Index Business Day definition

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.
Index Business Day means a day on which The New York Stock Exchange (the “NYSE”), the Nasdaq National Market and the AMEX are open for trading and the Select Ten Index or any Successor Index (as defined below) is calculated and published. All determinations made by the Calculation Agent shall be at the sole discretion of the Calculation Agent and, absent a determination of a manifest error, shall be conclusive for all purposes and binding on the Company and the Holders and beneficial owners of the Notes.
Index Business Day means a day on which the level of the Index is usually determined and published by the Index Sponsor.

Examples of Index Business Day in a sentence

  • If the Issuer determines, in its sole discretion, that on the Valuation Date a Market Disruption Event (as defined below) has occurred, then that Valuation Date shall be postponed until the first succeeding Index Business Day (as defined below) on which there is no Market Disruption Event, unless there is a Market Disruption Event on each of the five Index Business Days immediately following the original date that, but for the Market Disruption Event, would have been a Valuation Date.

  • The “Calculation Period” means the period from and including the seventh scheduled Index Business Day before the Stated Maturity to and including the second scheduled Index Business Day before the Stated Maturity.

  • If no Calculation Days occur during the Calculation Period, then the Ending Value shall equal the closing level of the Index determined on the last scheduled Index Business Day in the Calculation Period, regardless of the occurrence of a Market Disruption Event (as defined below) on that scheduled Index Business Day.

  • A “Calculation Day” means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred.

  • Mandatory call feature A Mandatory Call Event occurs if the Spot Level is at or below (in respect of a series of bull CBBCs) or at or above (in respect of a series of bear CBBCs) the Call Level at any time during an Index Business Day in the Observation Period.


More Definitions of Index Business Day

Index Business Day means a day on which the TARGET System is operating;
Index Business Day means a day on which the Index Exchange is scheduled to open for trading for its regular trading sessions;
Index Business Day means a day, as determined by the calculation agent, on which the Index or any successor index is calculated and published and on which securities comprising more than 80% of the value of the Index on such day are capable of being traded on their relevant exchanges during the one-half hour before the determination of the closing value of the Index. All determinations made by the calculation agent will be at the sole discretion of the calculation agent and will be conclusive for all purposes and binding on the Company and the beneficial owners of the Notes, absent manifest error.
Index Business Day means any day on which the Primary Exchange and each Related Exchange are scheduled to be open for trading.
Index Business Day means a day on which the Chicago Board of Trade (“CBOT”) is open for business.
Index Business Day means a day on which the Index is scheduled to be published by the Index Compiler or as the case may be, the Successor Index Compiler;
Index Business Day means any day that is (or, but for the occurrence of a Market Disruption Event, would have been) a trading day on each Exchange and each Related Exchange, other than a day on which trading on any such Exchange or Related Exchange is scheduled to close prior to its regular weekday closing time.