Examples of Basket Business Day in a sentence
The "Cash Asset Value" on any Basket Business Day is equal to the value of a notional rules-based notional rules- based proprietary index calculated by Goldman Sachs International as index sponsor (the "Money Market Index"), which reflects a notional amount in the Strategy Currency which accrues interest compounded on a daily basis.
The Basket Sponsor will make available the Basket Closing Level of the Basket on each Basket Business Day as soon as reasonably practicable after 16.00 London time on the next Basket Business Day following such Basket Business Day (the “Basket Publication Time”).
If the Basket Value in respect of a Basket Business Day would be zero or less than zero, then the Basket Value in respect of such Basket Business Day and all following Basket Business Days shall be zero.
The Basket Value is calculated on each Basket Business Day from the Basket Inception Date.
Each of "Basket Observation Day", "Basket Business Day" and "Basket Inception Date" shall be as specified in the Strategy Supplement.