Common use of Applicable Time Clause in Contracts

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 9 contracts

Samples: Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc)

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Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 2 contracts

Samples: Credit Agreement (Staples Inc), Credit Agreement (Staples Inc)

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the Issuing Fronting Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined from time to time by the Administrative Agent or Agent, and communicated in writing to the Issuing Bank, as the case may be, Parent Borrower to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 1 contract

Samples: Credit Agreement (CoreSite Realty Corp)

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. Approved Currency. Each of Dollars and the Alternative Currency.

Appears in 1 contract

Samples: Credit Agreement (DuPont Fabros Technology LP)

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Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined from time to time by the Administrative Agent or Agent, and communicated in writing to the Issuing Bank, as the case may be, Parent Borrower to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. Arrangers. Collectively, KeyBanc Capital Markets, Regions Bank and RBC Capital Markets, LLC or any successors thereto.

Appears in 1 contract

Samples: Credit Agreement (CoreSite Realty Corp)

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent Agent, the Fronting Bank or the Issuing BankAlternative Currency Swingline Lender, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 1 contract

Samples: Assignment and Assumption (Boston Properties LTD Partnership)

Applicable Time. With respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the Issuing applicable Fronting Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

Appears in 1 contract

Samples: Credit Agreement (Boston Properties LTD Partnership)

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