London Banking Day definition

London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

London Banking Day or “LBD” means any day on which commercial banks are open for general business (including dealing in foreign exchange and foreign currency deposits) in London;

London Banking Day any day on which banks in London are open for general banking business, including dealings in foreign currency and exchange.

Examples of London Banking Day in a sentence

• The Interest Determination Date pertaining to an Interest Reset Date for Notes bearing interest calculated by reference to LIBOR (other than for LIBOR Notes for which the Index Currency is euros) shall be the second London Banking Day prior such Interest Reset Date, except that the Interest Determination Date pertaining to an Interest Reset Date for a LIBOR Note for which the Index Currency is pounds sterling will be such Interest Reset Date.

• As used herein, "London Banking Day" means any day on which dealings in deposits in the Index Currency (as defined herein) are transacted in the London interbank market.

• The dividend rate for each Dividend Period in the Floating Rate Period shall be determined by the Calculation Agent using Three-month LIBOR as in effect on the second London Banking Day prior to the beginning of the Dividend Period, which date shall be the “ Dividend Determination Date” for the relevant Dividend Period.

• The applicable Interest Determination Date is the second London Banking Day preceding the related Interest Reset Date.

• The “Interest Determination Date” will be the second London Banking Day preceding the related Interest Reset Date.

More Definitions of London Banking Day

London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank Eurodollar market.

London Banking Day means a day on which commercial banks are open for business (including dealings in the LIBOR Currency) in London.

London Banking Day means any day on which commercial banks are open for general business (including dealings in deposits in U.S. dollars) in London, England.

London Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London.

London Banking Day means any day other than Saturday or Sunday or a day on which commercial banks are required or authorized by law to be closed in London, England.

London Banking Day means any day on which dealings in deposits in U.S. dollars are transacted in the London interbank market.

London Banking Day. Any Business Day on which dealings in deposits in United States dollars are transacted in the London interbank market.