Examples of London and New York Business Day in a sentence
The Exchange Agent shall enter into a contract on behalf of the Issuer at or prior to 11.00 a.m. (New York City time) on the second London and New York Business Day (as defined below) preceding the applicable payment date for the purchase of U.S. dollars with an amount of the relevant Specified Currency equal to the aggregate amount which DTC has notified the Exchange Agent that Beneficial Holders wish to receive in U.S. dollars.
Fixed Rate Payer: Counterparty (the “Buyer”) Floating Rate Payer: Issuer (the “Seller”) Calculation Agent: Counterparty Calculation Agent City: London Business Days: London and New York Business Day Convention: Modified Following (which shall apply to any date referredto in this Confirmation, other than the Effective Date, that falls on a day that is not a Business Day).
Business Days: London and New York Business Day Convention: Following.
If any Payment Date does not fall on a London and New York Business Day (as defined below), the interest payment shall be postponed to the next day that is a London and New York Business Day, and no interest on such payment shall accrue for the period from and after such Payment Date.
For the purposes of the foregoing definitions: (a)"London Business Day" means a day on which banks are open for normal business in London and "New York Business Day" means a day on which banks are open for normal business in New York.
Calculation Agent: Notional Seller Calculation Agent City: London Business Day: London and New York Business Day Convention: Following (which, with the exception of theEffective Date, the Final Amortization Date, each Reference Obligation Payment Date and the period end date of each Reference Obligation Calculation Period, shall apply to any date referred to in this Confirmation that falls on a day that is not a Business Day).
For the purposes of the foregoing definitions: (a) "London Business Day" means a day on which banks are open for normal business in London and "New York Business Day" means a day on which banks are open for normal business in New York.
If at least two quotations are provided, LIBOR for the second London and New York Business Day immediately preceding the first day of such Dividend Period will be the arithmetic mean of the quotations.
Use of the existing field in Part 43 for “Indication of other price affecting terms” would be necessary to clarify that the price cannot be understood based on the data provided in the report for the component swap.