London Banking Days definition

London Banking Days means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.
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London Banking Days means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London, England.
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London Banking Days means days on which transactions are carried out in the London Interbank Market.
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Examples of London Banking Days in a sentence

  • As used herein, "Determination Date" means the date that is two London Banking Days (i.e., a business day in which dealings in deposits in U.S. dollars are transacted in the London interbank market) preceding the commencement of the relevant Distribution Period.

  • Floating Rate Option: USD-LIBOR-BBA, provided however, that (i) the term "London Banking Days" shall mean a Banking Day in New York and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period.

  • For the purposes of determining the date on which the applicable rate for Eurocurrency Loans, as the case may be, is determined under this Agreement for any Loan denominated in the Euro (or any National Currency Unit) for any Interest Period therefor, references in this Agreement to London Banking Days shall be deemed to be references to Target Operating Days.

  • Floating Rate: USD-LIBOR-BBA (set two London Banking Days prior to the first day of each Calculation Period).

  • Borrower may, on any London Banking Day two London Banking Days before a Commencement Date, request Bank to give an Adjusted LIBOR Rate quote for a specified loan amount and Interest Period.


More Definitions of London Banking Days

London Banking Days means a Business Day in New York and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period. Notwithstanding the foregoing, if the Spread applicable to the Trust Floating Rate exceeds the Prime Rate on any LIBOR Reset Date, the LIBOR Floating Rate for the related Calculation Period shall be increased by the number of basis points that the Spread so exceeds the Prime Rate as of that date. Representative Amount Not less than USD $1,000,000. Floating Rate Designated Maturity: Three (3) months. LIBOR Floating Rate for the Initial Calculation Period: For the initial Calculation Period only (the period from and including June 8, 2006 to but excluding September 15, 2006), the LIBOR Floating Rate will be determined by the following formula: x + [7/32 * (y – x) ] where: x = Three-Month USD-LIBOR-BBA, and y = Four-Month USD-LIBOR-BBA. LIBOR Floating Rate Day Count Fraction: Actual/360. LIBOR Floating Rate Payment Date: Early Payment applies – three (3) Business Days prior to each LIBOR Floating Rate Period End Date. Settlement: On each LIBOR Floating Rate Payment Date, DBAG will pay to the Trust an amount (to the extent such amount is positive) equal to: LIBOR Floating Rate for the previous LIBOR Floating Rate Reset Date times the Notional Amount in effect for such date times the LIBOR Floating Rate Day Count Fraction.
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London Banking Days means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London.
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London Banking Days in section 7.1(w)(xvii) of the Annex to the 2000 ISDA Definitions is replaced with reference to "London/New York Business Days" as that expression is defined in the Note Conditions;
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London Banking Days means a Business Day in New York City and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period. For the initial Calculation Period, the Floating Rate will be determined by the following formula: x + [ 5 /32 * (y – x) ] where: x = Three-Month USD-LIBOR-BBA, and y = Four-Month USD-LIBOR-BBA. Designated Maturity: 3 months. Spread : 0.16% per annum. Floating Rate Day Count Fraction: Actual/360. Reset Dates: First day of each Calculation Period. Initial Exchanges: Initial Exchange Date: Effective Date. CSi Initial Exchange Amount: USD 527,677,500. Trust Initial Exchange Amount: EUR 435,197,779. Interim Exchanges: Interim Exchange Date: Early Payment applies – three (3) Business Days prior to each Floating Rate Period End Date (falling on or before the Final Exchange Date) upon which the Trust is obliged to make a payment of principal to the Noteholders of the Class A-6 Notes.
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London Banking Days means a day which is not a Saturday or Sunday on which dealings by and between banks in U.S. dollar deposits may be transacted in the London interbank market.
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London Banking Days means any day on which dealings in U.S. Dollar deposits are conducted by and between banks in the London interbank eurodollar market.
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London Banking Days means a Business Day in New York and London and
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