Banking Day definition

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

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Banking Day means a day on which commercial banks in London are open for general business (including dealings in foreign exchange and foreign currency deposits).

Banking Day means, in respect of any city, a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in that city.

Examples of Banking Day in a sentence

Borrower shall have delivered to Administrative Agent a Beneficial Ownership Certification in relation to Borrower at least one (1) Banking Day prior to the Closing Date.
Upon receipt of such Net Cash Proceeds, such Net Cash Proceeds shall be deposited into the Loss Proceeds Borrower Account and then subject to withdrawal immediately solely to make such mandatory prepayment of the Loans on the same Banking Day such Net Cash Proceeds are received by Borrower.
Any payment made after such time on any day shall be deemed received on the next Banking Day after such payment is received.
Upon receipt of such Net Cash Proceeds, such Net Cash Proceeds shall be deposited into the Asset Disposition Borrower Account and then subject to withdrawal solely to make such mandatory prepayment of the Loans on the same Banking Day such Net Cash Proceeds are received by Borrower.
Administrative Agent shall disburse to each Lender each such payment received by Administrative Agent for such Lender, such disbursement to occur by 4:00 pm (Plano, Texas time) time, on the day such payment is received if received by 2:00 pm (Plano, Texas time) time; and otherwise on the next Banking Day.

More Definitions of Banking Day

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Real Time Gross Settlement System operated by the Eurosystem (T2) (or any successor system thereto) are open for business.

Banking Day means, in respect of any city, any date on which commercial banks are open for business in that city.

Banking Day means a day other than a Saturday or a Sunday or a public holiday listed throughout Australia.

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System is open for business and commercial banks and foreign exchange markets settle payments in the Banking Day Financial Centre.

Banking Day means a day on which dealings in deposits in Dollars are carried on in the London Interbank Eurocurrency Market and (other than Saturday or Sunday) on which banks are open for business in London, Piraeus and New York City (or any other relevant place of payment under clause 6);

Banking Day means any day other than a Saturday, Sunday or other day on which banks are or are authorized to be closed in New York, New York and, where such term is used in any respect relating to a LIBOR Loan, which is also a day on which dealings in Dollar deposits are carried out in the London interbank market.

Banking Day means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions.