Examples of Local Banking Day in a sentence
Fiscal Agent In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the Issuer shall pay to the Fiscal Agent, on or before the date which is one Local Banking Day before the day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date in immediately available funds.
The Issuer shall, before 3.00 p.m. (Local Time) on the date which is one Local Banking Day before the due date of each payment by it under Clause 6.1 (Issuer to pay the Fiscal Agent), procure that the bank effecting payment for it confirms by tested telex or authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment.