Common use of Date of Transaction Clause in Contracts

Date of Transaction. 10.1 In this Agreement and the various Terms and Conditions for Deposit Accounts set forth in the following sections, a “Business Day” refers to a day other than Saturday, Sunday and any other Japanese bank holidays stipulated by laws and regulations. 10.2 In the event that the Bank is requested by the Customer through facsimile, etc., to effect a transaction through the Deposit Account, the Bank will, unless specifically instructed otherwise by the Customer, effect the said transaction request on the same day as the Bank accepts the said request. Depending on the time of day when the said request is accepted the Bank may effect the transaction request on the next day or the next Business Day. In this regard, even if the funds available for payment (which phrase shall mean here and below the aggregate of the balance in the account and any amount made available to the Customer under an overdraft facility agreement if the Customer is separately provided with an overdraft facility by the Bank) were sufficient for that transaction at the time of the Bank’s acceptance of such request, the Bank may treat such request as cancelled if the funds available for payment are insufficient at the time of execution of such transaction. 10.3 Notwithstanding Articles 10.1 and 10.2, if, depending on the nature of the transaction, a transaction request under the Deposit Account cannot be effected as aforesaid due to a holiday in the jurisdiction of the relevant currency the Bank may effect such transaction request on the first Business Day on which such transaction request can be effected.

Date of Transaction. 10.1 In this Agreement All transactions with the Bank shall take place on a “Business Day” stipulated by the Banking Law and the various Terms and Conditions for Deposit Accounts set forth in the following sections, a Cabinet Office Regulations thereunder. A “Business Day” refers to a day other than Saturday, Sunday and any other Japanese bank holidays stipulated by laws and regulations. 10.2 In the event that the Bank is requested by the Customer through facsimile, etc., to effect a transaction through the Deposit Account, the Bank will, unless specifically instructed otherwise by the Customer, effect the said transaction request on the same day as the Bank accepts the said request. Depending on the time of day when the said request is accepted the Bank may effect the transaction request on the next day or the next Business Day. In this regard, even if the funds available for payment (which phrase shall mean here and below the aggregate of the balance in the account and any amount made available to the Customer under an overdraft facility agreement if the Customer is separately provided with an overdraft facility by the Bank) were sufficient for that transaction at the time of the Bank’s acceptance of such request, the Bank may treat such request as cancelled if the funds available for payment are insufficient at the time of execution of such transaction. 10.3 Notwithstanding Articles 10.1 and 10.2, if, depending on the nature of the transaction, a transaction request under the Deposit Account cannot be effected as aforesaid due to a holiday in the jurisdiction of the relevant currency the Bank may effect such transaction request on the first Business Day on which such transaction request can be effected.