Modified Following Business Day Convention. The Modified Following Business Day Convention shall mean the convention for adjusting any relevant date if it would otherwise fall on a day that is not a Business Day. The following terms, when used in conjunction with the term, "Modified Following Business Day Convention," and a date, shall mean that an adjustment will be made if that date would otherwise fall on a day that is not a Business Day so that the date will be the first following day that is a Business Day.
Appears in 3 contracts
Sources: Mortgage Modification and Consolidation Agreement (Decora Industries Inc), Mortgage (Decora Industries Inc), Mortgage (Decora Industries Inc)