Template:ISDA Master Agreement 1992 Local Business Day: Difference between revisions

“'''{{isdaprov|Local Business Day}}'''” means, subject to the {{isdaprov|Schedule}}, a day on which commercial banks are open for <br>business (including dealings in foreign exchange and foreign currency deposits) (a) in relation to any <br>obligation under Section {{isdaprov|2(a)(i)}}, in the place(s) specified in the relevant {{isdaprov|Confirmation}} or, if not so specified, <br>as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated <br>by reference, in this {{isdaprov|Agreement}}, (b) in relation to any other payment, in the place where the relevant account <br>is located and, if different, in the principal financial centre, if any, of the currency of such payment, (c) in <br>

relation to any notice or other communication, including notice contemplated under Section {{isdaprov|5(a)(i)}}, in the <br>

city specified in the address for notice provided by the recipient and, in the case of a notice contemplated <br>

by Section {{isdaprov|2(b)}}, in the place where the relevant new account is to be located and (d) in relation to <br>

Section {{isdaprov|5(a)(v)(2)}}, in the relevant locations for performance with respect to such {{isdaprov|Specified Transaction}}. <br>