TARGET Settlement Day definition

TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

TARGET Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open.

TARGET Settlement Day means a day on which the TARGET2 System is operating.

Examples of TARGET Settlement Day in a sentence

• The applicable Payment Business Day shall be any day which is a TARGET Settlement Day and a day on which dealings in foreign currencies may be carried on in each (if any) Additional Financial Centre.

• Notwithstanding the definition of "Business Day" in Condition 1(a) (Definitions), while all the Notes are represented by this Temporary Global Note (or by this Temporary Global Note and/or a Permanent Global Note) and this Temporary Global Note is (or this Temporary Global Note and/or the Permanent Global Note are) deposited with a common safekeeper for Euroclear and/or Clearstream, Luxembourg, "Business Day" means any day which is a TARGET Settlement Day.

• Notwithstanding the definition of "Business Day" in Condition 1(a) (Definitions), while all the Notes are represented by this Global Note (or by this Global Note and a temporary global note) and this Global Note is (or this Global Note and a temporary global note are) deposited with a common safekeeper for Euroclear and Clearstream, Luxembourg, "Business Day" means any day which is a TARGET Settlement Day.

• London and TARGET Settlement Day, provided that for the purposes of determining (a) the Physical Settlement Date (or any other day on which Delivery is made or to be made) and (b) the Valuation Date (or any other day on which a valuation is made or to be made), Business Days shall be as specified in the Applicable Convention Terms.

• A Note or Coupon may only be presented for payment on a day which is a business day in the place of presentation and, in the case of payment by credit or transfer to a Euro account as described above, is a TARGET Settlement Day.

More Definitions of TARGET Settlement Day

TARGET Settlement Day means any day on which the TARGET System is open.

TARGET Settlement Day means any day on which the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET2) System (“TARGET”), which was launched on 19 November 2007, or any successor thereto is open for the settlement of payments in euro;

TARGET Settlement Day means any day on which the TARGET System is open for the settlement of payments in euro; and

TARGET Settlement Day means any Business Day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open.

TARGET Settlement Day means any day on which the TARGET2 system is open;

TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euros; and

TARGET Settlement Day means a day on which the TARGET 2 System is operating.