Examples of Unscheduled Holiday in a sentence
Due to the occurrence of unforeseen events or circumstances leading to the declaration of an Unscheduled Holiday, Clearing Corporation shall notify the Members the procedure for processing of trades; 2.
Valuation Postponement means, in the event that the Spot Rate is not available on or before the first Payment Business Day (or day that would have been a Payment Business Day but for an Unscheduled Holiday) succeeding the day on which the Price Source Disruption occurs, the Spot Rate will be determined by the Issuer in its sole and absolute discretion acting in good faith and in a commercially reasonable manner on such day.
Unscheduled Holiday means that a day is not a Payment Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m. local time in the Offshore CNY Centre two Payment Business Days prior to the Scheduled Valuation Date.
Notwithstanding anything to the contrary, in no event shall the total number of consecutive calendar days during which either (a) the relevant Reference Date is deferred due to the occurrence of an Unscheduled Holiday, or (b) postponement as set forth in Disruption Fallback 1 has occurred or is occurring (or any combination of (a) and (b)) exceed 14 consecutive calendar days in the aggregate.
Notwithstanding anything herein to the contrary, in no event shall the total number of consecutive calendar days during which either (i) valuation is deferred due to an Unscheduled Holiday, or (ii) a Valuation Postponement shall occur (or any combination of (i) and (ii)), exceed 30 consecutive calendar days in the aggregate.