Template:Nutshell Equity Derivatives 1.48

1.48. “Knock-in Determination Day” means each specified Scheduled Trading Day, unless it is a Disrupted Day due to an event occurring before the Knock-in Valuation Time, in which case the Knock-in Determination Day will be the following undisrupted Scheduled Trading Day, unless eight Scheduled Trading Days in a row are Disrupted Days, in which case, that eighth Scheduled Trading Day will be the Knock-in Determination Day, even though it is a Disrupted Day, and the Calculation Agent must determine the level of the Knock-in Reference Security in the same way it would have determined the level of an Underlier on a disrupted Valuation Date under Section 6.6(a)(ii), (b) or (c).

Unless otherwise specified the Knock-in Determination Days will be each Scheduled Trading Day from and including the Trade Date to and including the final Valuation Date, the Expiration Date or, if none, the date one Settlement Cycle prior to the final Settlement Date for the Transaction (adjusted as necessary under Sections 3.1(f) and 6.6).