Modified Following Business Day definition

Modified Following Business Day means, for any relevant date other than the maturity, if such date would otherwise fall on a day that is not a business day, then such date will be postponed to the next day that is a Business Day, except that, if the next Business Day falls in the next calendar month, then such date will be advanced to the immediately preceding day that is a Business Day.
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Modified Following Business Day means, with respect to any date, the next Business Day immediately following such date; provided, however, that if such date is not the Maturity Date and the next Business Day following such date is in the next succeeding calendar month, “Modified Following Business Day” shall instead mean the Business Day immediately preceding such date.
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Modified Following Business Day. Convention shall mean the convention for adjusting any relevant date if it would otherwise fall on a day that is not a Business Day. The following terms, when used in conjunction with the term, "Modified Following Business Day Convention", and a date, shall mean that an adjustment will be made if that date would otherwise fall on a day that is not a Business Day so that the date will be the first following day that is a Business Day. Net Income (Net Loss) means the net income (or net loss, expressed as a negative number) for any period, after all taxes actually paid or accrued and all expenses and other charges determined in accordance with GAAP.
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Examples of Modified Following Business Day in a sentence

  • Interest Payment Dates: Each date specified in Column A of Annex 1 hereto, subject in each case to adjustment in accordance with the Modified Following Business Day Convention for which purpose the Relevant Business Days is TARGET Settlement Days without adjustment of interest payable.

  • Trade Date:28 May 2015.Effective Date:21 February 2015, subject to adjustment in accordance with the Modified Following Business Day Convention.Termination Date:21 February 2063, subject to adjustment in accordance with the Modified Following Business Day Convention.

  • If any date except the date of allotment, falls on a public holiday, the Modified Following Business Day convention shall be considered.

  • Floating Amounts (2) Floating Amount Payer (2):Party BFloating Amounts (2):See Schedule AFloating Amount Payer (2) Payment Dates:See Schedule A, subject to adjustment in accordance with the Modified Following Business Day Convention, with No Adjustment to Period End DatesIndex:GBP - Non-revised Retail Price Index (UKRPI).Index (2) Final:The Index level for the Reference Month that is three months preceding the respective Floating Amount Payer(2) Payment Date.

  • Other terms relating to the method of calculation of interest for Fixed Rate Securities: Business Day Convention: Modified Following Business Day Convention.

  • Business Day Convention: Modified Following Business Day Convention.

  • Day Count Convention: Actual/360 Business Day Convention: Modified Following Business Day Listing: Yes; Nordic ABM Special Conditions: NA.

  • Business Day Convention: If the relevant Interest Payment Date falls on a day that is not aBusiness Day, that date will be 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).

  • Konu, birçok konsilde tartışıldıktan sonra imparator, Constantinopolis’te, Arius’un Alexandria’ya Piskopos olarak atanmasını onaylar27.

  • If a Floating Interest Payment Date would otherwise fall on a date which is not a Business Day, it will be adjusted in accordance with the Modified Following Business Day Convention.


More Definitions of Modified Following Business Day

Modified Following Business Day has the meaning given in CONVENTION" Section 4.12 of the 2000 ISDA Definitions published by the International Swaps and Derivatives Association, Inc;
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Modified Following Business Day means the first following Business Day, unless the first following Business Day is in the next calendar month, in which case the applicable date will be the last Business Day of that month;
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Related to Modified Following 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;

  • non-business day means Saturday, Sunday and any other day that is a holiday as defined in the Interpretation Act (Canada);

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Exchange Business Day means any Scheduled Trading Day on which the Exchange and each Related Exchange are open for trading during their respective regular trading sessions, notwithstanding any such Exchange or Related Exchange closing prior to its Scheduled Closing Time.

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

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.