Definizione di Payment Business Day
Payment Business Day election: Following Payment Business Day
Payment Business Day election in accordance with Condition 6(g) of the Terms and Conditions of the English Law Notes and the Uncertificated Notes or other special provisions relating to Payment Business Days: Following Payment Business Day
Payment Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET) and the Clearing System settle payments in EUR.
Examples of Payment Business Day in a sentence
If a payment is to be made on a day that is not a Payment Business Day, it shall take place on the next following Payment Business Day.
The Issuer shall pay the Extraordinary Termination Amount to the Certificateholders not later than on the tenth Payment Business Day following the Extraordinary Termination Date.
The Extraordinary Termination Notice shall designate a Payment Business Day as per which the extraordinary termination shall become effective (the "Extraordinary Termination Date") in accordance with the following provisions.
Following Payment Business Day - Financial Centre(s): New York and London 30.
Modified Following Payment Business Day - Financial Centre(s): London and New York 30.
More Definitions of Payment Business Day
Payment Business Day a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Frankfurt am Main and the Trans- European Automated Real-Time Gross Settlement Express Transfer System (TARGET) and the Clearing System settle payments in Euro.