Relevant Banking Day definition

Relevant Banking Day means a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Covered Bond for a Registered Covered Bond, where such request for exchange is made to the Issuing and Paying Agent, in the place where the specified office of the Issuing and Paying Agent is located;
Relevant Banking Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments generally in the place of presentation of the relevant Note or, as the case may be, Coupon or, in connection with the transfer of Registered Notes only, the place of the Specified Office of the Registrar;
Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar and the specified office of the Transfer Agent is located.

Examples of Relevant Banking Day in a sentence

Payment of amounts due (other than in respect of final redemption) in respect of the Notes will be made by cheque and posted to the address (as recorded in the register held by the Registrar) of the holders of the Note Certificates on the Relevant Banking Day not later than the relevant date for payment unless, prior to the relevant Record Date, the holder thereof has applied to the Registrar and the Registrar has acknowledged such application for payment to be made to a designated account in U.S. Dollars.

For these purposes, a form of transfer received by a Transfer Agent after the Record Date (as defined in Condition 8.02) in respect of any payment due in respect of a Note but before the due date for such payment shall be deemed not to be effectively received by the Transfer Agent until the Relevant Banking Day following the due date for such payment.


More Definitions of Relevant Banking Day

Relevant Banking Day means, with respect to any Registered Note, a day other than a Saturday or Sunday, on which banks are open for business in the place of the Specified Office of the Registrar and the Fiscal Agent.
Relevant Banking Day has the meaning given to it in Condition 2.07 (Transfer of Registered Covered Bonds);
Relevant Banking Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments generally in the place of the Specified Office of the relevant Registrar;
Relevant Banking Day means a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments generally in the place of presentation of the relevant Note or, as the case may be, Coupon;
Relevant Banking Day means, with respect to any Note Definitive Certificate or Registered Note, a day other than a Saturday or Sunday, on which banks are open for business in the place of the Specified Office of (i) in the case of Note Definitive Certificates, the Definitive Note Registrar and the Principal Paying Agent, and (ii) in the case of Registered Notes, the Registered Note Registrar and the Fiscal Agent.
Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of
Relevant Banking Day means a day, other than a Saturday or Sunday: 3.5.1 on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located; and 3.5.2 the “transfer date” shall be the Relevant Banking Day following the day on which the relevant Note shall have been surrendered for transfer in accordance with Condition 3.1 above or, as the case may be, expiry of the 10 Business Daysnotice period for exchange referred to in Condition 3.2 above. 3.6 No holder may require the transfer of, or exchange of interests in, a Note to be registered during the period of 15 days ending on the due date for the payment of any principal or interest in respect of such Note. 4 STATUS The Notes constitute direct, unconditional and unsecured obligations of the Issuer and shall at all times rank pari passu and without any preference among themselves. The payment obligations of the Issuer under the Notes shall at all times rank at least equally with all other unsecured and unsubordinated obligations of the Issuer other than such obligations as may be preferred by law. 5 INTEREST 5.1 Interest on Fixed Rate Notes If no Fixed Coupon Amount or Broken Amount is specified in the applicable Final Terms, the following provisions shall apply with respect to a Fixed Rate Note: 5.1.1 Accrual of interest: Each Note will bear interest from (and including) the Interest Commencement Date (which unless otherwise specified in the applicable Final Terms will be the day after the end of the Offer Period) at the rate (expressed as a percentage) equal to the Rate of Interest. Interest is payable in arrear on each Interest Payment Date(s) and/or on the Maturity Date. 5.1.2 Calculation of interest: Interest will be payable in respect of each Fixed Interest Period. In these Conditions, “Fixed Interest Period” means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date or Maturity Date (if no Interest Payment Dates are specified in the applicable Final Terms). Unless Day Count Fraction is specified as “Not Applicable” in the Final Terms, interest shall be calculated in respect of any period by applying the Rate of Interest to: