Examples of Range Accrual Day in a sentence
In respect of Reference Item (k=1) and a Range Accrual Day (other than a Range Accrual Stub Day) which is not a Business Day for such Reference Item (k=1), the Coupon Barrier Value for such Reference Item (k=1) on such day shall be the Coupon Barrier Value for such Reference Item (k=1) on the immediately preceding Business Day.
In respect of Reference Item (k=1) and the relevant Range Period, the Coupon Barrier Value in respect of such Reference Item (k=1) for each Range Accrual Day after the relevant Rate Cut-Off Date to (and excluding) the Range Period End Date (each a “Range Accrual Stub Day”) will be deemed to be the Coupon Barrier Value as of such Rate Cut-off Date.
In respect of each Reference Item (k) and a Range Accrual Day which is a Disrupted Day for such Reference Item (k), the Coupon Barrier Value for such Reference Item (k) on such day shall be the Coupon Barrier Value for such Reference Item (k) on the immediately preceding Scheduled Trading Day that was not a Disrupted Day.