General Business Day - ISDA Provision

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2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual

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Events of Default: 5(a)(i) Failure to Pay or Deliver5(a)(ii) Breach of Agreement5(a)(iii) Credit Support Default5(a)(iv) Misrepresentation5(a)(v) Default Under Specified Transaction5(a)(vi) Cross Default5(a)(vii) Bankruptcy5(a)(viii) Merger without Assumption
Termination Events: 5(b)(i) Illegality5(b)(ii) Force Majeure Event5(b)(iii) Tax Event5(b)(iv) Tax Event Upon Merger5(b)(v) Credit Event Upon Merger5(b)(vi) Additional Termination Event

Index — Click ᐅ to expand:

Section General Business Day in a Nutshell
Use at your own risk, campers!

General Business Day” means a day on which commercial banks are open for business.
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Full text of Section General Business Day

General Business Day” means a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits).
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Related agreements and comparisons

Related Agreements
Click here for the text of Section General Business Day in the 1992 ISDA
Comparisons
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Content and comparisons

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Summary

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General discussion

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See also

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References

A short definition used to prop up a longer one, being the magical confection Local Business Day about which, if you look into it, you'll quickly think “I’m sorry I asked”.