TARGET Business Days definition
Examples of TARGET Business Days in a sentence
The Notice of Drawing or of Renewal must have been received by 4 p.m., 4 TARGET Business Days at the latest before the day on which the funds are to be made available.
The Issuer will pay the Additional Cash Redemption Amount not later than 5 TARGET Business Days following the relevant Reference Date or, if later, on the date on which the related Cash Alternative Amount is to be paid, by transfer to a euro account with a bank in a city in which banks have access to the TARGET System in accordance with instructions contained in the relevant Settlement Notice.
For Drawings with a term of between 15 calendar days and one month, the 1-month EURIBOR published 2 TARGET Business Days before the Drawing or Renewal Date shall be retained.
Any Successor Rate, Alternative Rate, Adjustment Spread and the specific terms of any Benchmark Amendments determined under this Condition 4(i) will be notified at least 10 TARGET Business Days prior to the relevant Interest Determination Date by the Issuer to the Agent Bank and the Paying Agent.
The Issuer will pay the Cash Alternative Amount no later than five TARGET Business Days following the end of the relevant Cash Alternative Calculation Period by transfer to a Euro account with a bank in a city in which banks have access to the TARGET2 System in accordance with instructions contained in the relevant Settlement Notice or Conversion Notice, as applicable.
In the case of an exercise of the Settlement Right in respect of any Bond or Bonds, the Issuer will pay the Cash Alternative Amount no later than 5 TARGET Business Days following the end of the relevant Cash Alternative Calculation Period by transfer to a euro account with a bank in the city in which banks have access to the TARGET System in accordance with instructions contained in the relevant Settlement Notice.
Temporary Securities.....................................32 SECTION 2.11.