Banking Day definition

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

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Banking Day means a day on which commercial banks in London are open for general business (including dealings in foreign exchange and foreign currency deposits).

Banking Day means, in respect of any city, a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in that city.

Examples of Banking Day in a sentence

Notices for ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Advances shall be given not later than the third Banking Day before the Advance Date.
No Interest Period may end on a date that is not a Banking Day, after the RCF Maturity Date or the TL Maturity Date, as applicable, or after a date on which a Credit Facility is required to be reduced if that would adversely affect the Borrower’s ability to make the reduction.
Rate Advance shall be given not later than the first Banking Day before the Advance Date or date of payment.
The Standby Fee shall be calculated daily beginning on the date hereof and shall be payable quarterly in arrears on the first Banking Day following each Fiscal Quarter.
New York Banking Day: Any day other than (a) a Saturday, (b) a Sunday, (c) a day on which banking institutions in the City of New York are required or permitted by law or executive order to close, or (d) a day on which the FRBNY is closed.

More Definitions of Banking Day

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Real Time Gross Settlement System operated by the Eurosystem (T2) (or any successor system thereto) are open for business.

Banking Day means, in respect of any city, any date on which commercial banks are open for business in that city.

Banking Day means a day other than a Saturday or a Sunday or a public holiday listed throughout Australia.

Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System is open for business and commercial banks and foreign exchange markets settle payments in the Banking Day Financial Centre.

Banking Day means a day on which dealings in deposits in Dollars are carried on in the London Interbank Eurocurrency Market and (other than Saturday or Sunday) on which banks are open for business in London, Piraeus and New York City (or any other relevant place of payment under clause 6);

Banking Day means any day other than a Saturday, Sunday or other day on which banks are or are authorized to be closed in New York, New York and, where such term is used in any respect relating to a LIBOR Loan, which is also a day on which dealings in Dollar deposits are carried out in the London interbank market.

Banking Day means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions.