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

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“'''{{isdaprov|Local Business Day}}'''” means, subject to the {{isdaprov|Schedule}}, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits):
“'''{{isda92prov|Local Business Day}}'''” means, subject to the {{isda92prov|Schedule}}, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits):
:(a) in relation to any obligation under Section {{isdaprov|2(a)(i)}}, in the place(s) specified in the relevant {{isdaprov|Confirmation}} or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this {{isdaprov|Agreement}},  
:(a) in relation to any obligation under Section {{isda92prov|2(a)(i)}}, in the place(s) specified in the relevant {{isda92prov|Confirmation}} or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this {{isda92prov|Agreement}},  
:(b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment,  
:(b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment,  
:(c) in relation to any notice or other communication, including notice contemplated under Section {{isdaprov|5(a)(i)}}, in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated  by Section {{isdaprov|2(b)}}, in the place where the relevant new account is to be located and  
:(c) in relation to any notice or other communication, including notice contemplated under Section {{isda92prov|5(a)(i)}}, in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated  by Section {{isda92prov|2(b)}}, in the place where the relevant new account is to be located and  
:(d) in relation to  Section {{isdaprov|5(a)(v)(2)}}, in the relevant locations for performance with respect to such {{isdaprov|Specified Transaction}}. <br>
:(d) in relation to  Section {{isda92prov|5(a)(v)(2)}}, in the relevant locations for performance with respect to such {{isda92prov|Specified Transaction}}. <br>