Shift Period definition

Shift Period means, for any Observation Period, and where ‘Observation Period Shift’ is specified as the Observation Method in the applicable Final Terms or Pricing Supplement, the number of United States Government Securities Business Days specified as such in the applicable Final Terms or Pricing Supplement;
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Shift Period. This shall be an eight (8) hour period for employees working a five (5) day workweek or a ten (10) hour period for employees working a four (4) workweek.
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Shift Period means, for any Observation Period, and where ‘Observation Period Shift’ is specified as the Observation Method in the applicable Final Terms or Pricing Supplement, the
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Examples of Shift Period in a sentence

  • If, with respect to any Interest Period, the relevant rate is not published for the Compounded Index either on the relevant Start or End date, then the Agent shall calculate the rate of interest for that Interest Period as if Index Determination was specified in the applicable Final Terms as not being applicable and Observation Shift had been specified as the Observation Method in the applicable Final Terms, and where the Observation Shift Period shall be deemed to be the same as the Relevant Number.

  • The Bank hereby agrees to take the actions set forth below following the occurrence of a Shift Event, whether or not a Shift Period remains in effect.

  • The term of such director elected thereby shall terminate, and the total number of directors shall be decreased by one, upon the first meeting of Securityholders after the payment or the declaration and setting aside for payment of full dividends on the Series A Preferred Securities for four consecutive Series A Dividend Periods and if a Shift Period is not then in effect.

  • Off-Prime Shift Period: 5:01PM - 7:59AM Weekdays plus weekends and holidays.


More Definitions of Shift Period

Shift Period. Shift Event", "Ordinary Shares", "Parity Securities" and "Junior Securities" have the meanings defined in the Waiver and Improvement Agreement, as amended;
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Shift Period means any period commencing on the occurrence of any Shift Event and ending upon the date immediately preceding the first date upon which no Shift Event exists.
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Shift Period means the period from the day of occurrence of a Shift Event through but excluding the first day on which none of the elements of a Shift Event is present. In the case of decline in the total risk-based capital ratio or Tier 1 risk-based capital ratio below the applicable requirement, that element of a Shift Event will cease to exist at any time the Bank certifies to the Company pursuant to a Capital Adequacy Certificate, that both capital ratios equal or surpass the applicable requirement. In the case of a Receivership Proceeding, that element of a Shift Event will cease to exist at any time such Receivership Proceeding is terminated (either because the Bank is no longer subject to any procedure under law n(degree) 85-98 of January 25, 1985 (or any similar procedure in the future) other than a plan de continuation or no receiver is any longer appointed in relation to the Bank). In the case of determination by the French Banking Commission, that element will cease to exist if the French Banking Commission provides a further notice to the Bank and to the Company that the relevant Shift Event will not apply in the near term.
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