Observation day definition

Observation day means a physician-ordered evaluation period of less than 24 hours to determine whether a person needs treatment or needs to be admitted as an inpatient. Each observation day consists of a period of 24 hours or less.

Observation day means a physician-ordered evaluation period of less than 24 hours to determine whether a person needs treatment or needs to be admitted as an inpatient.

Observation day means, in respect of each Share, an Exchange Business Day on which there is no Market Disruption Event;

Examples of Observation day in a sentence

• Computation of the Basket The calculation agent will calculate the value of the Basket by summing the products of the closing value for each Basket Component on the applicable Observation Day and the Component Ratio applicable to each Basket Component.

• If any Observation Day subject to postponement as described in the preceding paragraph is also the Final Observation Day, for purposes of calculating the Maturity Payment Amount, the Final Observation Day will be so postponed.Calculation AgentThe Calculation Agent will determine whether a Contingent Coupon Payment will be made, the Optional Redemption Price, if any, and the Maturity Payment Amount, if any.

• Each Observation Day during an Observation Period is subject to postponement due to Market Disruption Events as described under “Market Disruption Events” herein.

• For the avoidance of doubt, if the Calculation Agent takes the action described in clause (ii) above, then such Disrupted Day shall be an Observation Day for purposes of calculating the Forward Price or Buyer Settlement Price, as applicable.

• For the avoidance of doubt, if the Calculation Agent takes the action described in clause (ii) above, then such Disrupted Day shall be an Observation Day for purposes of calculating the Forward Price or Buyer Settlement Price, as applicable.Any Scheduled Trading Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be a Scheduled Trading Day.

More Definitions of Observation day

Observation day means, in relation to a Coupon Payment Date (the "Relevant Coupon Payment Date"), each [calendar day] [Business Day] in the period (i) from and including the [second] Business Day immediately preceding the Coupon Payment Date falling immediately prior to the Relevant Coupon Payment Date [If Coupon Rate is not already set for initial Coupon Period insert: (or, if none, the [second] Business Day immediately preceding [the Issue Date] [the Primary Market End Date])], (ii) to but excluding the [second] Business Day immediately preceding the Relevant Coupon Payment Date;

Observation day means each TARGET Business Day during the relevant Observation Period. "Cut-Off Date" means the day that is six TARGET Business Days prior to an Interest Payment Date.

Observation day means a physician ordered evaluation period of less than 24 hours to determine the need of treatment or the need for admission as an inpatient.

Observation day means each Trading Day on which no Market Disruption Event has occurred or is continuing.

Observation day means each calendar day, provided that, notwithstanding the Business Day Convention, in respect of any calendar day that is not a Business Day, the Reference Rate from the immediately preceding Business Day shall apply to that day.

Observation day means, in respect of each Share, a Scheduled Trading Day during the Observation Period which is not a Disrupted Day;

Observation day means a day that is both (i) a Scheduled Trading Day for the Index that is not a Disrupted Day for the Index; and (ii) a TARGET Settlement Day.