Toronto Banking Day definition

Toronto Banking Day means a day on which Schedule I banks under the Bank Act (Canada) are open for business in the city of Toronto, Canada, other than a Saturday or a Sunday or a public holiday in Toronto (or such revised regular publication calendar for CORRA or an Applicable Fallback Rate as may be adopted by the administrator of CORRA from time to time).
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Toronto Banking Day means a day on which Schedule I banks under the Bank Act (Canada) are open for business in the city of Toronto, Canada.
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Toronto Banking Day means a day which is a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency) in Toronto.
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Examples of Toronto Banking Day in a sentence

  • If: there is no CAD Recommended Rate before the end of the first [Toronto Banking Day] following the CORRA Cessation Effective Date; or there is a CAD Recommended Rate and a CAD Recommended Rate Cessation Effective Date subsequently occurs, then the rate for a CORRA fixing date occurring on or after the CORRA Cessation Effective Date or a CAD Recommended Rate Fixing Date occurring on or after the CAD Recommended Rate Cessation Effective Date (as applicable) will be the BOC Target Rate.

  • Toronto Banking Day: Each day, excluding Saturday and Sunday, that Schedule I banks underthe Bank Act (Canada) are open for business in Toronto, Ontario, Canada Interest Payment Dates: Payable on the 31st day of each January, July and October, and the 30thday of April, of each year in which the Notes are outstanding, commencing April 30, 2022 and ending on the Maturity Date, subject to modified following business day convention; adjusted.


More Definitions of Toronto Banking Day

Toronto Banking Day means any day on which dealings in Canadian Dollar deposits are conducted by and between banks in the Toronto interbank market.
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Toronto Banking Day means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation or executive order to close in Toronto, Ontario, Canada.
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Related to Toronto Banking Day

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Instrument or, as the case may be, Coupon.

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Banking office means a main office or authorized branch of a bank, out-of-state bank, national bank, association, or savings bank.