Examples of Global Business Day in a sentence
Upon the occurrence of a Program Event, the Collateral Trustee shall make, on behalf of Counterparty, a claim on this Guarantee (and Counterparty shall not be entitled to pursue or make a claim hereunder unless the Collateral Trustee fails to do so) for the Guaranteed Amount, if any, on the seventh Global Business Day after the Valuation Date.
The Assignment Reference Market-maker shall agree to make any payment due to the Collateral Trustee by the third Global Business Day after the Valuation Date.
The Collateral Trustee will notify Counterparty, by Program Notice no later than 3:00 p.m. New York time on the second Global Business Day following the Valuation Date, of the amount payable by or to Counterparty or an Assignment Reference Market-maker.
IMPORTANT: Assignment will be allowed only if Counterparty is entitled to value all Transactions and Counterparty properly completes this Document and returns it to the Collateral Trustee by 3:00 p.m. New York time on the Global Business Day following the Valuation Date with respect to all Transactions.
The Collateral Trustee shall make payments of such Guaranteed Amount by 3:00 p.m. New York time on such Global Business Day to Counterparty, or an Assignment Reference Market-maker on behalf of Counterparty, to the extent the Collateral Trustee has received funds from CLFG or otherwise.
Businesses have been included in this process only through separate side events targeted at business representatives, such as Global Business Day organised by the World Business Council for Sustainable Development (WBCSD).
Typical Global Holidays are New Years Day, Good Friday and Christmas Day.▪ Global Business Day: any weekday that is not a Global Holiday DateTreatmentGlobal HolidayNo indices are published unless a Global Holiday falls on the last calendar day of the month.
Within nine Global Business Days, but in no event earlier than the third Global Business Day, after the Optional Trigger Date, Counterparty may by notice to CLNY require CLNY to offer to Counterparty a mid-market price, determined in good faith and in accordance with industry standards by CLNY on the basis of CLNY's valuation of all Transactions, to close out all Transactions on the Global Business Day such notice is effective.
The Collateral Trustee shall by Program Notice notify Counterparty and, if applicable, the Assignment Reference Market-maker by 3:00 p.m. New York time on the second Global Business Day following the Valuation Date of the amount payable, which shall be the sum of the amount determined in accordance with Part 6(b)(iii)(1) above, if any, and the amount determined in accordance with Part 6(b)(iii)(2) above, if any.
All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Global Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Global Business Day if timely delivered to an air courier guaranteeing overnight delivery.