LIBOR Business Day definition

LIBOR Business Day. Any day on which banks in London, England and The City of New York are open and conducting transactions in foreign currency and exchange.

LIBOR Business Day. Any day other than (i) a Saturday or a Sunday or (ii) a day on which banking institutions in the State of New York or in the city of London, England are required or authorized by law to be closed.

LIBOR Business Day has the meaning specified in Schedule A.

Examples of LIBOR Business Day in a sentence

• If the date of maturity of the Series 2004C Bonds falls on a day that is not a LIBOR Business Day (as defined below), the related payment of principal and interest will be made on the next LIBOR Business Day as if it were made on the date that payment was due, and no interest will accrue on the amounts so payable for the period from and after that date to the next LIBOR Business Day.

• If any interest reset date or interest payment date (other than at the date of maturity) would otherwise be a day that is not a LIBOR Business Day, that interest reset date and interest payment date will be postponed to the next date that is a LIBOR Business Day, except that if that LIBOR Business Day is in the next calendar month, that interest reset date and interest payment date (other than at the date of maturity) will be the immediately preceding LIBOR Business Day.

More Definitions of LIBOR Business Day

LIBOR Business Day means a Business Day on which banks in the City of London are generally open for interbank or foreign exchange transactions.

LIBOR Business Day if applicable, shall mean a day other than a Saturday or a Sunday on which banking institutions in both the City of London, England and in New York, New York are not required or authorized by law to be closed.

LIBOR Business Day means any day that is not a Saturday, Sunday or other day on which commercial banking institutions in New York, New York or Wilmington, Delaware are authorized or obligated by law or executive order to be closed. If such rate is superseded on Telerate Page 3750 by a corrected rate before 12:00 noon (London time) on the same LIBOR Determination Date, the corrected rate as so substituted will be the applicable LIBOR for that LIBOR Determination Date.

LIBOR Business Day means a day on which banks are open for dealing in foreign currency and exchange in London and New York City.

LIBOR Business Day. Any day other than (i) a Saturday or Sunday or (ii) a day on which banking institutions in London, England are required or authorized to by law to be closed.

LIBOR Business Day has the meaning set forth in Section 2.10(b)(1).

LIBOR Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London.