Next Trading Day Clause Samples

The "Next Trading Day" clause defines how contractual obligations or deadlines are adjusted when a scheduled date falls on a day when financial markets are closed. In practice, if a payment, delivery, or other action is due on a non-trading day, the clause stipulates that the obligation will be deferred to the next day when the relevant market is open for business. This ensures that parties are not required to perform actions on days when market infrastructure is unavailable, thereby maintaining fairness and operational feasibility in financial transactions.
Next Trading Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Trading Day, such payment shall be made on the next succeeding Trading Day.
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Related to Next Trading Day

  • Trading Day For purposes of this Warrant, the term "trading day" means any day on which the principal United States securities exchange or trading market where the Common Stock is then listed is open for trading.

  • Boxing Day If another Federal, Provincial or Municipal holiday should be proclaimed during the term of this Agreement, such additional proclaimed holiday will replace one of the above-named holidays as agreed by the parties. The intent is that there will be no more than twelve (12) paid holidays per calendar year for the duration of this agreement.

  • Business Day For purposes of these By-Laws, “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in the State of New York are authorized or obligated by law or executive order to close.

  • Next Business Day Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.

  • Shares Listed on Trading Market The Shares shall have been listed and admitted and authorized for trading on the Trading Market, and satisfactory evidence of such actions shall have been provided to the Manager.