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.

  • The main reason is that our analysis ends in February 1933, before the National Banking Holiday.

  • Proposed methodology For the position risk, CDCC will calculate and apply at the Clearing Member level a charge based on the historical Margin movements for the products that could be negotiated during the Banking Holiday.

  • For this reason, CDCC has reviewed the methodology of the Additional Margin for Banking Holiday Risk and proposes to measure and combine the two risks into one supplemental additional margin.

  • 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.

  • After the National Banking Holiday in March 1933, there were significant government interventions.

  • 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.

  • Any day on which NEC's corporate offices are open for business and that is not a Banking Holiday.

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 on such payment for the intervening period.

  • Sunday means all the time between midnight Saturday and midnight Sunday.

  • 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;

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • Legal Holidays has the meaning specified in Section 1.14.

  • 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.

  • Unscheduled Holiday means a day that is not a Settlement Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m. local time in the principal financial centre of the Specified Currency two Settlement Business Days prior to the relevant Rate Fixing Date. As soon as the Calculation Agent is aware of such an Unscheduled Holiday, they shall inform the Issuer promptly.

  • Weekday means Monday – Friday.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.

  • Zurich Banking Day means a day on which banks are open in the City of Zurich for the settlement of payments and of foreign exchange transactions.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • 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.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Day means calendar day.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • Public Holidays means public holidays under NI Act., at the place where the Equipment is located, when banks are closed for business.

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.