Eastern Time definition
Examples of Eastern Time in a sentence
If the last day of such period is a non-Business Day, the period in question shall end at 5:00 PM Eastern Time on the next succeeding Business Day; provided that the foregoing shall not apply to (A) any notices required to be delivered by a specific date under this Agreement or (B) any notices delivered by email in accordance with the terms of this Agreement.
PNC shall, after receipt by it of a Swingline Loan Request pursuant to Section 2.5(b) [Swingline Loan Requests], fund such Swingline Loan to the Borrowers in U.S. Dollars and immediately available funds at the Principal Office prior to 4:00 p.m. Eastern Time on the Borrowing Date.
If the Indemnifying Party objects to any claim made in the Indemnity Claim Notice, then the Indemnifying Party shall provide a written statement of such objection (an “Indemnity Objection Notice”), prior to 11:59 p.m. Eastern Time on the forty-fifth (45th) day after the Indemnifying Party’s receipt of the Indemnity Claim Notice.
Principal, premium, if any, and interest, if any, will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 11:00 a.m. Eastern Time on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest, if any, then due.
Prior to 10:00 a.m. Eastern Time on the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of, and accrued interest, if any, on all Notes to be redeemed or purchased on that date.