Fallback Observation Day definition

Fallback Observation Day means, in respect of a Reset Date and the Calculation Period (or any Compounding Period included in that Calculation Period) to which that Reset Date relates, unless otherwise agreed, the day that is five Business Days preceding the related Payment Date.”

Fallback Observation Day means, in respect of an interest determination date and the interest period to which such interest determination date relates, the day that is two Business Days preceding the related interest payment date for such interest period.

Fallback Observation Day means, in respect of a Reset Date and the relevant Interest Accrual Period to which that Reset Date relates, the day that is two Toronto Business Days preceding the related interest payment date;

Examples of Fallback Observation Day in a sentence

• For the purposes of this Rate Option and references to Fallback Observation Day in this Rate Option, references to “Business Days” will be to those Business Days applicable for the purposes of the payment obligation which is calculated by reference to this Rate Option and references to an “Original IBOR Rate Record Day” are to that term as used on the Fallback Rate (TONA) Screen.

• The definition of Fallback Observation Day in the ISDA Definitions shall be deemed deleted in its entirety and replaced with the following: Fallback Observation Day means, in respect of a Reset Date and the Calculation Period (or any Compounding Period included in that Calculation Period) to which that Reset Date relates, unless otherwise agreed, the day that is five Business Days preceding the related Payment Date.

• For the purposes of this Rate Option and references to Fallback Observation Day in this Rate Option, references to “Business Days” will be to those Business Days applicable for the purposes of the payment obligation which is calculated by reference to this Rate Option and references to an “Original IBOR Rate Record Day” are to that term as used on the Fallback Rate (EuroSTR) Screen.

• Concrete gutters shall be built to the dimensions and shape shown on the plans or the standard construction drawing.

• For the purposes of the definition of Fallback Observation Day in relation to a Relevant Floating Rate Option, references to “Business Days” will be to those Business Days applicable for the purposes of the payment obligation which is calculated by reference to such Floating Rate Option.

More Definitions of Fallback Observation Day

Fallback Observation Day means, in respect of a Reset Date and the Calculation Period (or any Compounding Period included in that Calculation Period) to which that Reset Date relates, unless otherwise agreed, the day that is five Business Days preceding the related Payment Date.For the purposes of the above, "Calculation Period" and "Compounding Period" have the meanings given to them in the ISDA Definitions.

Fallback Observation Day means, in respect of a Reset Date and the Calculation Period (or any Compounding Period included in that Calculation Period) to which that Reset Date relates, unless otherwise agreed, the day that is five Business Days preceding the related Payment Date." Unless otherwise stated in the applicable Final Terms the Minimum Rate of Interest shall be deemed to be zero.

Fallback Observation Day means, in respect of an interest reset date and the interest period (or any compounding period included in that interest period) to which that interest reset date relates, unless otherwise agreed, the day that is two Business Days preceding the related interest payment date.

Fallback Observation Day means, in respect of a Reset Date and the Calculation Period to which that Reset Date relates, unless otherwise agreed, the day that is two Business Days preceding the related Payment Date.

Fallback Observation Day means, in respect of an interest determination date and the interest period to which such interest determination date relates, the day that is two business days (as defined in the terms and provisions of the applicable series of CDOR Securities) preceding the related interest payment date for such interest period;

Fallback Observation Day means, in respect of a Reset Date and the Calculation Period (or any Compounding Period included in that Calculation Period) to which that Reset Date relates, unless otherwise agreed, the day that is five Business Days preceding the related Payment Date.". For the purposes of this sub-paragraph (A), "Floating Rate", "Calculation Agent", "Calculation Period", "Compounding Period", "Floating Rate Option", "Designated Maturity" and "Reset Date" have the meanings given to those terms in the ISDA Definitions. Unless otherwise stated in the applicable Final Terms the Minimum Rate of Interest shall be deemed to be zero.

Fallback Observation Day means, in respect of an Applicable Fallback Rate and unless otherwise agreed, the day that is two Business Days (as defined in the relevant Protocol Covered Document or, if that term is not defined therein, as defined in the 2021 Definitions and, in each case, for the purposes of the payment which is calculated by reference to that Applicable Fallback Rate) preceding the day on which payment by reference to that rate is due.