Eastern Prevailing Time definition

Eastern Prevailing Time means either Eastern Standard Time or Eastern Daylight Savings Time, as in effect from time to time.

Eastern Prevailing Time or “EPT” means Eastern Standard Time or Eastern Daylight Savings Time, whichever is in effect on any particular date.

Eastern Prevailing Time means the time prevailing on the East Coast of the U.S., taking into account daylight savings time if it is in effect.

Examples of Eastern Prevailing Time in a sentence

• If the day on which such facsimile is received is not a Business Day or is after five p.m. Eastern Prevailing Time on a Business Day, then such facsimile shall be deemed to have been received on the following Business Day.

• If either Party disputes the amount of Credit Support to be provided or returned (such Party the “Disputing Party”), then the Disputing Party shall (a) deliver the undisputed amount of Credit Support to the other Party (such Party, the “Requesting Party”) and (b) notify the Requesting Party of the existence and nature of the dispute no later than 5:00 p.m. Eastern Prevailing Time on the Business Day that the request for Credit Support was made (the “Request Date”).

• For example: “10:00 A.M. (Chicago, Illinois time).” For issuing banks located in the Pacific Time zone: (i) the presentation of documents pursuant to Paragraph 3 may be adjusted to reflect 12:00 P.M. Eastern Prevailing Time; and (ii) the transfer of funds immediately available to the EDCs pursuant to Paragraph 4 may be adjusted to reflect 4:00 P.M. Eastern Prevailing Time.

• The 24-hour products are effective 24 hours a day, seven days a week, while the on peak products are effective during on peak periods defined as the hours ending 0800 through 2300, Eastern Prevailing Time (EPT) Mondays through Fridays, excluding North American Electric Reliability Council (NERC) holidays.

• NOTE: Changes to the location of the issuing bank listed in Paragraph 3 and in Paragraph 4 are acceptable to the EDCs PROVIDED THAT the issuing bank is located in the United States AND all times are adjusted to reflect Eastern Prevailing Time for issuing banks not located in the Pacific Time zone.

More Definitions of Eastern Prevailing Time

Eastern Prevailing Time means Eastern Standard Time or Eastern Daylight Time in effect in New York City, New York, as the case may be.

Eastern Prevailing Time means the prevailing time in the Eastern Time Zone.

Eastern Prevailing Time. “Central Prevailing Time” or “Pacific Prevailing Time”). IF PRESENTATION OF ANY DRAWING IS MADE ON A BUSINESS DAY (AS HEREIN DEFINED) AND SUCH PRESENTATION IS MADE ON OR BEFORE 11:00 A.M. NEW YORK LOS ANGELES, ISSUER SHALL SATISFY SUCH DRAWING REQUEST ON THE NEXT BUSINESS DAY. IF THE DRAWING IS RECEIVED AFTER 11:00 A.M. NEW YORK LOS ANGELES TIME, ISSUER WILL SATISFY SUCH DRAWING REQUEST ON THE SECOND FOLLOWING BUSINESS DAY.

Eastern Prevailing Time or “EPT” means the time in effect in the Eastern Time Zone of the Unites States of America, whether Eastern Standard Time or Eastern Daylight Savings Time.

Eastern Prevailing Time means Eastern Daylight Saving Time when such time is applicable in Cincinnati, Ohio and otherwise means Eastern Standard Time.

Eastern Prevailing Time or “EPT” means Eastern Standard Time or Eastern Daylight Saving Time, whichever is in effect on any particular date.

Eastern Prevailing Time means the then current time in the Eastern time zone of the United States.