Relevant Business Day definition
Examples of Relevant Business Day in a sentence
If the date on which the non-utilisation fee is due to be paid is not a Relevant Business Day, payment shall be made on the next day, if any, of that calendar month that is a Relevant Business Day or, failing that, the nearest preceding day that is a Relevant Business Day, in all cases with a corresponding adjustment to the amount of non-utilisation fee due.
Where a day on which a payment would otherwise be due and payable is not a Relevant Business Day, such payment shall be due and payable by the payer on the next following Relevant Business Day.
A and Tranche B), and to the final interest payment only, when it shall mean the preceding Relevant Business Day, with adjustment to the interest due under Article 4.1 (Fixed Rate Tranches).
If the Tranche is disbursed on a day that is not a Quarter Day (or, where a Quarter Day is not a Relevant Business Day, on the first following day that is a Relevant Business Day), interest for the period from the date of disbursement to the first following Quarter Day shall be payable at the PRIBOR.
No later than the next Relevant Business Day after the day of receipt of the notice from the Parent Borrower, the Facility Agent shall notify the details of (a) to (c) in this paragraph to the Prepayment Lenders, and the Prepayment Lenders shall no later than four (4) Relevant Business Days prior to the Proposed Prepayment Date (Prepayment Consent Deadline), notify the Facility Agent of whether it will accept or reject the Prepayment.