Banking Date definition

Banking Date means, in respect of any city, any date on which commercial banks are open for business in that city.
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Banking Date means, in respect of any city, any date on which commercial banks are open for business in that city. If both the Telerate and Reuters Systems are unavailable, then the rate for that date will be determined on the basis of the offered rates for deposits in U.S. Dollars for a period of time comparable to the Interest Period which are offered by four (4) major banks in the London Interbank Market at approximately 11:00 a.m. London time, on the day that is two (2) London Banking Days preceding the first day of such Interest Period as selected by the Bank. The principal London office of each of the four (4) major London banks will be requested to provide a quotation of its U.S. Dollar deposit offered rate. If at least two (2) such quotations are provided, the rate for that date will be the arithmetic mean of the quotations. If fewer than two (2) quotations are provided as requested, the rate for that day will be determined on the basis of the rates quoted for loans in U.S. Dollars to leading European banks for a period of time comparable to such Interest Period offered by major banks in New York City at approximately 11:00 a.m. New York City time, on the day that is two (2) London Banking Days preceding the first day of such Interest Period. In the event that the Bank is unable to obtain any such quotation as provided above, it will be deemed that the LIBOR cannot be determined, and the Variable Rate shall be substituted for the LIBOR for any such Interest Period.
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Examples of Banking Date in a sentence

  • All payments under this Agreement or the Notes shall be made in Dollars in immediately available funds not later than 1:00 p.m. Boston, Massachusetts time on the relevant dates specified above (each such payment made after such time on such due date to be deemed to have been made on the next succeeding Banking Date) at the Lending Office.

  • In the event that a payment to be made by either party to the other pursuant to this contract is not made by the payment due date, the party which is liable for such payment shall also pay interest on the late payment calculated from the payment due date to the date on which payment is made in full at the 3-month London Interbank Offered Rate as published in the Financial Times on the first Banking Date after the payment due date plus 3% (three percent) per annum.

  • Each Lender may accept any such offer made pursuant to this Section 10.11 in whole or in part by delivering to the Company a written agreement to make such purchase, specifying the amount of the securities to be purchased by such Lender, no later than the Banking Date ten (10) Banking Days following the day of receipt by such Lender of notice from the Company under Section 10.11.2 above.

  • Such commitment fee shall accrue daily and be due and payable monthly, in arrears, on the first Banking Date of each calendar month.

  • Jett Title: Vice President - Commercial Banking Date: ------------------------------------------- EXHIBIT A BORROWING BASE (COVENANT) COMPLIANCE CERTIFICATE (For the month/quarter/year ending ) Pursuant to the Loan Agreement dated February 1, 2001, as amended by that First Amendment to Loan Agreement dated to be effective July 1, 2001, and that Second Amendment to Loan Agreement dated to be effective February 1, 2003 (the "Loan Agreement") between U.S. Global Investors, Inc.

  • Very truly yours, By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Managing Director, Investment Banking Date: ______________________________________ By: /s/ ▇▇▇▇▇▇▇ ▇.

  • By: /s/ K▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: K▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Joint Global Head of Healthcare Investment Banking [Date] Jefferies LLC 5▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ New York, New York 10022 Attn: [__________] Reference is made to the Open Market Sale Agreement between BioXcel Therapeutics, Inc.

  • Very truly yours, By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Executive Managing Director, Investment Banking Date: January 5, 2017 ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇▇, General Counsel Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ Accepted and Agreed to on January 5, 2017, with an effective date of January 3, 2017 By: /s/ ▇▇▇▇ ▇.

  • If any date on which principal or interest is due is not a Business Day (or, in the event a SWAP Agreement is entered into, a Banking Date), then such payment shall be due and payable on the next Business Day (or, in the case of a SWAP Agreement, on the next Banking Date) and, in the case of principal, interest shall continue to accrue on the amount thereof.

  • Subject to the terms and conditions hereof, the Bank agrees to make two Advances to the Borrower on any Banking Date during the period from the Effective Date until July 31, 2011, in an amount not to exceed, in the aggregate, sixteen million United States Dollars (US$16,000,000)(the "Loan").