Common use of Payment Day Clause in Contracts

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, “Payment Day” means any day which (subject to Condition 8) is: (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (A) in the case of Notes in definitive form only, the relevant place of presentation; (B) each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (C) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (ii) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or Auckland, respectively) or (2) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 3 contracts

Sources: Euro Medium Term Note Programme, Euro Medium Term Note Programme, Euro Medium Term Note Programme

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) 9 (Prescription)) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:): (Ai) in the case of Notes in definitive form only, in the relevant place of presentation;; and (Bii) in each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (iic) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 2 contracts

Sources: Agency Agreement, Supplemental Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (Ai) in the case of Notes in definitive form only, the relevant place of presentation; (Bii) each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (iic) either (1A) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2B) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 2 contracts

Sources: Agency Agreement, Agency Agreement

Payment Day. If the date for payment of any amount in respect of any VPS Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) ▇▇▇▇! ▇▇▇▇ ikke referansekilden.) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (Ai) in the case of Notes in definitive form only, the relevant place of presentationLondon; (Bii) each Additional Financial Centre (other than T2the TARGET2 System) specified in the applicable Final Terms; (Cb) if T2 TARGET2 System is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 TARGET2 System is open; and (iic) either (1A) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2B) in relation to any sum payable in euro, a day on which the T2 TARGET2 System is open.

Appears in 2 contracts

Sources: VPS Trustee Agreement, Bond Trustee Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (Ai) in the case of Notes in definitive form only, in the relevant place of presentation;; and (Bii) in each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and, and‌ (iic) either (1A) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2B) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 2 contracts

Sources: Agency Agreement, Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) 8 (Prescription)) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:): (Ai) in the case of Notes in definitive form only, the relevant place of presentation; (Bii) in each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (iic) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2) in relation to any sum payable in euro, a day on which the T2 System is open.

Appears in 2 contracts

Sources: Agency Agreement, Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) 7) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (Ai) in the case of Notes in definitive form only, the relevant place of presentation; (Bii) each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Ciii) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (iib) either (1A) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2B) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 1 contract

Sources: Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which is (subject to Condition 8) is:0) (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (A) in the case of Notes in definitive form only, the relevant place of presentation; (B) each any Additional Financial Centre (other than T2) specified in the applicable Final Terms; (C) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (ii) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which which, if the Specified Currency is Australian dollars or New Zealand dollars dollars, shall be Sydney or Auckland, and Auckland respectively) or (2) in relation to any sum payable in euro, a day on which the T2 is open.or

Appears in 1 contract

Sources: Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:): (Ai) in the case of Notes in definitive form only, in the relevant place of presentation;; and (Bii) in each Additional Financial Centre (other than T2) specified in the applicable Final TermsPricing Supplement; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final TermsPricing Supplement, a day on which the T2 is open; and (iic) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 1 contract

Sources: Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) 7) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:): (Ai) in the case of Notes in definitive form only, in the relevant place of presentation;; and (Bii) in each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (iic) either (1A) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2B) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 1 contract

Sources: Agency Agreement

Payment Day. If Unless specified otherwise in the applicable Final Terms, if the due date for payment of any amount in respect of any Note Note, Receipt or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, unless otherwise specified in the applicable Final Terms, “Payment Day” means any day which (subject to Condition 8) isis both: (i) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in: (A) in the case of Notes in definitive form only, the relevant place of presentation; (B) each Additional Financial London; and (C) any additional Applicable Business Centre (other than T2) specified in the applicable Final Terms; (C) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (ii) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (if other than the place of presentation, London and any Applicable Business Centre and which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or Auckland, respectively) or (2) in relation to any sum payable in euro, a day on which the T2 TARGET2 System is open.

Appears in 1 contract

Sources: Agency Agreement (Toyota Motor Credit Corp)

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, Payment Day” Day means any day which (subject to Condition 8) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:): (Ai) in the case of Notes in definitive form only, in the relevant place of presentation;; and (Bii) in each Additional Financial Centre (other than T2) specified in the applicable Final Terms; (Cb) if T2 is specified as an Additional Financial Centre in the applicable Final Terms, a day on which the T2 is open; and (iic) either (1A) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2B) in relation to any sum payable in euro, a day on which the T2 is open.

Appears in 1 contract

Sources: Agency Agreement

Payment Day. If the date for payment of any amount in respect of any Note or Coupon is not a Payment Day, the holder thereof shall not be entitled to payment until the next following Payment Day in the relevant place and shall not be entitled to further interest or other payment in respect of such delay. For these purposes, “Payment Day” means any day which (subject to Condition 8) 9) is: (ia) a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in:): (Ai) in the case of Notes in definitive form only, in the relevant place of presentation;; and (Bii) in each Additional Financial Centre (other than T2T2 System) specified in the applicable Final TermsPricing Supplement; (Cb) if T2 System is specified as an Additional Financial Centre in the applicable Final TermsPricing Supplement, a day on which the T2 System is open; and (iic) either (1) in relation to any sum payable in a Specified Currency other than euro, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial centre of the country of the relevant Specified Currency (which if the Specified Currency is Australian dollars or New Zealand dollars shall be Sydney or and Auckland, respectively) or (2) in relation to any sum payable in euro, a day on which the T2 System is open.

Appears in 1 contract

Sources: Agency Agreement (Autoliv Inc)