Local Time. The Applicable Agent will make such Swingline Loan available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to the account of the applicable Borrower with the Applicable Agent (or, in the case of a Swingline Borrowing made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the applicable Issuing Bank); provided that, in the case of a Swingline Shekel Loan, the Swingline Shekel Lender will make such Swingline Loan available to the applicable Israeli Borrower by promptly crediting the amounts so received, in like funds, to the account of the applicable Israeli Borrower with the Swingline Shekel Lender. The Administrative Agent shall determine the procedures to be followed by the Swingline Lenders to ensure that the Dollar Equivalent of the aggregate principal amount of the Swingline Loans does not exceed the amount permitted by Section 2.04(a) at the time any Swingline Loan is made and to ensure that the amount of Advances made does not exceed the amounts permitted by Section 2.01(a), and each Swingline Lender and the other parties hereto agrees to abide by such procedures. Without limiting such procedures, for purposes of determining the amount of any Borrowing that is permitted to be made under Section 2.01(a) or 2.04(a), the Administrative Agent may at any time assume that the Dollar Equivalent of the aggregate amount of Swingline Shekel Loans is equal to $15,000,000 unless the request for such Borrowing delivered to the Administrative Agent specifies the Dollar Equivalent of the aggregate amount of Swingline Shekel Loans on the day of such request and on the day such Borrowing is to be made, and the Administrative Agent shall be entitled to rely thereon in determining the permissible amount of such Borrowing. If the Swingline Loans at any time exceed any of the amounts permitted by Section 2.01(a) or 2.04(a), the relevant Borrower or Borrowers shall promptly prepay the relevant Swingline Loans by the amount of such excess.
Local Time. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent to the applicable account designated to the Borrower by the Administrative Agent, except payments to be made directly to the applicable Issuing Bank as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.05 shall be made directly to the persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other person to the appropriate recipient promptly following receipt thereof. Except as otherwise expressly provided herein, if any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments made under the Loan Documents shall be made in Dollars (or, in the case of Alternate Currency Loans or Alternate Currency Letters of Credit, in the applicable Alternate Currency). Any payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment.
Local Time. Any payment received after the time set forth in the immediately preceding sentence shall be deemed to have been made on the next succeeding Business Day for all purposes. Each payment to the Administrative Agent of the L/C Fees shall be made in like manner, but for the account of the Issuing Lenders and the relevant Lenders.
Local Time. All references to the time of day in this Agreement shall refer to the time of day in the State of Hawaii (Hawaii Standard Time - HST).
Local Time. For calls placed after 1:00 p.m. Local Time, Cisco will deliver the Advance Replacement the morning of the next business day.
Local Time. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower as specified in the applicable Borrowing Request; provided, that ABR Revolving Loans made to finance the reimbursement of a L/C Disbursement and reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.
Local Time. The definition of “Local Time” is hereby amended by deleting the word “Milan” and substituting therefor “Brussels”.
Local Time. 3 With the consent of each Lender participating in such Borrowing, the Interest Period may be nine or twelve months. 4 Such account is to comply with the requirements of Section 2.08. 5 Applicable in the case of any ABR Revolving Borrowing requested to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e). Very truly yours, Yum! Brands, Inc., by Name: Title: [SUBSIDIARY BORROWER], by Name: Title: EXHIBIT F [FORM OF] COMPETITIVE BID REQUEST JPMorgan Chase Bank, N.A., as administrative agent under the Credit Agreement referred to below, c/o Loan and Agency Services Group 0000 Xxxxxx, 00xx Xxxxx Xxxxxxx, XX 00000 Attention: Xxxx XxXxxxx (Telecopy No. (000) 000-0000) JPMorgan Chase Bank, N.A., as administrative agent under the Credit Agreement referred to below, 000 Xxxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Malwina Siedlinska (Telecopy No. (000) 000-0000) [DATE] Re: Competitive Bid Request Ladies and Gentlemen: Reference is made to the Credit Agreement dated as of [•], 2012 (as amended, supplemented or otherwise modified time to time, the “Credit Agreement”), among Yum! Brands, Inc. (the “Company”), the Subsidiaries from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders. Each capitalized term used but not defined herein shall have the meaning assigned to it in the Credit Agreement. [NAME OF BORROWER] hereby gives you notice pursuant to Section 2.04 of the Credit Agreement that it requests Competitive Bids under the Credit Agreement, and in that connection sets forth below the terms on which such Borrowing is requested to be made:
Local Time. In consideration of the terms and conditions under which this Agreement is written, it is hereby understood and agreed that the following language regarding Insolvency be added to this Excess Workers' Compensation Insurance Agreement:
Local Time. In consideration of the terms and conditions under which this Agreement is written, it is hereby understood and agreed that the following language regarding Cancellation be added to this Excess Workers' Compensation Insurance Agreement:
