London Banking Days definition

London Banking Days means days on which transactions are carried out in the London Interbank Market.

London Banking Days means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

London Banking Days means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London, England.

Examples of London Banking Days in a sentence

• As used herein, "Determination Date" means the date that is two London Banking Days (i.e., a business day in which dealings in deposits in U.S. dollars are transacted in the London interbank market) preceding the commencement of the relevant Distribution Period.

• For these purposes, a form of transfer received by the Registrar or the Transfer Agent during the period of fifteen London Banking Days or, as the case may be, Relevant Banking Days ending on the due date for any payment on the relevant Registered Notes shall be deemed not to be effectively received by the Registrar or the Transfer Agent until the day following the due date for such payment.

• The total number of STI performance rights to be issued for 30 June 2015 will be 810,572, with 393,429 granted to the Managing Director subject to securityholder approval.

• Floating Rate Option: USD-LIBOR-BBA, provided however, that (i) the term "London Banking Days" shall mean a Banking Day in New York and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period.

• For the purposes of determining the date on which the applicable rate for Eurocurrency Loans, as the case may be, is determined under this Agreement for any Loan denominated in the Euro (or any National Currency Unit) for any Interest Period therefor, references in this Agreement to London Banking Days shall be deemed to be references to Target Operating Days.

More Definitions of London Banking Days

London Banking Days means a Business Day in New York and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period. Notwithstanding the foregoing, if the Spread applicable to the Trust Floating Rate exceeds the Prime Rate on any LIBOR Reset Date, the LIBOR Floating Rate for the related Calculation Period shall be increased by the number of basis points that the Spread so exceeds the Prime Rate as of that date. Representative Amount Not less than USD $1,000,000. Floating Rate Designated Maturity: Three (3) months. LIBOR Floating Rate for the Initial Calculation Period: For the initial Calculation Period only (the period from and including September 28, 2006 to but excluding December 15, 2006), the LIBOR Floating Rate will be determined by the following formula: x + [17/30 * (y – x) ] where: x = Two-Month USD-LIBOR-BBA, and y = Three-Month USD-LIBOR-BBA. LIBOR Floating Rate Day Count Fraction: Actual/360. LIBOR Floating Rate Payment Date: Early Payment applies – three (3) Business Days prior to each LIBOR Floating Rate Period End Date. Settlement: On each LIBOR Floating Rate Payment Date, MLCS will pay to the Trust an amount (to the extent such amount is positive) equal to: LIBOR Floating Rate for the previous LIBOR Floating Rate Reset Date times the Notional Amount in effect for such date times the LIBOR Floating Rate Day Count Fraction.

London Banking Days in section 7.1(w)(xvii) of the Annex to the 2000 ISDA Definitions is replaced with reference to "London/New York Business Days" as that expression is defined in the Note Conditions;

London Banking Days means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London.

London Banking Days means a Business Day in New York City and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period. For the initial Calculation Period, the Floating Rate will be determined by the following formula: x + [ 23 /28 * (y – x) ] where: x = One-Month USD-LIBOR-BBA, and y = Two-Month USD-LIBOR-BBA. Designated Maturity: 3 months. Spread : 0.09% per annum. Floating Rate Day Count Fraction: Actual/360. Reset Dates: First day of each Calculation Period. Initial Exchanges: Class A-5B Notes Initial Exchange Date: Effective Date. Barclays Initial Exchange Amount: USD 511,061,848. Trust Initial Exchange Amount: EUR 399,080,000. Interim Exchanges: Interim Exchange Date: Early Payment applies – three (3) Business Days prior to each Floating Rate Period End Date (falling on or before the Final Exchange Date) upon which the Trust is obliged to make a payment of principal to the Noteholders of the Class A-5B Notes.

London Banking Days means any day on which dealings in US Dollar deposits are conducted by and between banks in the London interbank eurocurrency market.

London Banking Days means a Business Day in New York and London and (ii) if USD-LIBOR Reference Banks is used as a fallback and quotations are not available, the rate will be the rate in effect for the previous Calculation Period. Notwithstanding the foregoing, if the Spread applicable to the Trust Floating Rate exceeds the Prime Rate on any LIBOR Reset Date, the LIBOR Floating Rate for the related Calculation Period shall be increased by the number of basis points that the Spread so exceeds the Prime Rate as of that

London Banking Days means a Business Day in New York and London and if for any LIBOR Reset Date, USD-LIBOR-BBA for the relevant Designated Maturity does not appear on Telerate Page 3750 on the day that is two London Banking Days prior to that LIBOR Reset Date and the Reference Banks selected by the Administrator are not providing quotations as provided in the definition of “USD-LIBOR-Reference Banks”, the Floating Rate for the relevant Calculation Period will be the Floating Rate in effect for the previous Calculation Period. LIBOR Designated Maturity: Three (3) months. LIBOR Spread: 0.1075% per annum, in respect of each Calculation Period ending on or before the Initial Indenture Reset Date and thereafter, 0.75% per annum. LIBOR Floating Rate Payer and Period End Dates: The 25th of each February, May, August and November commencing on August 25, 2006 to and including the Termination Date, subject to adjustment in accordance with the Following Business Day Convention. LIBOR Floating Rate Payer Payment Dates: Early Payment applies - three (3) Business Days prior to each Floating Rate Payer Period End Date. LIBOR Floating Rate Day Count Fraction: Actual/360. LIBOR Reset Dates: First day of each Calculation Period. Interim Exchanges: Interim Exchange Date: Prior to the occurrence of a Failed Remarketing, three (3) Business Days prior to each Quarterly Distribution Date commencing on August 25, 2006. to and including the Quarterly Distribution Date in May 2016. If a Failed Remarketing occurs in respect of the Initial Indenture Reset Date or any subsequent Indenture Reset Date, such Initial Indenture Reset Date or each subsequent Indenture Reset Date, as applicable, subject to adjustment in accordance with the Following Business Day Convention.