rate on the FX Business Day first succeeding the day on which, in the opinion of the Determination Agent, such Price Source Disruption ceases to exist (the “Postponed FX Fixing Date”), unless (a) such Price Source Disruption shall have occurred or existed throughout the Maximum Period of Postponement or
Disruption Fallback 1 means that if there is a Disruption Event with respect to the BRL-PTAX Rate, then the BRL Rate for the BRL Valuation Date will be determined in accordance with the EMTA BRL Industry Survey Rate applicable in respect of the BRL Valuation Date.
Disruption Fallback 1 means, in respect of any Adjusted Scheduled Payment Valuation Date, the Calculation Agent shall determine the FX Rate in respect of such Adjusted Scheduled Payment Valuation Date in accordance with the provisions of the Fallback Reference Rate for such date.
Disruption Fallback 1 means, in respect of any Valuation Date, if a Price Source Disruption has occurred or exists in respect of the USD/KZT FX Rate on the Adjusted Scheduled Valuation Date corresponding to such Valuation Date, the Calculation Agent shall determine the USD/KZT FX Rate for such Valuation Date using the USD/KZT FX Rate on the Business Day first succeeding the day on which such Price Source Disruption in respect of the USD/KZT FX Rate ceases to exist (and such day shall be deemed to such Valuation Date), unless such Price Source Disruption in respect of the USD/KZT FX Rate shall have occurred or existed on each Business Day falling in the period commencing on, and including, such Adjusted Scheduled Valuation Date and ending on, and including, the last day of the Maximum Period of Postponement.
Disruption Fallback 1 means, in respect of any Adjusted Scheduled Payment Valuation Date, if a Price Source Disruption has occurred or exists in respect of the USD/INR FX Rate on such Adjusted Scheduled Payment Valuation Date, the Calculation Agent shall determine the FX Rate in respect of such Adjusted Scheduled Payment Valuation Date in accordance with the definition of "USD/INR FX Rate" on the Business Day first succeeding the day on which such Price Source Disruption ceases to exist (and such day shall be deemed to be the Payment Valuation Date), unless such Price Source Disruption shall have occurred or existed throughout the Maximum Period of Postponement or unless the Adjusted Scheduled Payment Valuation Date falls after the Last Deferred Day. In such event, the FX Rate shall be determined on the first Scheduled Business Day following the Maximum Period of Postponement or the Last Deferred Day, as applicable (in each case, such day shall be deemed to be the Payment Valuation Date corresponding to such Adjusted Scheduled Payment Valuation Date), in accordance with the provisions of Disruption Fallback 2.