TARGET Business Day definition

TARGET Business Day means a day on which the TARGET System is operating.

TARGET Business Day means a day on which the Trans-European Automated Real- time Gross settlement Express Transfer system 2 (TARGET) is operating.

TARGET Business Day means any day on which TARGET2 is open for the settlement of payments in euro.

Examples of TARGET Business Day in a sentence

• Business Day a day, that is a TARGET Business Day Geschäftstag ein Tag, bei dem es sich um einen TARGET-Geschäftstag handelt.

• TARGET Business Day any day on which the Trans-European Automated Realtime Gross settlement Express Transfer (TARGET2) System is open for business.

• If any date for payment in respect of the Bonds is not a TARGET Business Day, the Bondholder shall not be entitled to payment until the next following TARGET Business Day, nor to any interest or other sum in respect of such postponed or anticipated payment.

• For the purposes of this paragraph, the expression TARGET Business Day means a day on which the TARGET2 System is open.

• 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.

More Definitions of TARGET Business Day

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.

TARGET Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) System, or any successor thereto, is operating credit or transfer instructions in respect of payments in euro.

TARGET Business Day means a day on which the TARGET System is open for the settlement of payments in euro.

TARGET Business Day means a day (other than a Saturday or Sunday) on which the TARGET System is operating for the settlement of payments in euro.

TARGET Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open.

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.Provided that if the Issuing and Paying Agent determines with the agreement of the Issuer that the market practice in respect of euro denominated internationally offered securities is different from that specified above, the above shall be deemed to be amended so as to comply with such market practice and the Issuing and Paying Agent shall procure that a notice of such amendment is published in accordance with paragraph 8(g) not less than 15 days prior to the date on which any payment in euro falls due to be made in such manner as the Issuing and Paying Agent may determine.4. The payment obligation of the Issuer represented by this Definitive Note constitutes and at all times shall constitute a direct and unsecured obligation of the Issuer ranking at least pari passu with all present and future unsecured and unsubordinated obligations of the Issuer other than obligations mandatorily preferred by law (which include the claims referred to in section 13A of the Banking Act 1959 of Australia and section 86 of the Reserve Bank Act 1959 of Australia).5. This Definitive Note is negotiable and, accordingly, title hereto shall pass by delivery and the bearer shall be treated as being absolutely entitled to receive payment upon due presentation hereof free and clear of any equity, set-off or counterclaim on the part of the Issuer against any previous bearer hereof.6. If this is an interest bearing Definitive Note, then:

TARGET Business Day means a day on which the TARGET2 System is open.