Banking Holiday definition

Banking Holiday means any day on which banking institutions in New York, New York are authorized or required by law to close.
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Banking Holiday means Saturdays, Sundays, national holidays of Germany and any other day on which commercial banks in Germany are closed for business.
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Examples of Banking Holiday in a sentence

  • If any payment on this Note becomes due and payable on a Saturday, Sunday or Banking Holiday, then the date for payment thereof shall be extended to the next Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

  • If the Due Date is a Banking Holiday, the Due Date shall be the next Working Day.

  • Upon a request by Exchange for additional Eligible Collateral Support from a Contracting Party in accordance with this Agreement, the Contracting Party agrees to provide such additional Eligible Collateral Support to Exchange within the next Business Day or, if the next Business Day is a day that is a Recognized Banking Holiday, then on the first Business Day that is not a Recognized Banking Holiday following any such request.

  • Transfers initiated after 5:00 p.m. (Eastern Time), on a Saturday, on a Sunday or a Banking Holiday will be posted to your Account on the next Business Day.

  • All transfers completed after 6:00p.m.on a business day or on a Saturday, Sunday or Banking Holiday will be considered on the next business day.

  • Exchange agrees to return the relevant Retained Settlement Amounts and Retained Settlement Interest on the next Business Day or, if the next Business Day is a Recognized Banking Holiday, then on the first Business Day that is not a Recognized Banking Holiday, following such request provided that the Contracting Party’s Initial Margin is less than eighty percent (80%) of Net Equity on that Business Day.

  • Upon such a request, Exchange agrees to return the relevant Retained Settlement Amounts on the next Business Day or, if the next Business Day is a Recognized Banking Holiday, then on the first Business Day that is not a Recognized Banking Holiday, following such request.

  • Exchange agrees to return the relevant Contracting Party Interest on the next Business Day or, if the next Business Day is a Recognized Banking Holiday, then on the first Business Day that is not a Recognized Banking Holiday, following such request provided that the Contracting Party’s Initial Margin is less than eighty percent (80%) of Net Equity on that Business Day.

  • Exchange agrees to return the relevant Retained Settlement Amounts and Retained Settlement Interest on the next Business Day or, if the next Business Day is a Recognized Banking Holiday, then on the first Business Day that is not a Recognized Banking Holiday, following such request provided that the C ontracting Party’s Initial Margin is less than eighty percent (80%) of Net Equity on that Business Day.

  • Overtime is paid for work on: Maundy Thursday, the Second Day of Easter, the First Day of Summer, 1 May, Ascension Day, the Second Day of Whit Sunday, the Banking Holiday (first Monday in August) and the Second Day of Christmas.

Related to Banking Holiday

  • Bank Holiday means any day that is specified or proclaimed as a bank holiday, pursuant to section 1 of the Banking and Financial Dealings Act 1971;

  • General Holiday means every Sunday and any other day which is a

  • Legal Holiday means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.

  • Statutory Holiday means New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, and Boxing Day; and

  • public holiday means any day other than Saturday or Sunday on which the banks in the City of London are not open for business;