TARGET2 Settlement Day definition

TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

TARGET2 Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

TARGET2 Settlement Day means any day on which TARGET2, or any successor to such system, is open;

Examples of TARGET2 Settlement Day in a sentence

• For the purposes of these Conditions, "London Banking Day" means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London and "TARGET2 Settlement Day" has the meaning set out below.

• If the Floating Rate Note Provisions are specified in the relevant Pricing Supplement as being applicable and Page determination is specified in the relevant Pricing Supplement as the manner in which the Rate(s) of Interest is/are to be determined, with effect from the Redenomination Date the Interest Determination Date shall be deemed to be the second TARGET2 Settlement Day before the first day of the relevant Interest Period.

• Business Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in London and Luxembourg and a day on which the Clearing Agent is open for business and a TARGET2 Settlement Day.

• If the Floating Rate Note Provisions are specified in the relevant Final Terms as being applicable and Screen Rate Determination is specified in the relevant Final Terms as the manner in which the Interest Rate(s) is/are to be determined, with effect from the Redenomination Date the Interest Determination Date shall be deemed to be the second TARGET2 Settlement Day before the first day of the relevant Interest Period.

• The financial data set forth in each of the Registration Statement and the Prospectus fairly present, in all material respects, the information set forth therein on a basis consistent with that of the audited financial statements contained in the Registration Statement, and the Prospectus.

More Definitions of TARGET2 Settlement Day

TARGET2 Settlement Day means any day on which the Trans-European Automated Real Time Gross Settlement Express Transfer (TARGET2) system is open.

TARGET2 Settlement Day means any day on which the TARGET2 System is open;

TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor thereto is open.

TARGET2 Settlement Day means any day on which TARGET2 is open for settlement of payments in Euro.

TARGET2 Settlement Day. (Día Target2) means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) payment system is open for the settlement of payments in Euro;

TARGET2 Settlement Day means any day on which the TARGET2 System is open. References herein and/or in the General Conditions to (i) “principal” shall be deemed to include all Redemption Amounts and all other amounts in the nature of principal payable pursuant to provisions of the Securities and (ii) “interest” shall be deemed to include all Interest Amounts and all other amounts in the nature of interest payable pursuant to the provisions of the Securities.

TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open. A “Tax Deduction Event” shall be deemed to occur if, as a result of a Tax Law Change, interest paid by the Issuer on the Securities would no longer, or within 90 days of such change will no longer be, fully deductible (or the entitlement to make such deduction shall be materially reduced or materially delayed) by the Issuer for corporate income tax purposes, and the Issuer cannot avoid the foregoing by taking reasonable measures available to it; provided, however, that a Tax Deduction Event shall not occur if payments of interest by the Issuer in respect of the Securities are not deductible in whole or in part for Italian corporate income tax purposes solely as a result of the application of the general tax deductibility thresholds set forth by Article 96 of Italian Presidential Decree No. 917 of 22 December 1986, as amended, as at (and on the basis of the general tax deductibility limits calculated in the manner applicable as at) the Issue Date.