Modified Business Day Convention definition

Modified Business Day Convention means that such date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;
Sample 1Sample 2Sample 3
Modified Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;
Sample 1Sample 2Sample 3
Modified Business Day Convention has the meaning specified in Condition 5.09 (Definitions);
Sample 1Sample 2Sample 3

Examples of Modified Business Day Convention in a sentence

  • Unless previously redeemed, or purchased and cancelled, Notes shall be redeemed by the Issuer at the Redemption Amount as specified in, or determined in the manner specified in, the Issue Terms on the Maturity Date specified in the Issue Terms, adjusted in accordance with the Modified Business Day Convention and in any case, the date on which the Redemption Amount is to be paid shall be two Business Days after the relevant Valuation Date.


More Definitions of Modified Business Day Convention

Modified Business Day Convention has the meaning set forth in the Swap Definitions.
Sample 1Sample 2Sample 3
Modified Business Day Convention means that the INDEX2 and INDEX5 observation for a calendar day that is not a Business Day will be deemed the same as the Business Day immediately prior;
Sample 1
Modified Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day save in respect of Notes for which the Reference Rate is SOFR, for which the final Interest Payment Date will not be postponed and interest on that payment will not accrue during the period from and after the scheduled final Interest Payment Date;
Sample 1

Related to Modified Business Day Convention

  • Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.