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 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.
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;

Examples of Relevant Banking Day in a sentence

  • Payments of principal shall be made only against presentation and (provided that payment is made in full) surrender of the relevant Registered Note at the Specified Office of the Registrar by transfer to the Designated Account (as defined below) of the Holder (or the first named of joint Holders) appearing in the register of Holders maintained by the Registrar (the “Register”) at the close of business on the third Relevant Banking Day before the relevant due date.


More Definitions of Relevant Banking Day

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 banks are open for business in the place of the Specified Office of the Registrar and the Fiscal Agent.
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 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.
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:
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. 2.08 The issue of new Registered Covered Bonds on transfer will be effected without charge by or on behalf of the Issuer, the Issuing and Paying Agent or the Registrar, but upon payment by the applicant of (or the giving by the applicant of such indemnity as the Issuer, the Issuing and Paying Agent or the Registrar may require in respect of) any tax, duty or other governmental charges which may be imposed in relation thereto. 2.09 In the event of a partial redemption of Covered Bonds under Condition 6, the Issuer shall not be required to register the transfer of any Registered Covered Bond, or part of a Registered Covered Bond called for partial redemption.