Clearing System Business Day definition

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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Clearing System Business Day means, in respect of a Clearing System, any day on which such Clearing System is (or, but for the occurrence of a Settlement Disruption Event, would have been) open for the acceptance and execution of settlement instructions.

Clearing System Business Day means a day on which the Relevant Clearing System is open for the purpose of effecting settlement of ETP Securities.

Examples of Clearing System Business Day in a sentence

Each payment will be made to, or to the order of, the person whose name is entered on the Register at the close of business on the Clearing System Business Day immediately prior to the date for payment, where Clearing System Business Day means Monday to Friday inclusive except 25 December and 1 January.
Payments of any amount in respect of the Certificate represented by the Global Certificate will, in the absence of any provision to the contrary, be made to, or to the order of, the person shown on the Register as the registered holder of the Global Certificate at the close of business on the record date which shall be the Clearing System Business Day immediately prior to the due date for payment (where Clearing System Business Day means Monday to Friday inclusive except 25 December and 1 January).
For so long as this Note is a Global Note payment will be made to the Holders of record of this Note at the close of business (in the relevant clearing system) on the Clearing System Business Day immediately before the due date for such payment, such date being the “Regular Record Date” for a Global Note.
Each payment will be made to, or to the order of, the person whose name is entered on the Register at the close of business on the Clearing System Business Day immediately prior to the date for payment, where "Clearing System Business Day" means Monday to Friday inclusive except 25 December and 1 January.
Each payment will be made to, or to the order of, the person whose name is entered on the Register at the close of business on the record date which shall be on the Clearing System Business Day immediately prior to the date for payment, where Clearing System Business Day means Monday to Friday inclusive except 25 December and 1 January.

More Definitions of Clearing System Business Day

Clearing System Business Day means a day on which the Relevant Clearing System is open for the purpose of effecting settlement of ETP Securities. "Clearstream, Luxembourg" means Clearstream Banking, S.A., Luxembourg and any successor thereto.

Clearing System Business Day means a weekday (Monday to Friday, inclusive) except 25 December and 1 January.

Clearing System Business Day means a day on which each clearing system for which this Global Certificate is being held is open for business.

Clearing System Business Day means a day on which Euroclear and Clearstream, Luxembourg are open for business.

Clearing System Business Day means a day on which each clearing system for which the Global Registered Note is being held is open for business.

Clearing System Business Day means, in respect of a Relevant Clearing System, any day on which such Relevant Clearing System is open for the acceptance and execution of settlement instructions.

Clearing System Business Day means a day on which each Clearing System for which any global security is being held is open for business.