Securities Termination Event

Example Definitions of "Securities Termination Event"
Securities Termination Event. Either of the following has occurred: (a) trading in securities generally in the United States has been suspended or limited for a consecutive period of greater than three (3) Business Days; or (b) a banking moratorium has been declared by the United States or the New York State authorities and is continuing for a consecutive period of greater than three (3) Business Days
Securities Termination Event. Either of the following has occurred: (a) trading in securities generally in the United States has been suspended or limited for a consecutive period of greater than three (3) Business ten (10) Trading Days; or (b) a banking moratorium has been declared by the United States or the New York State authorities and is continuing for a consecutive period of greater than three (3) Business Days
Securities Termination Event. Either of the following has occurred: (a) trading in securities generally in the United States has been suspended or limited for a consecutive period of greater than three (3) Business ten (10) Trading Days; or (b) a banking moratorium has been declared by the United States or the New York State authorities and is continuing for a consecutive period of greater than three (3) Business Days
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Securities Termination Event. Either of the following has occurred: (a) trading in securities generally in the United States has been suspended or limited for a consecutive period of greater than three (3) Business Days; or (b) a banking moratorium has been declared by the United States or the New York State authorities and is continuing for a consecutive period of greater than three (3) Business Days; provided, however, for clarification, commercial banks in New York shall not be deemed to be subject to a banking... moratorium due to "stay at home", "shelter-in-place", "non-essential employee" or any other similar law, executive order or restriction or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in the City of New York are open for use by customers View More
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