Template:2002 ISDA Equity Derivatives Definitions 6.4: Difference between revisions

Section {{eqderivprov|6.4}}. '''{{eqderivprov|Disrupted Day}}'''. “'''Disrupted Day'''” means any {{eqderivprov|Scheduled Trading Day}} on which a relevant {{eqderivprov|Exchange}} or any {{eqderivprov|Related Exchange}} fails to open for trading during its regular trading session or on which a {{eqderivprov|Market Disruption Event}} has occurred. The {{isdaprov|Calculation Agent}} shall as soon as reasonably practicable under the circumstances notify the parties or other party, as the case may be, of the occurrence of a {{eqderivprov|Disrupted Day}} on any day that, but for the occurrence of a {{eqderivprov|Disrupted Day}}, would have been an {{eqderivprov|Averaging Date}}, a {{eqderivprov|Valuation Date}}, a {{eqderivprov|Potential Exercise Date}}, a {{eqderivprov|Knock-in Determination Day}}, a {{eqderivprov|Knock-out Determination Day}} or an Expiration {{eqderivprov|Date}}. Without limiting the obligation of the Calculation Agent to notify the parties as set forth in the preceding sentence, failure by the {{eqderivprov|Calculation Agent}} to notify the parties of the occurrence of a {{eqderivprov|Disrupted Day}} shall not affect the validity of the occurrence and effect of such {{eqderivprov|Disrupted Day}} on any {{isdaprov|Transaction}}. <br>