Domestic Business Day definition

Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

Domestic Business Day any day other than a Saturday, Sunday or a day which in New York City is a legal holiday or a day on which banking institutions are authorized or required by law or other governmental action to close.

Domestic Business Day means any day except a Saturday, Sunday or other day on which national banks in Chicago, Illinois or Dallas, Texas, are authorized by Law to close.

Examples of Domestic Business Day in a sentence

• Whenever any payment of principal of, or interest on, Loans or of fees shall be due on a day which is not a Domestic Business Day, the date for payment thereof shall be extended to the next succeeding Domestic Business Day and interest shall accrue during such extension.

• The failure of the Borrower to make any such payment by such time shall not constitute a default hereunder; provided that such payment is made on such due date, but any such payment made after 3:00 P.M. on such due date shall be deemed to have been made on the next Domestic Business Day for the purpose of calculating interest on amounts outstanding on the Loans.

• Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Domestic Business Day after the Administrative Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders.

• Whenever any payment of principal of, or interest on, the Base Rate Loans or of fees shall be due on a day which is not a Domestic Business Day, the date for payment thereof shall be extended to the next succeeding Domestic Business Day.

• Subject to the second paragraph of Section 11.2(b), all notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt; provided that any such notice or communication that is not received on a Domestic Business Day during the normal business hours of the recipient shall be deemed received at the opening of business on the next Domestic Business Day.

More Definitions of Domestic Business Day

Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in Georgia are authorized by law to close.

Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in North Carolina are authorized or required by law to close.

Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in Georgia are authorized by law to close (including, without limitation, any day which is a federal banking holiday in the United States of America).

Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City or, with respect to any Letter of Credit issued or to be issued in the State of North Carolina, in the State of North Carolina are authorized by law to close.

Domestic Business Day means any day (other than a Saturday or Sunday) on which (a) commercial banks are open for the purpose of transacting business in Boston, Massachusetts and New York, New York and (b) the New York Stock Exchange is open.

Domestic Business Day means any day except a Saturday, Sunday, or other day on which commercial banks in New York City are required or authorized by law to close.

Domestic Business Day any day (other than a Saturday, Sunday or legal holiday in the State of New York) on which banks are open for business in New York City.