Examples of Fixing Day in a sentence
If a Market Disruption Notice is given in respect of a proposed Disrupted Loan, the interest rate applicable on each Interim Lender's participation in that Disrupted Loan will be the rate certified by that Interim Lender to the Interim Facility Agent no later than five (5) Business Days after the Rate Fixing Day to be its cost of funds (from any source which it may reasonably select) plus the Margin.
The Authority may enter into Transactions (other than Default Transactions): by telephone during Trading Hours; up to forty-two (42) Months in advance of a Supply Month in respect of which the Transaction applies (including beyond the end of the Term); and at any time prior to the relevant Last Fixing Day.
During Trading Hours on any Working Day up to and including the Last Fixing Day, the Authorised Representative may, by telephone, request the Supplier to provide it with a quotation for the sale or purchase of Baseload Blocks or Peakload Blocks of an Electricity Product on the wholesale electricity market (a Wholesale Market Price Quotation).
The Supplier shall calculate (and notify the Authority of) the Cost of Electricity for each Locked Product: so as to produce a single Cost of Electricity for the entire Supply Year; and within five (5) Working Days after the Last Fixing Day for the Electricity Product.
If, by 15:30 on the Last Fixing Day, Equilibrium has not been achieved the Supplier shall purchase the shortfall or sell the excess number of Contract Blocks necessary to produce Equilibrium.
If the Funding Cost is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by 12.00 noon (London time) (or 12.00 noon (Brussels time) in the case of any Interim Loan denominated in euro) on the Rate Fixing Day the applicable Funding Cost shall be determined on the basis of the quotations of the remaining Reference Banks, subject to Clause 8.7 (Market Disruption Notice).
If LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply an offered rate by 11.30 a.m. on a Rate Fixing Day, the applicable LIBOR shall, subject to Clause 12.2 (Market disruption), be determined on the basis of the quotations of the remaining Reference Bank(s).
Last Day on which the Authority can Lock or Unlock Baseload Blocks or Peakload Blocks through the Supplier: The last Day on which the Authority may Lock or Unlock Baseload Blocks or Peakload Blocks of an Electricity Product (being Variable Products only) is for each Month of delivery during the Electricity Product Year of the relevant Electricity Product, the third last EFA Day in the Month prior to the Month in question (the Last Fixing Day).
Unless otherwise agreed by the Parties, the Authorised Representative may only request price quotations or give instructions to the Supplier during the period of 8:30 hours to 17:00 hours on any Working Day (the Trading Hours) up to and including the Last Fixing Day.
The Borrower may borrow a Loan during the Availability Period if the Agent receives, not later than 10.00 a.m. three Business Days before the Rate Fixing Day for the proposed borrowing, a duly completed Request.