TARGET Business Day definition

TARGET Business Day means a day on which the TARGET System is operating.
TARGET Business Day means a day on which the Trans-European Automated Real- time Gross settlement Express Transfer system 2 (TARGET) is operating.
TARGET Business Day means a day on which the TARGET2 System or any successor thereto is operating, where "TARGET2 System" means the Trans-European Automated Real- Time Gross Settlement Express Transfer (TARGET2) System.

Examples of TARGET Business Day in a sentence

  • In these Conditions, "Business Day" means any day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in the place in which the specified office of the Registrar is located and which is a TARGET Business Day.


More Definitions of TARGET Business Day

TARGET Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open.
TARGET Business Day means a day on which the TARGET System is open for the settlement of payments in euro.
TARGET Business Day means any day on which TARGET2 is open for the settlement of payments in Euro.
TARGET Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) System, which utilises a single shared platform and which was launched on 19 November 2007, or any successor thereto, is operating credit or transfer instructions in respect of payments in euro.Provided that if the Issue and Paying Agent determines with the agreement of the Issuer that the market practice in respect of euro denominated internationally offered securities is different from that specified above, the above shall be deemed to be amended so as to comply with such market practice and the Issue and Paying Agent shall procure that a notice of such amendment is published in accordance with paragraph 8(g) not less than 15 days prior to the date on which any payment in euro falls due to be made in such manner as the Issue and Paying Agent may determine. 4. The payment obligation of the Issuer represented by this Note constitutes and at all times shall constitute a direct and unsecured obligation of the Issuer ranking at least pari passu with all present and future unsecured and unsubordinated obligations of the Issuer other than obligations mandatorily preferred by law applying to companies generally. 5. This Note is negotiable (overdraagbaar) and, accordingly, title hereto shall pass by delivery (levering) and the bearer shall be treated as being absolutely entitled to receive payment upon due presentation hereof free (notwithstanding any notation of ownership or other writing thereon or notice of any previous loss or theft thereof) and clear of any equity, set-off or counterclaim on the part of the Issuer against any previous bearer hereof. 6. If this is an interest bearing Note, then:
TARGET Business Day means a day on which the Trans-European Automated Real-time Gross settlement Express (TARGET) system is open;
TARGET Business Day means a day (other than a Saturday or Sunday) on which the TARGET System is operating for the settlement of payments in euro.
TARGET Business Day means a day on which the TARGET2 System is open.