2016 VM Eng
“Valuation Date” means, unless otherwise specified in Paragraph 11, each day from, and including, the date of this Annex, that is a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in at least one Valuation Date Location for Party A and at least one Valuation Date Location for Party B.
11(d)(ii) “Valuation Date” has the meaning specified in Paragraph 10, unless otherwise specified here: ...
For purposes of determining the Valuation Date and clause (iii) of the definition of “Local Business Day” in Paragraph 10, “Valuation Date Location”[1] means, with respect to each party, each city, region or country specified below:
Party A: ...................................................
Party B: ...................................................
“Valuation Time” means, unless otherwise specified in Paragraph 11, the time as of which the Valuation Agent computes its end of day valuations of derivatives transactions in the ordinary course of its business (or such other commercially reasonable convenient time on the relevant day as the Valuation Agent may determine).
11(d)(iii) “Valuation Time” has the meaning specified in Paragraph 10, unless otherwise specified here: