Following Business Day Convention definition

Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;
Following Business Day Convention means that such date shall be postponed to the first following day that is a Business Day;
Following Business Day Convention means that if, with respect to a Payment Date, the respective Payment Date is not a Banking Day, the Security Holders shall not be entitled to payment until the next following Banking Day.

Examples of Following Business Day Convention in a sentence

  • Interest Payment Date(s): [•] in each year, commencing [•], up to and including: [•] [, adjusted in accordance with the Business Day Convention / Modified Following Business Day Convention / Preceding Business Day Convention], specified in sub-paragraph 14(vii)] [, unadjusted].


More Definitions of Following Business Day Convention

Following Business Day Convention means that, if any Payment Date (or other relevant date) would otherwise fall on a day which is not a Business Day, it will be postponed to the following Business Day.
Following Business Day Convention means that, if any date subject to such convention would otherwise fall on a day which is not a Business Day, such date subject to such convention shall be postponed to the next day which is a Business Day; or
Following Business Day Convention means a contractual provision or provision of applicable Laws pursuant to which a scheduled date for payment or performance of an obligation, which date is not a Business Day, is extended to the first following day that is a Business Day.
Following Business Day Convention means that the date is adjusted to the first following day that is a Business Day;
Following Business Day Convention means, for any interest payment date, other than the maturity, if such date would otherwise fall on a day that is not a business day, then such date will be postponed to the next day that is a business day.
Following Business Day Convention has the meaning specified in Condition 5.09 (Definitions);
Following Business Day Convention means that, if any Interest Payment Date would otherwise fall on a day which is not a Business Day, such Interest Payment Date shall be postponed to the next day which is a Business Day; or