TARGET Business Day definition

TARGET Business Day means a day on which the TARGET System is operating.
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TARGET Business Day means a day on which the Trans-European Automated Real- time Gross settlement Express Transfer system 2 (TARGET) is operating.
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TARGET Business Day means any day on which TARGET2 is open for the settlement of payments in euro.
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Examples of TARGET Business Day in a sentence

  • The second TARGET Business Day preceding the applicable Reset Date, unless EUR-LIBOR is determined in accordance with Section 2.07(i)(I)(3), in which case it means the applicable Reset Date.

  • TARGET Business Day: A day on which the TARGET system is operating.

  • If the due date for payment in respect of any Instruments is not, in respect of such Instruments, a Relevant Financial Centre Day (as defined in Condition 9B.02 of the terms and conditions of the relevant Instruments) then payment will be made on the next following Relevant Financial Centre Day (or, in the case of Instruments denominated or, if different, payable in Euro on the next following day which is a TARGET Business Day (as defined in Condition 5B.04 of the terms and conditions of the Instruments).

  • Holders will not be entitled to any interest or other payment for any delay after the due date in receiving the amount due if the due date is not a TARGET Business Day if the Holder is late in surrendering certificates (if required to do so) or if a cheque mailed in accordance with this paragraph arrives after the due date for payment.

  • The second TARGET Business Day preceding the applicable Reset Date, unless EUR-LIBOR is determined in accordance with Section 2.07(i)(I)(iii), in which case it means the applicable Reset Date.


More Definitions of TARGET Business Day

TARGET Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) System, or any successor thereto, is operating credit or transfer instructions in respect of payments in euro.
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TARGET Business Day means a day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) System is open;
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TARGET Business Day means a day on which the TARGET2 System or any successor thereto is operating, where "TARGET2 System" means the Trans-European Automated Real- Time Gross Settlement Express Transfer (TARGET2) System.
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TARGET Business Day means a day on which TARGET is operating;
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TARGET Business Day means a day on which the TARGET2 System is open.
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TARGET Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open.
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TARGET Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) System, which utilises a single shared platform and which was launched on 19 November 2007, or any successor thereto, is operating credit or transfer instructions in respect of payments in Euro.
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