Clearance System Business Days definition

Clearance System Business Days means, in respect of a Clearance System, any day on which such Clearance System is (or, but for the occurrence of an event results in the Clearance System being unable to clear the transfer of a relevant security would have been) open for the acceptance and execution of settlement instructions.
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Clearance System Business Days means any day or days on which any clearance system that is specified in the Confirmation is open for execution and settlement of instructions.
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Clearance System Business Days means, in respect of a Clearance System, any day on which such Clearance System is (or but for a Market Disruption Event, would have been) open for acceptance and execution of settlement instructions.
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Examples of Clearance System Business Days in a sentence

  • Settlement Cycle in respect of a Share, the period of Share Clearance System Business Days following a trade in such Share on the Exchange in which settlement will customarily occur according to the rules of the Exchange.

  • Settlement Cycle in respect of an Index, the period of Component Clearance System Business Days following a trade in the Components on the relevant Exchange in which settlement will customarily occur according to the rules of the Exchange (or, if there is more than one Exchange, the longest such period).

  • The date one Settlement Cycle following each Valuation Date, except that in the case of Physical Settlement, the date two Clearance System Business Days following the relevant Designated Date.

  • If a Settlement Disruption Event prevents settlement on each of the ten relevant Clearance System Business Days immediately following the original date that, but for the Settlement Disruption Event, would have been the Settlement Date, the Shares will be delivered in any other commercially reasonable manner available to the Parties and the Settlement Date will be the date designated as such by the Bank.

  • Settlement Cycle in respect of a Share, the period of Share Clearance System Business Days following a trade in such Share on the Exchange in which settlement will customarily occur according to the rules of the Exchange.Abwicklungszyklus in Bezug auf eine Aktie die nach einer diese Aktie betreffende Transaktion an der Börse anfallende Anzahl von Aktien-Abrechnungssystem- Geschäftstagen, während der die Abwicklung gemäss den Vorschriften der Börse üblicherweise stattfindet.

  • If the Transaction is to be physically settled, the Settlement Date shall be three Clearance System Business Days after the Exercise Date.

  • The parties hereto agree and acknowledge that as of the Trade Date, the Settlement Cycle is three (3) Clearance System Business Days.

  • Settlement Date: For each Transaction, if the Number of Shares to be Delivered for such Transaction is positive, the date that is four Clearance System Business Days following the Termination Date for such Transaction.

  • If a Settlement Disruption Event prevents delivery on that date, the Settlement Date will be the first succeeding day on which delivery of the Shares can take place through the relevant Clearance System, unless a Settlement Disruption Event continues on each of the 8 Clearance System Business Days following the original date.

  • I/ For a Share Option, if on a Delivery Date, a Settlement Disruption Event occurs or is continuing, such date shall be postponed to the first Clearance System Business Day following the end of the Settlement Disruption Event, provided that such Clearance System Business Day occurs within ten Clearance System Business Days following the date that would have been the Delivery Date had Settlement Disruption Event not occurred.


More Definitions of Clearance System Business Days

Clearance System Business Days means any day on which the principal clearing system customarily used for the settlement of trades in the relevant Shares is open for the acceptance and execution of settlement instructions;
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Related to Clearance System Business Days

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.

  • School business day means any calendar day except Saturdays, Sundays, and any federal and school holidays upon which the office of the Superintendent is open to the public for business. A school business day concludes or terminates upon the closure of the Superintendent’s office for the calendar day.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Local Business Day means, subject to the 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 2(a)(i), in the place(s) specified in the relevant 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 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, (c) in relation to any notice or other communication, including notice contemplated under Section 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 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • TARGET Business Day means a day on which the TARGET System is operating.

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Exchange Business Day means any Scheduled Trading Day on which the Exchange and each Related Exchange are open for trading during their respective regular trading sessions, notwithstanding any such Exchange or Related Exchange closing prior to its Scheduled Closing Time.