Examples of TARGET2 System in a sentence
Payments of principal, interest (including, for the avoidance of doubt, any Additional Interest Amounts) and other amounts in respect of the Notes will be made in U.S. Dollars, by credit or transfer to an account denominated in U.S. Dollars (or any other account to which U.S. Dollars maybe credited or transferred) specified by the payee in a country within the TARGET2 System.
Business Day means a day on (other than a Saturday and a Sunday) on which credit institutions are open for general business in Luxembourg and Düsseldorf and on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is operating.
TARGET Settlement Day: Any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open for the settlement of payments in Euro.