Examples of Local Business Day in a sentence
Section 5(a)(i) does not apply to Party B in the case of a failure to pay or deliver caused by the assets then available to Party B being insufficient to make the related payment or delivery in full on the relevant payment or delivery date or the first Local Business Day or Local Delivery Day, as the case may be, after notice of such failure is given to Party B.
The following event shall constitute an Additional Termination Event in respect of the party which has failed to make the relevant payment or delivery and such party shall be the sole Affected Party: Failure by the party to make, when due, any payment or delivery under the Credit Support Annex required to be made by it if such failure is not remedied on or before the third Local Business Day after notice of such failure is given to the party.