Cleveland Banking Day definition

Cleveland Banking Day means a day on which the main office of the Agent is open for the transaction of business.
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Cleveland Banking Day means a day on which the main office of Bank is open for the transaction of business.
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Examples of Cleveland Banking Day in a sentence

  • Any such payment received by the Agent after 12:00 noon on a Cleveland Banking Day shall be deemed received on the next succeeding Cleveland Banking Day and interest shall accrue to such next Cleveland Banking Day in respect of any principal of the Loans to be paid by such payment.

  • The Agent shall distribute to each Bank its Pro rata share of the amount of principal, interest and other amounts received by it for the account of such Bank on the same day the Agent receives payment thereof from the Borrower in immediately available funds, unless the Agent does not receive such payment from the Borrower until after 12:00 noon, in which case the Agent shall make payment thereof to the Banks on the next Cleveland Banking Day.

  • The Agent shall distribute to each Bank entitled thereto its Pro rata share of the amount of principal, interest and other amounts received by it for the account of such Bank on the same day the Agent receives payment thereof from the Borrower in immediately available funds, unless the Agent does not receive such payment from the Borrower until after 12:00 noon (Cleveland time), in which case the Agent shall make payment thereof to the Banks entitled thereto on the next Cleveland Banking Day.

  • The unused commitment fee shall be payable on the first Cleveland Banking Day after the first Fiscal Quarterly Date occurring after the Restatement Effective Date and continuing on the first Cleveland Banking Day after each Fiscal Quarterly Date thereafter.

  • Any such payment received by the Agent after 12:00 noon (Cleveland time) on a Cleveland Banking Day shall be deemed received on the next succeeding Cleveland Banking Day and interest shall accrue to such next Cleveland Banking Day in respect of any principal of the Loans to be paid by such payment.

  • Interest on all Loans shall be payable (a) in arrears on the first Cleveland Banking Day of each month, (b) on any prepayment or conversion (on the amount prepaid or converted), (c) at maturity (whether by acceleration or otherwise) and/or, (d) after such maturity, on demand.

  • The unused commitment fee shall be payable on the first Cleveland Banking Day after each Fiscal Quarterly Date commencing May 2, 2005 and continuing on the first Cleveland Banking Day after each Fiscal Quarterly Date thereafter.

  • The unused commitment fee shall be payable on the first Cleveland Banking Day after each Fiscal Quarterly Date commencing on the Restatement Effective Date and continuing on the first Cleveland Banking Day after each Fiscal Quarterly Date thereafter.

  • The Guarantor hereby agrees to contribute to the Borrower as capital, as soon as practicable, but not later than one (1) Cleveland Banking Day following the date of issuance of the 2005 Senior Notes, such amount of the net proceeds of the 2005 Senior Notes as may be necessary to pay in full all outstanding principal of and accrued interest on the Revolving Loans and, if applicable, the prepayment premium under Section 5.05(b) of the Credit Agreement.

  • Borrower shall give the Agent notice of prepayment of any Prime Rate Loans or Swing Loans by not later than 11:00 A.M. Cleveland time on the Cleveland Banking Day such prepayment is to be made and written notice of the prepayment of any LIBOR Loan not later than 1:00 P.M. Cleveland time three London Banking Days before the Cleveland Banking Day on which such prepayment is to be made.

Related to Cleveland Banking Day

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Instrument or, as the case may be, Coupon.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Eurodollar Banking Day means any Banking Day on which dealings in Dollar deposits are conducted by and among banks in the Designated Eurodollar Market.

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • School business day means any calendar day except Saturdays, Sundays, and any federal and school holidays upon which the office of the Superintendent is open to the public for business. A school business day concludes or terminates upon the closure of the Superintendent’s office for the calendar day.

  • Banking Days means day(s) on which banks are open for the transaction of business in London, England, New York, New York and Rotterdam, The Netherlands;

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Working Day means any day other than a Saturday or Sunday or public holiday in England and Wales.

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • General Business Day means a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits).

  • Central Clock Time or "CCT" means Central Daylight Time when Daylight Savings Time is in effect and Central Standard Time when Daylight Savings Time is not in effect.

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • PM means particulate matter.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.