TARGET2 definition

TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.
TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in euro.
TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 or any successor thereto;

Examples of TARGET2 in a sentence

  • The Issuer, failing which, the Guarantors shall make the necessary arrangements to give instructions prior to each date on which any payment in respect of the Notes becomes due, in order to transfer by TARGET2 System prior to noon (Luxembourg time) on each date on which any payment in respect of the Notes becomes due to the Fiscal Agent such amount as may be required for the purposes of such payment.


More Definitions of TARGET2

TARGET2 the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.
TARGET2 means the Trans European Automated Real Time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on 19 November 2007 or any successor thereto;
TARGET2 means the entirety resulting from all TARGET2 component systems of the CBs,
TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in Euros.
TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system or any successor thereto;
TARGET2 means the Trans-European Automated Realtime Gross Settlement Express Transfer System 2 which utilises a single shared platform and which was launched on 19 November 2007.
TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer System.