Template:Pledge GMSLA 2018 Business Day: Difference between revisions
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Amwelladmin (talk | contribs) Created page with ":'''{{pgmslaprov|Business Day}}''' means: :{{pgmslaprov|2.1(a)}} in relation to {{pgmslaprov|Delivery}} of any {{pgmslaprov|Securities}}, a day other than a Saturday or a Sund..." |
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'''{{pgmslaprov|Business Day}}''' means: | |||
:{{pgmslaprov| | :{{pgmslaprov|(a)}} in relation to {{pgmslaprov|Delivery}} of any {{pgmslaprov|Securities}}, a day other than a Saturday or a Sunday on which banks and {{pgmslaprov|Securities}} markets are open for business generally in the place(s) where the relevant {{pgmslaprov|Securities}} are to be delivered; <br> | ||
:{{pgmslaprov| | :{{pgmslaprov|(b)}} in relation to any payments under this Agreement, a day other than a Saturday or a Sunday on which banks are open for business generally in the principal financial centre of the country of which the currency in which the payment is denominated is the official currency and, if different, in the place where any account designated by the Parties for the making or receipt of the payment is situated (or, in the case of a payment in [[euro]], a day on which [[TARGET]] operates);<br> | ||
:{{pgmslaprov| | :{{pgmslaprov|(c)}} in relation to a notice or other communication served under this Agreement, any day other than a Saturday or a Sunday on which banks are open for business generally in the place designated for {{pgmslaprov|Delivery}} in accordance with paragraph {{pgmslaprov|4}} of the Schedule; and <br> | ||
:{{pgmslaprov| | :{{pgmslaprov|(d)}} in relation to paragraph {{pgmslaprov|5.4}}(a) and in any other case, a day other than a Saturday or a Sunday on which banks are open for business generally in each place stated in paragraph 4 of the Schedule;<br> | ||
Latest revision as of 11:56, 15 January 2021
Business Day means:
- (a) in relation to Delivery of any Securities, a day other than a Saturday or a Sunday on which banks and Securities markets are open for business generally in the place(s) where the relevant Securities are to be delivered;
- (b) in relation to any payments under this Agreement, a day other than a Saturday or a Sunday on which banks are open for business generally in the principal financial centre of the country of which the currency in which the payment is denominated is the official currency and, if different, in the place where any account designated by the Parties for the making or receipt of the payment is situated (or, in the case of a payment in euro, a day on which TARGET operates);
- (c) in relation to a notice or other communication served under this Agreement, any day other than a Saturday or a Sunday on which banks are open for business generally in the place designated for Delivery in accordance with paragraph 4 of the Schedule; and
- (d) in relation to paragraph 5.4(a) and in any other case, a day other than a Saturday or a Sunday on which banks are open for business generally in each place stated in paragraph 4 of the Schedule;