Currency Business Day definition

Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

Currency Business Day means a day which is a Banking Day in the Financial Centre(s) if any (as specified in the relevant Pricing Supplement) and on which (unless the Settlement Currency is euro) commercial banks and foreign exchange markets are generally open to settle payments in the city or cities determined by the Issuer to be the principal financial centre(s) for the Settlement Currency, and if the Settlement Currency is euro, which is also a TARGET Business Day.

Currency Business Day means in respect of any obligations involving a payment denominated in: (i) euro, a

Examples of Currency Business Day in a sentence

• The provisions of this Section C will apply to FX Transactions entered into with Morgan Stanley under the terms of this Agreement.C.1. Payments All payments to be made upon the maturity of a FX Transaction will be made on the maturity date of such contract or, if such date is not a Currency Business Day, on the next Currency Business Day (the “Currency Settlement Date”).

• In this paragraph, "business day" means a day which is a Currency Business Day and, where presentation is required, a Banking Day in the relevant place of presentation.

• The Issuer acting in respect of the Cell shall have the right exercisable on any Currency Business Day falling in the period commencing from, and including, the Issue Date to, and including, the date that is two Currency Business Days (or any other number of Currency Business Days specified for the purposes of this provision in the applicable Supplemental Memorandum) following the Issue Date to redeem all of the then outstanding Preference Shares by payment of the Call and Put Redemption Amount.

• If for the purpose of obtaining judgment in any court or enforcing any such judgment it is necessary to convert any amount due in any Foreign Currency into any other currency, the rate of exchange used shall be the Agent's spot rate of exchange for the purchase of the Foreign Currency with such other currency at the close of business on the Foreign Currency Business Day preceding the date on which judgment is given or any order for payment is made.

• If any date for payment in respect of any Security is not a Currency Business Day, Securityholders shall not be entitled to payment until the next following Currency Business Day or to any interest or other sum in respect of such postponed payment.

More Definitions of Currency Business Day

Currency Business Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments in the principal financial centre for the Settlement Currency and such other financial centre(s), if any, as specified in the relevant Supplemental Memorandum;

Currency Business Day means any day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre for the relevant currency.

Currency Business Day means a day which is a Banking Day in Oslo;

Currency Business Day means a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open;

Currency Business Day means a day which is a Banking Day in the Additional Business Day Centre(s) if any (as specified in the Pricing Supplement) and on which commercial banks and foreign exchange markets are generally open to settle payments in the city or cities determined by the Issuer to be the principal financial centre(s) for the Settlement Currency.

Currency Business Day means, with respect to a Reference Currency, unless otherwise specified in the relevant Pricing Supplement, a day on which (a) the City of New York and the principal financial center for the Reference Currency as specified in the applicable Pricing Supplement are open for dealings in foreign exchange, (b) banking institutions in the City of New York and such principal financial center for the Reference Currency are not otherwise authorized or required by law, regulation or executive order to close and, (c) if specified in the applicable Pricing Supplement, the Trans-European Automated Real-time Gross Settlement Express Transfer System (“TARGET2”) is open, each as determined by the Calculation Agent.

Currency Business Day means any day or days on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre for the relevant currency.