U-Day definition

U-Day means Utilisation Date The timetable for any proposed Utilisation by way of Letter of Credit shall be determined on a case-by-case basis. LIBOR or EURIBOR is fixed Quotation Day as of 11:00 a.m. London time in respect of LIBOR and as of 11:00 am (Brussels time) in respect of EURIBOR Quotation Day as of 11:00 a.m. Quotation Day as of 11:00 a.m. To: [Beneficiary] Dear Sirs, [Details of Letter of Credit] 1 The banks listed in paragraph 3 below (the “Lenders”) understand that:
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Related to U-Day

  • kg/day means kilograms per day.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • A day means a day 24 hours from midnight to the next midnight irrespective of the numbers of hours worked in that day.

  • Business Day means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed.

  • FX Business Day is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency.