FX Disruption means the occurrence or existence of any event or circumstance, as determined by the Calculation Agent in its sole and absolute discretion, with respect to any currency in which any Share is traded, quoted or settled (each an "Event Currency") that has the effect of preventing or delaying the Issuer and/or any of its Affiliates or agents directly or indirectly from: (i) converting the Event Currency into the Specified Currency through customary legal channels; (ii) converting the Event Currency into the Specified Currency at a rate at least as favourable as the rate for domestic institutions located in any jurisdiction which uses the Event Currency as its primary currency (an "Event Currency Jurisdiction"); (iii) delivering the Specified Currency from accounts inside the Event Currency Jurisdiction to accounts outside the Event Currency Jurisdiction; (iv) delivering the Event Currency between accounts inside the Event Currency Jurisdiction or to an entity that is a non- resident of the Event Currency Jurisdiction; or (v) effectively realising in the Specified Currency the value of any hedging arrangement in respect of the Equity Linked Notes at any time.
FX Disruption means the occurrence of any event after the Trade Date that makes the Hedging Party unable, after using commercially reasonable efforts, to:
FX Disruption means the occurrence of any event after the Trade Date of the relevant Securities that makes the Issuer and/or its affiliates unable, after using commercially reasonable efforts, to:
Examples of FX Disruption in a sentence
FX Disruption Event Cut-off Date (General Instrument Condition 2(a)): Default FX Disruption Event Cut-off Date.
FX Disruption Event is applicable to the Instruments − General Instrument Condition 16 and FX Linked Condition 4 shall apply.
FX Disruption Event is applicable to the Instruments, General Instrument Condition 14 and FX Linked Condition 4 shall apply.
FX Disruption Event Cut-off Date (General Note Condition 2(a)): Default FX Disruption Event Cut-off Date.
FX Disruption Event is applicable to the Instruments, General Instrument Condition 16 and FX Linked Condition 4 shall apply.
More Definitions of FX Disruption
FX Disruption means the occurrence of any event or condition (including any change in law or any government action) which in the determination of the Calculation Agent, acting in good faith and in a commercially reasonable manner, makes it impossible, illegal or impractical (i) to convert any Reference Currency into the Specified Currency through customary legal channels, (ii) for non-residents of any Reference Currency Jurisdiction to convert the related Reference Currency into the Specified Currency on terms as favourable as those generally available to residents of such Reference Currency Jurisdiction, or (iii) for residents or non-residents of such Reference Currency Jurisdiction to transfer funds, including any non-Reference Currency funds, from accounts inside such Reference Currency Jurisdiction to accounts outside such Reference Currency Jurisdiction or between accounts in such Reference Currency Jurisdiction or by or to non-residents of such Reference Currency Jurisdiction.
FX Disruption means the occurrence, as determined by the Calculation Agent in its sole and absolute discretion, of (a) an Inconvertibility, (b) Non-transferability (c) Illiquidity, or (d) any other event affecting the Reference Currency or Specified Currency (as applicable) (the "FX Disruption Relevant Currency") which would make it unlawful or impractical in whole or in part (including without limitation, as a result of compliance with any applicable present or future law, rule, regulation, judgment, order or directive or with any requirement or request of any governmental, administrative, legislative or judicial power) for the Issuer (or the Issuer's affiliate) to pay or receive amounts in the FX Disruption Relevant Currency under or in respect of any hedging arrangement relating to or connected with the FX Disruption Relevant Currency. For the purposes hereof:
FX Disruption means the occurrence and/or existence of any of the following circumstances:
FX Disruption. An FX Disruption shall occur if any of the government of Chile or its agencies, instrumentalities or entities (including, without limitation, its banks), by means of any law, regulation, ruling, directive or interpretation, whether or not having the force of law, takes any action, which is in existence or has effect on the relevant day or any date thereafter through the related settlement date on which the related foreign exchange transaction would be expected to settle, as the case may be, which, legally or de facto, prevents, or has the effect of restricting or limiting, (i) the general availability of USD at an exchange spot rate equal to the Exchange Rate in any legal foreign exchange market in Chile in accordance with normal commercial practice, (ii) the ability to exchange CLP for USD or (iii) the transfer of or receipt of CLP or USD outside of Chile through customary legal channels. Local Currency Business Day: A day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York and Xxxxxxxx.
FX Disruption means, in the determination of the Calculation Agent, any action, event or circumstance whatsoever which, from a legal or practical perspective makes it impossible for the Calculation Agent to obtain the USD/UYU FX Rate on the UYU Valuation Date.
FX Disruption means, in the determination of the Calculation Agent, any action, event or circumstance whatsoever which, from a legal or practical perspective makes it impracticable for the Calculation Agent to obtain the USD/UYU FX Rate on any UYU Valuation Date; "Initial USD/UYU FX Rate" means 40.25, being the USD/UYU FX Rate in respect of the Initial UYU Valuation Date; "Initial UYU Valuation Date" means the Trade Date, being March 4, 2020 (the "Scheduled Initial UYU Valuation Date"), subject to postponement in accordance with the provisions set forth in Term 18 (UYU Related FX Disruption and Disruption Fallbacks) if an FX Disruption and/or an Unscheduled Holiday occurs on such date; "Montevideo Business Day" means a day (other than a Saturday or a Sunday) on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in Montevideo; "Reference Dealers" means the Montevideo office of each of Banco Itau, Banco Santander, Citibank and HSBC. In the event that any of the Reference Dealers shall cease to operate in Uruguay, such Reference Dealer shall be substituted by the Calculation Agent for purposes of completing the Dealer Poll; "Scheduled UYU Valuation Date" means each of the Scheduled Initial UYU Valuation Date and the Scheduled Final UYU Valuation Date (or either, as applicable); "Trade Date" means March 4, 2020; "Unscheduled Holiday" means a day that is not a Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m., Montevideo time, two Montevideo Business Days prior to such day; "USD/UYU FX Rate" means, in respect of any UYU Valuation Date, the USD/UYU exchange rate, expressed as the amount of UYU per one USD, reported by the Banco Central de Uruguay (Central Bank of Uruguay) (www.bcu.gub.uy) as its “U.S.$Fdo” rate at approximately 4:00 p.m., Montevideo time, on such UYU Valuation Date (“UYU01”). UYU01 currently appears on Bloomberg Screen FIXI page appearing under the heading “Emerging Markets Fixings” on such UYU Valuation Date.If Annex A to the 1998 FX and Currency Option Definitions published by the International Swaps and DerivativesAssociation, Inc., the Emerging Markets Traders Association
FX Disruption means the occurrence of any event or condition (including any change in law or any government action) which in the determination of the Calculation Agent, acting in good faith and in a commercially reasonable manner, makes it impossible, illegal or impractical (i) to convert the Reference Currency into the Specified Currency through customary legal channels, (ii) for non-residents of the Reference Country to convert the Reference Currency into the Specified Currency on terms as favourable as those generally available to residents of the Reference Country, or (iii) for residents or non-residents of the Reference Country to transfer funds, including non-Reference Currency funds, from accounts inside the Reference Country to accounts outside the Reference Country or between accounts in Reference Country or by or to non- residents of the Reference Country.