Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;
Following Business Day Convention means that such date shall be postponed to the first following day that is a Business Day;
Following Business Day Convention means that if, with respect to a Payment Date, the respective Payment Date is not a Banking Day, the Security Holders shall not be entitled to payment until the next following Banking Day.
Examples of Following Business Day Convention in a sentence
Any payment under this Agreement shall be made on a Business Day subject to the Modified Following Business Day Convention.
More Definitions of Following Business Day Convention
Following Business Day Convention means that, if any Payment Date (or other relevant date) would otherwise fall on a day which is not a Business Day, it will be postponed to the following Business Day.
Following Business Day Convention means that, if any date subject to such convention would otherwise fall on a day which is not a Business Day, such date subject to such convention shall be postponed to the next day which is a Business Day; or
Following Business Day Convention means that the date is adjusted to the first following day that is a Business Day;
Following Business Day Convention means, for any interest payment date, other than the maturity, if such date would otherwise fall on a day that is not a business day, then such date will be postponed to the next day that is a business day.
Following Business Day Convention has the meaning specified in Condition 5.09 (Definitions);
Following Business Day Convention means a contractual provision or provision of applicable Laws pursuant to which a scheduled date for payment or performance of an obligation, which date is not a Business Day, is extended to the first following day that is a Business Day.
Following Business Day Convention means that, if any Interest Payment Date would otherwise fall on a day which is not a Business Day, such Interest Payment Date shall be postponed to the next day which is a Business Day; or