Banking Business Day definition

Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

Banking Business Day means any day not a Saturday, Sunday, legal holiday in the State of Utah, or day on which national banks in the State of Utah are authorized to close.

Banking Business Day means any day on which banks in Melbourne or Sydney are able to effect settlement through the Reserve Bank of Australia.

Examples of Banking Business Day in a sentence

• You agree to pay us and we may, without prior notice or demand, obtain payment of any amount due to and payable to us under this Agreement by debiting any deposit account you maintain with us, on either the Banking Business Day we transmit the wire transfer request, or for Value-Dated Payment Orders, the date you submit the wire transfer instructions to us, the Value Date or on such other date as is agreed to by us in writing.

• The Contractor shall provide the Department with a daily settlement reconciliation file that contains the details of all Agency Participants’ settlement activity no later than 7:00 AM ET on the following Banking Business Day.

• Payment Type Cut-off Time Settlement Visa, MasterCard, Discover 11:59 PM ET Next Banking Business Day** AMEX 11:59 PM ET 2nd Banking Business Day ACH 8:00 PM ET Next Banking Business Day** *All transactions that would otherwise be settled on bank holidays and weekends will be settled on the following Banking Business Day.

• At a Participant’s request, the Contractor shall provide a separate daily settlement reconciliation file containing only the individual Participant’s settlement details to the Participant no later than 7:00 AM ET on the following Banking Business Day.

• Banking Business Day A day on which the relevant payment service provider of the payer or the payment service provider of the payee involved in the execution of a payment transaction is open for business as required for the execution of a payment transaction Beneficiary A natural or legal person who holds a Payment Account and is the intended recipient of Funds which have been the subject of a payment transaction.

More Definitions of Banking Business Day

Banking Business Day means any day from Monday to Friday that is not a national public holiday.

Banking Business Day means each day other than a Saturday, a Sunday or any holiday on which commercial banks in Jacksonville, Florida are closed for business.

Banking Business Day means each day other than a Saturday, a Sunday or any holiday on which commercial banks in Orange County, California are closed for business.

Banking Business Day means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York and that is also a London Banking Day.

Banking Business Day means any day on which banks in Melbourne or Sydney are able to effect settlement through the Reserve Bank of Australia which is not a Saturday, Sunday or any public or bank holiday.

Banking Business Day means any day not a Saturday, Sunday, legal holiday in the State of Utah, or day on which national banks in the State of Utah are authorized to close and, when used with respect to all notices and determinations in connection with, and payments of principal and interest on, advances of the Loan bearing interest at a LIBOR Rate, any day on which dealings in dollar deposits are also carried on in the London Interbank market and banks are open for business in London.

Banking Business Day means (a) with respect to any Borrowing, payment or rate determination of LIBOR Loans, a day, other than a Saturday or Sunday, on which Agent Bank is open for business in San Francisco and on which dealings in Dollars are carried on in the London interbank market, and (b) for all other purposes any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the States of California and/or Nevada, or is a day on which banking institutions located in California and/or Nevada are required or authorized by law or other governmental action to close.