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 reopening 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 Fruhling Equity Arnount Payer: Fruhling Number of Shares: 2,963,789 Equity Notional Amount: USD14,751,103.87 Equity Notional Reset: Not Applicable Equity Payment Date: Three Currency Business Days after the Valuation Date Type of Return: Price Return Initial Price: USD 4.97711
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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 1. a Computer Violation; or
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Examples of System Disruption in a sentence

  • 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 Insurer will pay the Insured Organization for Business Interruption Loss incurred by the Insured Organization which is directly caused by a Computer System Disruption taking place during the Policy Period and Discovered during the Policy Period or the Automatic Extended Period to Discover Loss.

  • SPECIMEN The Company will pay the Insured Organization for Business Interruption Loss incurred by the Insured Organization which is directly caused by a Computer System Disruption taking place during the Policy Period and Discovered during the Policy Period or the Automatic Extended Period to Discover Loss.


More Definitions of System Disruption

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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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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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.

  • Supply Chain Disruption means an inability by the Contractor to obtain goods or services from third parties necessary to perform the Work of the Contract within the schedule specified therein, despite the Contractor making all reasonable commercial efforts to procure same. Contractors are advised that increased costs do not, in and of themselves, amount to a Supply Chain Disruption;