TARGET2 Settlement Day definition

TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

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TARGET2 Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

TARGET2 Settlement Day means any day on which the TARGET2 System is open.

Examples of TARGET2 Settlement Day in a sentence

• If the Floating Rate Note Provisions are specified in the relevant Final Terms as being applicable and Screen Rate Determination is specified in the relevant Final Terms as the manner in which the Rate(s) of Interest is/are to be determined, with effect from the Redenomination Date the Interest Determination date shall be deemed to be the second TARGET2 Settlement Day before the first day of the relevant Interest Period.

• The offered rates must begin on the second London Business Day immediately after such Interest Determination Date (or if pounds sterling is the Index Currency, commencing on such Interest Determination Date or, if euro is the Index Currency, beginning on the second TARGET2 Settlement Day immediately after such date).

• In this Condition, Business Day means, in relation to any place, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in that place and TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system is open.

More Definitions of TARGET2 Settlement Day

TARGET2 Settlement Day means any day on which TARGET2, or any successor to such system, is open;

TARGET2 Settlement Day means any day on which the Trans-European Automated Real Time Gross Settlement Express Transfer (TARGET2) system is open.

TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor thereto is open.

TARGET2 Settlement Day means any day on which TARGET2 is open for settlement of payments in Euro.

TARGET2 Settlement Day. (Día Target2) means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) payment system is open for the settlement of payments in Euro;

TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open. A “Tax Deduction Event” shall be deemed to occur if, as a result of a Tax Law Change, interest paid by the Issuer on the Securities would no longer, or within 90 days of such change will no longer be, fully deductible (or the entitlement to make such deduction shall be materially reduced or materially delayed) by the Issuer for corporate income tax purposes, and the Issuer cannot avoid the foregoing by taking reasonable measures available to it; provided, however, that a Tax Deduction Event shall not occur if payments of interest by the Issuer in respect of the Securities are not deductible in whole or in part for Italian corporate income tax purposes solely as a result of the application of the general tax deductibility thresholds set forth by Article 96 of Italian Presidential Decree No. 917 of 22 December 1986, as amended, as at (and on the basis of the general tax deductibility limits calculated in the manner applicable as at) the Issue Date.

TARGET2 Settlement Day means any day on which the TARGET System is open; and