Exchange Day definition
Examples of Exchange Day in a sentence
If (i) the Valuation Date is not an Exchange Day or (ii) in the event of effective exercise by the Security Holder, the Exercise Notice is not received by the Exercise Agent until after the Reference Price has been determined by the Reference Agent on the Valuation Date, then the Valuation Date shall be postponed to the next following Exchange Day.
Exchange Day A day on which trading in the Underlying takes place on the Reference Agent.
If the Borrower does not consent to such adjustment(s) the Borrower shall prepay to the Lenders the Loans in full prior to the relevant Exchange Day on which such adjustment(s) are to take effect.
Council Rock will continue with the Exchange Day through support staff in service provided on Election Day in November.
For the avoidance of doubt, the failure of the Calculation Agent to give such notice within such timeframe shall not affect the rights of the Calculation Agent to make such adjustment but (1) any such notice must be provided within [* * *] days of such Share Price Decline Event and (2) no such adjustment shall take effect prior to the [* * *] relevant Exchange Day following the Calculation Agent’s delivery of such notice.