Quotation Day Sample Clauses
The 'Quotation Day' clause defines the specific date on which financial rates, prices, or values are determined for the purposes of a contract. Typically, this clause specifies how and when the relevant market data—such as interest rates, exchange rates, or commodity prices—are to be obtained, often referencing a particular business day or a published source. By clearly establishing the timing and method for obtaining these figures, the clause ensures consistency and reduces ambiguity in calculating payments or settlements, thereby minimizing disputes over valuation.
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Quotation Day. Two Additional Business Days before the first day of the relevant Interest Period (unless market practice differs in the relevant syndicated loan market, in which case the Quotation Day will be determined by the Agent in accordance with that market practice (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)).
Quotation Day. Two (2) US Government Securities Business Days before the first day of the relevant Interest Period (unless market practice differs in the Relevant Market, in which case the Quotation Day will be determined by the Agent in accordance with market practice in the Relevant Market (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)).
Quotation Day. In relation to any period for which an interest rate is to be determined for a Term SOFR Rate Loan, two RFR Banking Days before the first day of that period (unless market practice differs in the relevant syndicated loan market, in which case the Quotation Day will be determined by the Agent in accordance with that market practice (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)).
Quotation Day. Two TARGET Days before the first day of the relevant Interest Period (unless market practice differs in the Relevant Market, in which case the Quotation Day will be determined by the Agent in accordance with market practice in the Relevant Market (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)). If the Term Reference Rate is, or is based on, the Central Bank Rate, two TARGET Days before the first day of the relevant Interest Period. Quotation Time: Quotation Day 11:00 a.m.
Quotation Day the definition of Quotation Day shall be added as follows:
Quotation Day the definition of Quotation Day shall be added as follows: