Examples of Reference Business Day in a sentence
Financial Centre(s): For the purpose of Master Condition 9(d) ( Business DayConvention), a “Business Day” shall mean a Reference Business Day as defined in Master Condition 1(a) (Definitions).
Consequently, any determination date under the Notes (and any related payment date) which relies on there being a benchmark will be suspended until an alternative benchmark (as adjusted by any adjustment spread) has been identified.If an alternative benchmark and adjustment spread are identified, any suspended payments shall be due on the second Reference Business Day following the Cut-off Date.
Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable in respect of each Class of Notes is expected to be funded by the corresponding Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).
Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable in respect of each Class of Notes is expected to be funded by the Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).
Financial Centre(s):For the purpose of Master Condition 9(d) (Business Day Convention), a “Business Day” shall mean a Reference Business Day as defined in Master Condition 1(a) (Definitions).
In this Condition 9(c), “business day” means (i) a Reference Business Day and(ii) if the Notes are represented by one or more Registered Certificates, a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in the relevant place of presentation.
Any such notice shall be deemed to have been given to the holders of the Notes on the Reference Business Day immediately following the day on which the said notice was given to Euroclear, Clearstream, Luxembourg or such other clearing system.
Formula for calculating the Swap Counterparty Equity Final Exchange Amount and the Additional Payout Amount The Additional Payout Amount (if any) payable is expected to be funded by the Swap Counterparty Equity Final Exchange Amount (if any) receivable by the Issuer on the Reference Business Day immediately preceding the Scheduled Maturity Date (the “Swap Counterparty Equity Final Exchange Date”).
To be sure, it has not reached the heights attained in the last cycle, however, homeowners have had this much equity relative to income on only a few occasions over the previous 60 years.
Where any date referred to in these Conditions that is specified to be subject to adjustment in accordance with the Modified Following Business Day Convention would otherwise fall on a day that is not a Reference Business Day, then such date shall be postponed to the next day that is a Reference Business Day unless it would thereby fall into the next calendar month, in which event such date shall be brought forward to the immediately preceding Reference Business Day.