Business Day Convention definition

Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

Business Day Convention means a convention for adjusting any date if it would otherwise fall on a day that is not a Business Day and the following Business Day Conventions, where specified in the Final Terms in relation to any date applicable to any Covered Bonds, shall have the following meanings:

Business Day Convention means that if the last day of any Interest Period originally falls on a day that is not a Business Day, the Interest Period will be extended to include the first following Business Day unless that day falls in the next calendar month, in which case the Interest Period will be shortened to the first preceding Business Day (Modified Following).

Examples of Business Day Convention in a sentence

• A "Specified Period", rather than "Specified Interest Payment Dates", will only be relevant if the Business Day Convention is the Floating Rate Convention.

• Each Fixed Rate Interest Payment Date is subject to the Business Day Convention, but with no adjustment to the amount of interest otherwise calculated.

• Specified Period(s)/Specified Interest Payment Dates:[•][, subject to adjustment in accordance with the Business Day Convention set out in (b) below/, not subject to adjustment, as the Business DayConvention in (b) below is specified to be Not Applicable] ("Specified Period" and "Specified Interest Payment Dates" are alternatives.

• Interest Payment Date(s): 3 March of each year, commencing on 3 March 2024 up to and including the Maturity Date, subject to the applicable Business Day Convention (which may be subject to adjustment under “ Adjustments to Interest Payment Date, Early Redemption Date and Maturity Date” as set out in the Appendix).

• Status of the Notes: Senior Status of the Guarantee: Senior Preferred Date Board approval for issuance of Notes and Guarantee respectively obtained:18 January 2023 and 23 November 2022, respectively.Knock-in Event: Not Applicable Knock-out Event: Not Applicable PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE Interest: Applicable Interest Payment Date(s): In each case n=1 to n=10, subject to adjustment in accordance with the Following Business Day Convention.

More Definitions of Business Day Convention

Business Day Convention means the first following day that is a Business Day.

Business Day Convention means that if the last day of any Interest Period originally falls on a day that is not a Business Day, no adjustment will be made to the Interest Period.

Business Day Convention means that if the relevant Payment Date originally falls on a day that is not a Business Day, an adjustment of the Payment Date will be made so that the relevant Payment Date will be the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day (Modified Following Business Day Convention).

Business Day Convention in relation to any particular date, has the meaning given in the relevant Final Terms and, if so specified in the relevant Final Terms, may have different meanings in relation to different dates and, in this context, the following expressions shall have the following meanings:

Business Day Convention has the meaning specified in Condition 5.09 (Definitions);

Business Day Convention means one of the following, as specified in the Issue Terms:

Business Day Convention means a convention for adjusting any date if (i) it would otherwise fall on a day that is not a Business Day or (ii) there is no numerically corresponding day in the calendar month(s) in which such date should occur, and the following Business Day Conventions, where specified in the Final Terms in relation to any date applicable to any Notes, shall have the following meanings: