System Disruption or Malfunction definition
System Disruption or Malfunction means (i) any disruption, malfunction or technical failure of the System, or any part of the System, including any electronic communications, not operating as intended by MarketAxess or which has resulted in a Transaction being incorrectly processed by the System (as determined by MarketAxess in its sole discretion); or (ii) the incorporation into, or use by, the System of any calculation, reference data or reference price (including without limitation a Price Discovery Tool) which has been determined by MarketAxess in its sole discretion to be incorrect, stale or otherwise erroneous; (iii) in relation to any Automation Protocols, the failure of the System or MarketAxess to correctly apply the trading criteria, defaults or settings entered by the Participant; or (iv) for Eligible Instruments trading on a spread to treasury basis, the failure of the System to use the benchmark treasury accepted by the bond markets as the convention for such Eligible Instrument, or the failure of the System to use current prices of such benchmark treasury during the spotting process (in each case such failure being determined by MarketAxess in its sole discretion).
System Disruption or Malfunction means (i) any disruption, malfunction or technical failure of CRYP or the Platform, including any electronic communications, which results in a Transaction being incorrectly processed by CRYP; or (ii) any incorrect, stale or otherwise erroneous reference data incorporated into or used by CRYP.
System Disruption or Malfunction means (i) any disruption, malfunction or technical failure of PPX or the Property Partner Website, including any electronic communications, which results in a Transaction being incorrectly processed by PPX; or (ii) any incorrect, stale or otherwise erroneous reference data incorporated into or used by PPX.