Determination Time Clause Samples
Determination Time. Each such interest rate shall be determined by the applicable Remarketing Agent not later than 10:00 a.m., New York City time, on the commencement date of the Daily Rate Period to which it relates.
Determination Time. Each such interest rate shall be determined by the Calculation Agent not later than 4:00 p.m., New York City time, on each Business Day.
Determination Time. Each such interest rate shall be determined by the applicable Remarketing Agent not later than 10:00 a.m., New York City time, on the commencement date of the Weekly Rate Period to which it relates or, if such date is not a Business Day, on the succeeding Business Day; provided, however, that in the case of a Weekly Rate established pursuant to Section 2.03(h)(v), such determination shall be made not later than 4:00 p.m., New York City time, on the Business Day immediately preceding the commencement of the applicable Weekly Rate Period.