Examples of Calculation Business Day in a sentence
RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and (i) in New York City (in the case of payment of the US Dollar Equivalent) or (ii) in Paris (in the case of payment of the Euro Equivalent).
Notwithstanding the foregoing or anything else contained in the Conditions, should the Issuer determine, in good faith and in a commercially reasonable manner, that in order to give effect to the methodology described in these Asset Terms and the Pricing Supplement Terms it is necessary to make calculations on a day that is not a Calculation Business Day then the Issuer shall be permitted to make such calculations on such calendar day as it shall see fit.
RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.
If the Issuer decides to postpone the Rate Calculation Date and the Spot Rate does not become available until the 15th consecutive calendar day after the Initial Rate Calculation Date, (a) the Rate Calculation Business Day first succeeding the 15th consecutive calendar day after the Initial Rate Calculation Date shall be the Rate Calculation Date, and (b) the Spot Rate shall be determined by the Calculation Agent as set out under (ii) of the preceding sentence.
Where the Calculation Agent determines that an Asset Disruption Event has occurred in respect of a Valuation Day t (a "Disrupted Valuation Day") then any calculation and determination in respect of the Disrupted Valuation Day shall be suspended until the earlier of (a) the Asset Business Day on which the Asset Disruption Event ceased to exist and (b) the Calculation Business Day falling immediately after the expiry of the Asset Disruption Period such day being the "Postponed Determination Day".