Hedge Disruption Event definition

Hedge Disruption Event means in the opinion of the Calculation Agent any event as a result of which the Issuer and/or any of its Affiliates has not received the relevant Deliverable Obligations under the terms of the Hedging Arrangements (if any).
Sample 1Sample 2Sample 3
Hedge Disruption Event means in the opinion of the Calculation Agent any event as a result of which the Issuer and/or any of its Affiliates has not received the relevant Deliverable Obligations under the terms of any transaction entered into by the Issuer and/or any such Affiliate to hedge the obligations or position of the Issuer in respect of the Notes.
Sample 1Sample 2Sample 3
Hedge Disruption Event means the Issuer and/or any of its Affiliates has not received the relevant Deliverable Obligations and/or cash under the terms of a Hedge Transaction.
Sample 1Sample 2Sample 3

Examples of Hedge Disruption Event in a sentence

  • Extraordinary Hedge Disruption Event (General Condition 17):Applicable Extraordinary Hedge Sanctions Event: Applicable Extraordinary Hedge Bail-in Event: ApplicableExtraordinary Hedge Currency Disruption Event:Applicable 53.

  • See Risk Factor 5.4 (Where applicable, the Securities may be redeemed or terminated (as applicable) prior to their scheduled maturity due to the occurrence of an Extraordinary Hedge Disruption Event) below.

  • Extraordinary Hedge Disruption Event (General Condition 17): Not Applicable 57.

  • On early redemption or termination, as applicable, of the Securities following the occurrence of an Extraordinary Hedge Disruption Event, you will receive the 'Early Payment Amount' in full and final settlement of the Securities.

  • Extraordinary Hedge Disruption Event (General Condition 17):Applicable(i) Extraordinary Hedge Sanctions Event:Applicable (ii) Extraordinary Hedge Bail-in Event:Applicable (iii) Extraordinary Hedge Currency Disruption Event:Applicable 56.

  • Extraordinary Hedge Disruption Event (General Condition 17):Not Applicable(i) Extraordinary Hedge Sanctions Event: (ii) Extraordinary Hedge Bail-in Event: (iii) Extraordinary Hedge Currency Disruption Event: 56.

  • Extraordinary Hedge Disruption Event (General Condition 17):Applicable Extraordinary Hedge Sanctions Event: Applicable Extraordinary Hedge Bail-in Event: ApplicableExtraordinary Hedge Currency Disruption Event:Applicable 56.

  • Where Physical Settlement is the applicable Settlement Method, if as a result of a Hedge Disruption Event, the Issuer and/or any of its affiliates have not received the Deliverable Obligations and/or cash under the terms of a Hedge Transaction, such event will not constitute an Event of Default for the purposes of the Notes.

  • The Issuer may redeem the Securities in certain other extraordinary circumstances prior to the Maturity Date including the occurrence of an Extraordinary Hedge Disruption Event (as described in the terms and conditions of the Securities).

  • Extraordinary Hedge Disruption Event (General Condition 17):Not Applicable 56.


More Definitions of Hedge Disruption Event

Hedge Disruption Event means the Counterparty and/or any of its Affiliates has not received the relevant Deliverable Obligations and/or cash under the terms of any transaction or trading position (a "Hedge Transaction") entered into or held by the Counterparty and/or any of its Affiliates to hedge, directly or indirectly, the Counterparty’s obligations or positions (whether in whole or in part) in respect of the Swap Agreement.
Sample 1Sample 2Sample 3
Hedge Disruption Event means in the opinion of the Calculation Agent any event as a result of which the Issuer and/or any of its Affiliates and/or its agents has not received the relevant Deliverable Obligations under the terms of any transaction and/or trading position entered into by the Issuer and/or such Affiliate and/or its agents to hedge directly or indirectly and whether in whole or in part the Issuer’s obligations or position in respect of the Notes.
Sample 1Sample 2Sample 3
Hedge Disruption Event means, as determined by the Calculation Agent, the inability or impracticality on any day, due to market illiquidity, Illegality (as defined in the ISDA Master Agreement, but with respect to the Purchaser's hedging activities relating to any Note), lack of hedging transactions, lack of credit worthy market participants or otherwise, of the Purchaser or an affiliate of the Purchaser to establish, re-establish or maintain any transactions necessary or advisable to hedge, directly or indirectly, the equity price risk of holding the Notes on terms deemed reasonable by the Purchaser and at a daily Actual Hedge Cost that is equal to or less than the Maximum Hedge Cost.
Sample 1Sample 2
Hedge Disruption Event means that the Counterparty is unable, after using commercially reasonable efforts, to:
Sample 1

Related to Hedge Disruption Event

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Disruption Event means either or both of:

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • FX Market Disruption Event means each of the following events:

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • Final Disruption Date has the meaning provided in Annex A to this Confirmation. Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Expiration Date, the Calculation Agent, acting commercially reasonably, may determine that such Expiration Date is a Disrupted Day only in part, in which case (i) the Calculation Agent shall make commercially reasonable adjustments to the Number of Warrants for the relevant Component for which such day shall be the Expiration Date and shall designate the Scheduled Trading Day determined in the manner described in the second preceding sentence as the Expiration Date for the remaining Warrants for such Component, and (ii) the VWAP Price for such Disrupted Day shall be determined by the Calculation Agent based on transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event on such day. Any Scheduled Trading Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be a Scheduled Trading Day; if a closure of the Exchange prior to its normal close of trading on any Scheduled Trading Day is scheduled following the date hereof, but prior to the open of the regular trading session of the Exchange on such day, then such Scheduled Trading Day shall be deemed to be a Disrupted Day in full. Section 6.6 of the Equity Definitions shall not apply to any Valuation Date occurring in respect of an Expiration Date.

  • Exchange Disruption means any event (other than an Early Closure) that disrupts or impairs (as determined by the Determination Agent) the ability of market participants in general (i) to effect transactions in, or obtain market values for the Shares on the Exchange or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Share on any Related Exchange.

  • Swap Termination Event means any event defined as a “Termination Event” in the Interest Rate Swap Agreement.

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Reduction Event means, in relation to Notes that are Subordinated Notes, that a resolution has been passed at a general meeting of the Issuer’s shareholders in accordance with Danish law to reduce, inter alia and in the order described in Condition 10.3 (Effect), the Outstanding Principal Amounts and any accrued but unpaid interest and following the occurrence of all of the following circumstances:

  • Index Cessation Event means an Index Cessation Event as defined in Supplement number 70 to the 2006 ISDA Definitions, as amended or supplemented from time to time, and, for the purposes of these Conditions and the definition of "Index Cessation Event" therein, the "Applicable Rate" as used therein is six-month Sterling LIBOR;

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Valuation Event means an event in which the Company at any time during a Valuation Period takes any of the following actions:

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Extraordinary Event means any event, circumstance or cause which Royal Bank determines has or will have a material adverse effect on the ability of Royal Bank to perform its obligations under the Notes or to hedge its position in respect of its obligation to make payment of amounts owing thereunder, including as a result of any of Royal Bank’s internal policies, and more specifically includes a Market Disruption Event in respect of any Share or Hedging Event.

  • OBFR Index Cessation Event means the occurrence of one or more of the following events:

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.