{"component": "clause", "props": {"groups": [{"size": 123, "snippet_links": [{"key": "the-distribution-agreement", "type": "clause", "offset": [16, 42]}, {"key": "the-applicable", "type": "clause", "offset": [44, 58]}, {"key": "central-standard-time", "type": "definition", "offset": [82, 103]}, {"key": "on-march", "type": "clause", "offset": [104, 112]}], "snippet": "For purposes of the Distribution Agreement, the Applicable Time shall be 10:00 am Central Standard Time on March 30, 2007.", "samples": [{"hash": "jdd5uOpSCQU", "uri": "/contracts/jdd5uOpSCQU#applicable-time", "label": "Omnibus Instrument (Principal Life Insurance Co)", "score": 17.0, "published": true}, {"hash": "iImBhbQKxnI", "uri": "/contracts/iImBhbQKxnI#applicable-time", "label": "Omnibus Instrument (Principal Life Insurance Co)", "score": 17.0, "published": true}, {"hash": "a52W9zyvF46", "uri": "/contracts/a52W9zyvF46#applicable-time", "label": "Omnibus Instrument (Principal Life Insurance Co)", "score": 17.0, 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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.", "samples": [{"hash": "eDpzWqFknHP", "uri": "/contracts/eDpzWqFknHP#applicable-time", "label": "Credit Agreement (Barnes Group Inc)", "score": 33.2655715942, "published": true}, {"hash": "aM11NR9G3r5", "uri": "/contracts/aM11NR9G3r5#applicable-time", "label": "Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)", "score": 30.1156749725, "published": true}, {"hash": "auf4vKZBALZ", "uri": "/contracts/auf4vKZBALZ#applicable-time", "label": "Credit Agreement (Barnes Group Inc)", "score": 24.8329906464, "published": true}], "hash": "2735a3eb7e83dd68dc53cdd25af49d6b", "id": 6}, {"size": 14, "snippet_links": [{"key": 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42]}, {"key": "the-applicable", "type": "clause", "offset": [44, 58]}], "snippet": "For purposes of the Distribution Agreement, the Applicable Time shall be 3:10 pm EST, March 16, 2006.", "samples": [{"hash": "aHT7x7AfXEm", "uri": "/contracts/aHT7x7AfXEm#applicable-time", "label": "Pricing Instrument (Genworth Life & Annuity Insurance Co)", "score": 17.0, "published": true}], "hash": "2fb716aa537ed3201ad65c576cf64842", "id": 9}, {"size": 6, "snippet_links": [{"key": "the-distribution-agreement", "type": "clause", "offset": [16, 42]}, {"key": "the-applicable", "type": "clause", "offset": [44, 58]}], "snippet": "For purposes of the Distribution Agreement, the Applicable Time shall be 3:04 pm EST, July 14, 2008.", "samples": [{"hash": "9XjyISFEsUx", "uri": "/contracts/9XjyISFEsUx#applicable-time", "label": "Pricing Instrument (Genworth Life & Annuity Insurance Co)", "score": 17.0, "published": true}, {"hash": "6dl3FcHdq9d", "uri": "/contracts/6dl3FcHdq9d#applicable-time", "label": 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Information and Offering Memorandum", "Preliminary Offering Memorandum, Time of Sale Information and Offering Memorandum"], ["preliminary-prospectus", "Preliminary Prospectus", "Preliminary Prospectus"], ["delivery-of-registration-statement-time-of-sale-prospectus-and-prospectus", "Delivery of Registration Statement, Time of Sale Prospectus and Prospectus", "Delivery of Registration Statement, Time of Sale Prospectus and Prospectus"], ["rule-424-prospectus", "Rule 424 Prospectus", "Rule 424 Prospectus"]], "related_snippets": [], "updated": "2026-10-25T04:23:21+00:00", "also_ask": ["What are the strategic advantages of narrowing or broadening the 'Applicable Time' definition?", "Which drafting elements are essential to avoid ambiguity in 'Applicable Time'?", "What are the most common pitfalls or fatal flaws in 'Applicable Time' clauses?", "How does the interpretation of 'Applicable Time' differ across key jurisdictions?", "What factors do courts consider when determining the enforceability of an 'Applicable Time' provision?"], "drafting_tip": "Specify the exact timeframes, clarify time zone references, and define commencement and expiry points to prevent disputes and ensure precise enforceability.", "explanation": "The \"Applicable Time\" clause defines the specific period during which certain terms, obligations, or rights outlined in the agreement are in effect. This clause typically specifies start and end dates, or references triggering events that mark when the relevant provisions become active or expire. For example, it may state that a party\u2019s obligations begin upon contract execution and continue for a set number of years, or until a particular milestone is reached. Its core function is to provide clarity and certainty regarding the temporal scope of contractual responsibilities, thereby preventing disputes over when obligations or rights are enforceable."}, "json": true, "cursor": ""}}