System Disruption definition

System Disruption. Any event that materially disrupts (as determined by the Calculation Agent) the ability to effect transactions in the Share on the Exchange. The types of disruptions contemplated by this provision include, but are not limited to, (a) the temporary closure and re- opening of the Exchange at any point during the regular trading session and (b) a material systems failure of the trading communications and connectivity systems to the Exchange. Equity Amounts Payable by POBT Equity Amount Payer: POBT Number of Shares: 52.000 Equity Notional Amount: USD1, 031,525.06 Equity Notional Reset: Not Applicable Equity Payment Date: Three Currency Business Days after the Valuation Date Type of Return: Price Return Initial Price: USD 19.83702
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System Disruption means any disruption, malfunction or technical failure of the System, which has resulted in a Transaction being incorrectly processed by the System.
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System Disruption means the actual and measurable interruption, suspension or failure of a Computer System resulting directly from:
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Examples of System Disruption in a sentence

  • The term Exchange System Disruption, which is defined in the Definitions section of the Fee Schedule, means an outage of a Matching Engine or collective Matching Engines for a period of two consecutive hours or more, during trading hours.

  • The Exchange believes that it is reasonable and appropriate to select two consecutive hours as the amount of time necessary to constitute an Exchange System Disruption, as two hours equates to approximately 1.4% of available trading time per month.

  • System Disruption When an unanticipated incident occurs that causes a significant disruption in the collection, accuracy, integrity, or availability of the gaming system, the licensee must immediately contact the appropriate IT resources, such as local IT staff, IT contractor or gaming system vendor, to begin the troubleshooting process.

  • OCV” means the total equity and ETF options volume that clears in the Customer range at the Options Clearing Corporation (“OCC”) for the month for which the fees apply, excluding volume on any day that the Exchange experiences an Exchange System Disruption and on any day with a scheduled early market close.

  • TCV” means total consolidated volume calculated as the total national volume in those classes listed on MIAX Pearl for the month for which the fees apply, excluding consolidated volume executed during the period of time in which the Exchange experiences an Exchange System Disruption (solely in the option classes of the affected Matching Engine).

  • Extra Expense means reasonable and necessary expenses incurred by the Insured Entity, in excess of its normal operating expenses, to promptly resume or conduct business operations after the occurrence of a System Disruption, including those reasonable and necessary expenses to secure alternate or temporary locations, resources, and services for such purpose.

  • With respect to a System Disruption that begins in one Policy Period and continues or results in subsequent loss or expense, all loss or expense is deemed to be sustained in the Policy Period in which such System Disruption began.

  • A healthy diet is essential to good nutrition, but many people lack the knowledge, skills, access, or motivation to eat healthy diets.

  • The Waiting Period commences immediately after the specific date and time the System Disruption occurs.

  • Subject to the applicable Limits of Insurance and in excess of the Retention, the Insurer will pay the Insured Entity for Data Recovery Expense it incurs because of a System Disruption.


More Definitions of System Disruption

System Disruption means the actual and measurable interruption, suspension or failure of an Insured’s Network resulting directly from a Network Attack, including the intentional interruption of the Network by an Insured reasonably necessary to mitigate the effects of a Network Attack.
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System Disruption means any act, whether intentional, malicious, reckless or negligent, by a party other than an Insured that occurs during the policy period and is carried out without an Insured's consent or knowledge, which act causes harm or damage to the data maintained by such Insured, including, but not limited to, interference with, or intrusion or incursion into, any computer systems, electronic communication systems, devices and telephony, including, but not limited to, an insured provider’s electronic and computer databases, the Internet, intranet, extranet and related websites, facsimiles and electronic mail.
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System Disruption means any event that materially disrupts (as determined by the Calculation Agent) the ability to effect transactions in the Underlying Securities on the Exchange or in options contracts or futures relating to the Underlying Securities on the Related Exchange(s). The types of disruptions contemplated by this provision include, but are not limited to, (a) the temporary closure and re-opening of the Exchange(s) or Related Exchange(s) at any point during the regular trading session and (b) a material systems failure of the trading, communications and connectivity systems to the Exchange(s) or Related Exchange(s).
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System Disruption means the occurrence of any event which in the good faith opinion of the Bank materially prevents or limits the ability of the Bank or the Client from accurately and completely (i) distributing or receiving Price Quotes, Deal Requests or Deal Responses, or (ii) recording or maintaining the terms of Transactions, or (iii) entering into related hedging transactions on an automated basis.
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Related to System Disruption

