TARGET2 Day definition

TARGET2 Day means a day that TARGET2 is open for the settlement of payments in euro.

TARGET2 Day means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) System (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

TARGET2 Day means a day that TARGET2 is open for the settlement of payments in Euro.

Examples of TARGET2 Day in a sentence

• Index Calculation Day means a day (other than a Saturday and a Sunday) on which credit institutions are open for general business in Germany, and which is also a TARGET2 Day (an Index Calculation Day).

• For periods during which EONIA is not published, the rate applicable instead of EONIA shall be the arithmetic mean between the two key rates fixed by the European Central Bank (marginal lending facility and deposit facility).If the Credit Agreement stipulates that interest is to be determined on the basis of EUROSTR (€STR), €STR shall mean the interest rate published on the website of the European Central Bank (or any successor to such page) for any TARGET2 Day.

• Business Day Business Day means any day on which the Trans-EuropeanAutomated Real-time Gross settlement Express Transfer system ("TARGET2") is open for business (a "TARGET2 Day") or, if such day is not a day on which banks are open for business in London and Luxembourg, the next succeeding TARGET2 Day on which banks are open for business in London and Luxembourg.

• DEFINITIONS Business Day means a day (other than a Saturday and a Sunday) on which credit institutions are open for general business in Austria and which is also a TARGET2 Day.

More Definitions of TARGET2 Day

TARGET2 Day. ’ means any day on which the TARGET2 System is open.

TARGET2 Day means any day on which TARGET2, the real time gross settlement system owned and operated by the eurosystem, is open for the settlement of payments in euro.

TARGET2 Day means any day on which the Trans‑European Automated Real‑time Gross Settlement Express Transfer (TARGET2) System (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

TARGET2 Day means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) System (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. “Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings imposed by any Governmental Authority, and any and all interest, additions to tax or penalties applicable thereto. “TCA” means the Taxes Consolidation Act 1997 of Ireland. “Term SOFR” means, (a) for any calculation with respect to a Term SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) RFR Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding RFR Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator

TARGET2 Day means a day that the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.

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

TARGET2 Day means a day on which the TARGET2 System is operating and open for the settlement of payments in euro.