Grace Period Business Day definition

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified (a) if the Obligation Currency is the euro, a day on which the Trans-European Automated Real-Time Gross settlement Express Transfer system which utilises a single shared platform (TARGET2) is open, or (b) otherwise, a day on which commercial banks and foreign exchange markets are generally open to settle payments in the principal financial city in the jurisdiction of the Obligation Currency.

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places, and on the days Specified for that purpose, of the relevant Obligation and if a place or places are not so Specified, in the jurisdiction of the currency of denomination of the relevant Obligation;

Examples of Grace Period Business Day in a sentence

• Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

• References to "Obligation" in the definitions of "Grace Period", "Grace Period Business Day", "Publicly Available Information", "Credit Event", "Obligation Acceleration", "Obligation Default", "Repudiation/Moratorium", "Restructuring", "Default Requirement", "Governmental Authority", "Obligation Currency" and "Payment Requirement" shall be deemed to include a Recourse Obligation that relates to any Obligation that is a Sukuk Obligation (if any).

• References to "Obligation" in § 6(5) above and in the definitions of "Conditions to Settlement", "Credit Event Notice", "Grace Period", "Grace Period Business Day", "Credit Event Resolution Request Date", "Publicly Available Information", "Credit Event", "Obligation Acceleration", "Obli- gation Default", "Repudiation/Moratorium", "Restructuring" and "Obligation Currency" in § 6(10) above shall be deemed to include a Recourse Obligation that relates to any Obligation that is a Sukuk Obligation (if any).

• Given the definition of "Business Day" in the Indenture and the requirement in the Supplemental Indenture that funds be paid in New York, the DC determined that with respect to the Relevant 2016 Legacy Notes, a "Grace Period Business Day" should be read to mean a "New York Business Day" for both 2014 Transactions and Updated 2003 Transactions.

• Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specifiedfor that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

More Definitions of Grace Period Business Day

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation or, if a place or places are not so specified (a) if the Obligation Currency is the euro, a TARGET Business Day, or (b) otherwise, a day on which

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the Reference Security and if a place or places are not so specified, in the jurisdiction of the currency of denomination of the Reference Security.

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the jurisdiction of the Obligation Currency;

Grace Period Business Day means (a) if the currency or currencies in which an Obligation is denominated is the euro, a day on which the Trans-European Automated Real- Time Gross settlement Express Transfer system (TARGET- System) settles payments, or (b) otherwise, a day on which commercial banks and foreign exchange markets are generally open to settle payments in the principal financial city in the jurisdiction of the currency or currencies in which the relevant Obligation is denominated.

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency. Section 1.13. Potential Failure to Pay. “Potential Failure to Pay” means with respect to a Reference Entity in respect of which Potential Failure to Pay is applicable, the determination by the Calculation Agent that Publicly Available Information exists confirming the existence or occurrence of a failure on or before the Credit Observation End Date by a Reference Entity to make, when and where due, any payments in an aggregate amount of not less than the Payment Requirement under one or more Obligations, without regard to any grace period or any conditions precedent to the commencement of any grace period applicable to such Obligations, in accordance with the terms of such Obligations at the time of such failure. Section 1.14. Calculation Agent. N/A Section 1.15. Calculation Agent City. N/A Section 1.16. Valuation Business Day. “Valuation Business Day” means a day on which commercial banks and foreign exchange markets are generally open to settle payments in London, New York and TARGET and in any additional location that is specified as being applicable in the relevant Standard. Section 1.17. Calculation Agent City Business Day. N/A Section 1.18. Affiliate. “Affiliate” means, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity, directly or indirectly, under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person. Section 1.19. Buyer. N/A Section 1.20. Seller. N/A Section 1.21. TARGET Settlement Day. N/A

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the currency or currencies in which the relevant Obligation is denominated.

Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for