Local Time definition

Local Time means (a) with respect to a Loan or Borrowing denominated in Dollars, New York City time and (b) with respect to a Loan or Borrowing denominated in any Foreign Currency, London time.

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Local Time means New York City time.

Local Time means (i) New York City time in the case of a Loan, Borrowing or LC Disbursement denominated in Dollars and (ii) local time in the case of a Loan, Borrowing or LC Disbursement denominated in a Foreign Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Administrative Agent).

Examples of Local Time in a sentence

Upon such request, each UK Lender shall make available to the Agent at the Agent’s Office the proceeds of such UK Loan for the account of the UK Swingline Lender by 3 p.m., Local Time, four (4) Business Days following such request.
Unless otherwise specified, all references herein to times of day shall be references to applicable Local Time.
If the Swingline Lender requires a Revolving Loan to be made by the Domestic Lenders and the request therefor is received prior to 12:00 Noon, Local Time, on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m., Local Time, that day; and, if the request therefor is received after 12:00 Noon, Local Time, then such transfers shall be made no later than 3:00 p.m., Local Time, on the next Business Day.
Any such notice, to be effective, must be received by the Agent not later than 11:00 a.m., Local Time, on the third Business Day in the case of Term SOFR Loans, Alternative Currency Term Rate Loans, Alternative Currency Daily Rate Loans and BA EquivalentTerm ▇▇▇▇▇ Loans prior to, and, in the case of Domestic Prime Rate Loans, Canadian Prime Rate Loans, U.S. Index Rate Loans and UK Swingline Loans, by 11:00 a.m. Local Time on the same Business Day of, the date on which such Borrowing is to be made.
Upon receipt of the funds made available by the Lenders to fund any Borrowing hereunder, the Agent shall disburse such funds in the manner specified in the Notice of Borrowing delivered by the Lead Borrower, the Canadian Borrower or the UK Borrower, as applicable, and shall use commercially reasonable efforts to make the funds so DB1/ 126870242.9 79 received from the Lenders available to the Domestic Borrowers, the Canadian Borrower or the UK Borrower, as applicable, no later than 3:00 p.m., Local Time.

More Definitions of Local Time

Local Time means, with respect to any Loan denominated in or any payment to be made in any Currency, the local time in the Principal Financial Center for the Currency in which such Loan is denominated or such payment is to be made.

Local Time means (i) New York City time in the case of a Loan, Borrowing or LC Disbursement denominated in Dollars, (ii) Toronto, Canada time in the case of a Canadian Borrowing and related Loans and (iii) local time in the case of a Loan, Borrowing or LC Disbursement (other than a Canadian Borrowing) denominated in a Foreign Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Administrative Agent).

Local Time means the time in the city in which the Fiscal Agent has its Specified Office;

Local Time means New York City time (daylight or standard, as applicable).

Local Time means New York City time (daylight or standard, as applicable); provided that, with respect to any Alternate Currency Loan, “Local Time” shall mean the local time of the applicable Lending Office.

Local Time means (a) with respect to any Advance denominated or any payment to be made in Dollars, New York City time, and (b) with respect to any Advance denominated or any payment to be made in an Alternate Currency, the local time in the Principal Financial Center for such Alternate Currency.

Local Time means the time zone in Customer’s primary access location identified in the Order Form.