Transfer system definition
Examples of Transfer system in a sentence
The Trans-European Automated Real-Time Gross Settlement Express Transfer system.
Any day on which TARGET (the Trans-European Automated Real-time Gross settlement Express Transfer system) is open.
At such time, the Collateral Manager shall also direct each of the other parties to the Transaction Documents, to the extent that any amounts may be payable thereunder to the Borrower, to make all deposits of such amounts directly into the Lockbox Account (which may be made through the Funds Transfer system).
For purposes of the notes, “Business Day” means any day, other than a Saturday or Sunday, (1) which is not a day on which banking institutions in The City of New York or London are authorized or required by law, regulation or executive order to close and (2) on which the Trans-European Automated Real-Time Gross Settlement Express Transfer system (the TARGET2 system), or any successor thereto, is open.
A TARGET Banking Day shall be any day on which TARGET (the Trans-European Automated Real-time Gross settlement Express Transfer system) is open.