Clearing Day definition
Examples of Clearing Day in a sentence
Cheques drawn on local banks are only cleared on a designated Clearing Day, which must be a Business Day.
The first interest payment will be effected on the earlier of July 1, 2008 and December 31 following the Effective Date for the period commencing on the Clearing Day of the Notes Effective Date and ending on July 1, 2008(including).
Title to the Shares in respect of which the Tender Offer has been validly accepted, and not validly withdrawn, will pass to the Offeror on the Clearing Day against the payment of the Offer Price by the Offeror to the tendering shareholder of Uponor.
The Offer Price will be paid on the Clearing Day to each shareholder of Uponor who has validly accepted, and not validly withdrawn, the Tender Offer into the management account of the shareholder’s book-entry account or, in the case of shareholders whose holdings are registered in the name of a nominee, into the bank account specified by the custodian or nominee.
For Statements of Authority received by EuroCCP after this deadline, EuroCCP will commence clearing services for that Trading Participant the Clearing Day after the next Clearing Day.