Following Business Day Convention

Following Business Day Convention. The convention for adjusting any relevant date if it would otherwise fall on a day that is not a Business Day and provides that, in such event, such date shall be adjusted to the first following day that is a Business Day, except that if such following day shall be a day in the following month, such date shall be adjusted to the immediately preceding Business Day. A "Business Day" means, in respect of any date that is specified herein to be subject to adjustment in accordance with the Following... Business Day Convention, a day on which commercial banks settle payments in (i) New York or London if the payment obligation is calculated by reference to any LIBOR Rate, or (ii) New York, if the payment obligation is calculated by reference to any other rate View More