London Business Days definition

London Business Days means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in London. The Basis Selection by the Issuer is likely to affect the value of the total amount of the Mortgaged Property charged in favour of the Trustee as security for the benefit of the persons having an interest therein, including the holders of the Existing Notes and the Further Notes. In making the Basis Selection, the Issuer (i) will not be required to take into account the interests of the Noteholders, and (ii) may be required to make such selection acting on the instructions of any Swap Counterparty, Repurchase Counterparty, Credit Support Provider or any other person. No assurance can be given that the Basis Selection by the Issuer will be such as would result in the Mortgaged Property for the Existing Notes and the Further Notes, or the pro rata interest therein of each holder of the Existing Notes and the Further Notes, having the highest value. Further, any Swap Counterparty, Repurchase Counterparty, Credit Support Provider or other person in accordance with whose instructions the Issuer may be required to make such selection, or an affiliate of any of them, may in such capacity or in any other capacity in which it may be acting in respect of the Existing Notes, the Further Notes and/or any arrangements in contemplation thereof or in connection therewith, have an interest in procuring that the Basis Selection will be such as will result in the Mortgaged Property for the Existing Notes and the Further Notes having the lowest value. Following the issue of any Further Notes, each holder of a Note (whether an Existing Note or a Further Note) will have an equal pro rata share in the Mortgaged Property, as increased in the manner determined by the Basis Selection, and the amount of such pro rata share will be affected by the outcome of the Basis Selection. Any such Swap Counterparty, Repurchase Counterparty or Credit Support Provider or other person shall be entitled to instruct the Issuer to make the Basis Selection in such manner as it may deem appropriate, without regard to the interests of the holders of the Existing Notes and/or the Further Notes. The Trustee will not have any responsibility for, or any right to control, the Basis Selection and shall not be liable for any loss suffered by any holder of any Existing Note or Further Note or any other person for any Basis Selection made by the Issuer or for any determination of the amo...

London Business Days means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for business in London.

London Business Days means a day (other than a Saturday or Sunday) on which banks are open for business in London.

Examples of London Business Days in a sentence

• Within 5 London Business Days of receiving a BIE Request Notice the Calculation Agent will, on the Issuer’s behalf, determine (i) whether the BIE Proposed New Assets are BIE Eligible New Assets and, if so (ii) the BIE Transaction Cost applicable upon such substitution or exchange.

• In the event that Party B intends to make only a partial payment (or to fail to make a full payment) of any amount due to Party A, Party B shall provide Party A with at least two London Business Days' notice of such intention.

• Without prejudice to the generality of the above provisions, Party B, or the Cash Manager acting on Party B's behalf, shall notify Party A at least two London Business Days prior to the Final Maturity Date whether or not the Covered Bonds will be redeemed (in whole or in part) on the Final Maturity Date and, if they will not be, whether or not the Covered Bonds will be redeemed (in whole or in part) on or prior to the Extension Determination Date.

• New Certificates will be available for delivery within three New York and London Business Days of receipt of a Transfer Form.

• However, for purposes of this Applicable Pricing Supplement the term “CurrencyBusiness Day” include Johannesburg Business Days, London Business Days and TARGET Settlement Days, where TARGET Settlement Day means any day on which the Trans-European Automated Real-time Gross settlement Express Transfer system is open.20.

• Any such Covered Bond Swap Provider or Interest Rate Swap Provider shall, within 10 London Business Days of receipt of such notice (the Relevant Period), notify in writing the Security Trustee of (a) its consent (such consent not to be unreasonably withheld or delayed) to such proposed modification, waiver or authorisation; or (b) subject to paragraph (a), its refusal to give such consent and reasons for such refusal (such refusal not to be unreasonable in the circumstances).

• The information will be made available in the Interest Payment Date Investor Report on - Following the Consent Solicitation approved Oct'19, the reference rate in respect to the 2017-1 A2 and 2018-1 Class A3 changed from 3M GBP Libor to a Compounded Daily SONIA interest basisClosing Date 16/03/2018 Series 2018-1 Notes *Coupon rate and interest due will not be known until 5 London Business Days prior to the Interest Payment Date on -.

• Any attachment, sequestration, distress or execution affects any asset of Funding and is not discharged within twenty London Business Days.

• The Administrator shall use its reasonable endeavours to credit to the relevant Collection Account all proceeds received from any claim made under each Insurance Policy in relation to any Mortgage Loan by close of business on the London Business Day which immediately follows the day on which such amounts are received or credited by the Administrator (and in any event within three (3) London Business Days of such receipt) and which is applied either in whole or in part in repayment of a Mortgage Loan.

• Any party may change its contact details by giving five London Business Days' notice to the other parties.

More Definitions of London Business Days

London Business Days means any day on which commercial banks and foreign exchange markets settle payment in both London and New York City.

London Business Days means a day on which commercial banks and foreign exchange markets settle payments and are open for general business in London

London Business Days. (meaning a day on which commercial banks are open for business in London, England) preceding a given Reset Date. If such rate does not appear on Telerate Page 3750, the applicable rate for that Reset Date shall be determined by reference to “USD-LIBOR-Reference Banks.” “USD-LIBOR-Reference Banks” means, for purposes of this definition, the rates at which deposits in U.S. dollars are offered by four (4) reference banks selected by Buyer at approximately 11:00 a.m., London time, on the day that is two (2) London Business Days preceding a given Reset Date to prime banks in the London interbank market for a period equal to one (1) month commencing on that Reset Date and in a representative amount. Buyer shall request the principal London office of each of the reference banks to provide a quotation of its LIBOR rate. If at least two such quotations are received, the rate for the Reset Date will be the arithmetic mean of such quotations. If fewer than two quotations are received, the rate for that Reset Date will be the arithmetic mean of the rates quoted by major banks in New York City (selected by Buyer), at approximately 11:00 a.m. New York time on that Reset Date, for loans in U.S. dollars to leading European banks for a period of one (1) month commencing on that Reset Date and in a representative amount.

London Business Days. (meaning a day on which commercial banks are open for business in London, England) preceding a given Reset Date. If such rate does not appear on Telerate Page 3750, the applicable rate for that Reset Date shall be determined by reference to “USD-LIBOR-Reference Banks.” “USD-LIBOR-Reference Banks” means, for purposes of this definition, the rates at which deposits in U.S. dollars are offered by four (4) reference banks selected by Buyer at approximately 11:00 a.m., London time, on the day that is two (2) London Business Days preceding a given Reset Date to prime banks in the London interbank market for a period equal to one (1) month commencing on that Reset Date and in a representative amount. Buyer shall request the principal London office of each of the reference banks to provide a quotation of its LIBOR rate. If at least two such quotations are received, the rate for the Reset Date will be the arithmetic mean of such quotations. If fewer than two quotations are received, the rate for that Reset Date will be the arithmetic mean of the rates quoted by major banks in New York City (selected by Buyer), at approximately 11:00 a.m. New York time on that Reset Date, for loans in U.S. dollars to leading European banks for a period of one (1) month commencing on that Reset Date and in a representative amount. “Margin Deficit Amount” shall mean, when referring to a particular Transaction under the Agreement, the amount, if any, by which (a) the aggregate of (i) the Repurchase Prices for all Purchased Securities governed by the relevant Confirmation and (ii) the Replacement Cost Amounts (defined below) for all such Purchased Securities, exceeds (b) the aggregate of the products of (i) the applicable Buyer’s Margin Ratio and (ii) the Market Value of each such Purchased Security. For purposes

London Business 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 Business Days means any day other than a Saturday, Sunday or any day on which banks in London, England are authorized or required by law to close.