Positive latching mechanism definition

Positive latching mechanism means a latching mechanism that requires the manual release of the latching device. This does not include magnetic or friction- type latches.

Related to Positive latching mechanism

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.