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

  • Regulatory Disruption Any event that Dealer, based on the advice of counsel, determines makes it reasonably necessary or appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures that generally apply to transactions of a nature and kind similar to the Transaction and have been adopted in good faith by Dealer for Dealer to refrain from or decrease any market activity in connection with the Transaction. Settlement:

  • 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.

  • Price Source Disruption means (a) the failure of the Price Source to announce or publish the Reference Price (or the information necessary for determining the Reference Price); or (b) the temporary or permanent discontinuance or unavailability of the Price Source.

  • Disruption , as used in this part, means the cost effect upon, or the increased cost of performing, the unchanged work due to a change to the contract.

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Downtime means the Total Minutes in the Month during which the Cloud Service (or Servers for Server Provisioning) does not respond to a request from SAP’s Point of Demarcation for the data center providing the Cloud Service (or Server for Server Provisioning), excluding Excluded Downtime.

  • Market Disruption means any of the following events or situations if, in the determination of the Calculation Agent, any of these is material to the valuation of a Reference Item or any Hedging Arrangements of the Issuer in relation to the Securities provided that any Market Disruption in respect of a Relevant Reference Item shall be deemed to be a Market Disruption in respect of the related Reference Item:

  • Emergency Downtime means downtime during critical patch deployment and critical operating system upgrades as described in the Supplement.

  • Outage has the meaning set forth in the CAISO Tariff.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • Planned Outage means the removal of equipment from service availability for inspection and/or general overhaul of one or more major equipment groups. To qualify as a Planned Outage, the maintenance (a) must actually be conducted during the Planned Outage, and in Seller’s sole discretion must be of the type that is necessary to reliably maintain the Project, (b) cannot be reasonably conducted during Project operations, and (c) causes the generation level of the Project to be reduced by at least ten percent (10%) of the Contract Capacity.

  • Disruption Event means either or both of:

  • Continuous monitoring system means the total equipment, required under the emission monitoring section in applicable subsections used to sample and condition (if applicable), to analyze, and to provide a permanent record of emissions or process parameters.

  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this article, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

  • Continuous parameter monitoring system (CPMS means all of the equipment necessary to meet the data acquisition and availability requirements of the Prevention of Significant Deterioration program, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

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

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Market Disruption Rate means the rate (if any) specified as such in the Reference Rate Terms.

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.

  • Planned Downtime means any period of time during which the Service is unavailable due to Conga’s planned maintenance and support of the Service or Conga System. Planned Downtime shall not exceed 5 hours per month. Conga will endeavor to give at least 24 hours’ notice before Planned Downtime except for urgent circumstances (e.g., a system failure or security threat). Planned Downtime occurs from 10:00 p.m. Friday through 1:00 p.m. Sunday, Mountain Time.

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Degradation means a decrease in the useful life of the right-of-way caused by excavation in or disturbance of the right-of-way, resulting in the need to reconstruct such right-of-way earlier than would be required if the excavation or disturbance did not occur.

  • Unplanned Outage refers to the unavailable status of the units of the Power Plant other than Planned Outage. Based on the urgency of the needs of outage, the Unplanned Outage can be classified into five categories: (1) immediate outage; (2) the outage which could be delayed for a short while but the units must exit within six hours; (3) the outage which could be postponed over six hours but the units must exit within seventy-two hours; (4) the outage which could be deferred over seventy-two hours but the units must exit before the next Planned Outage; and (5) the prolonged outage which is beyond the period of the Planned Outage.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.