Payment Time means the time when a Stock Retainer is payable to a Participant pursuant to Paragraph 5 hereof (without regard to the effect of any Deferral Election).
Measurement Time means 12:01 a.m. Eastern Time on the Closing Date.
flight time means, for aeroplanes and touring motor gliders, the time between an aircraft first moving from its parking place for the purpose of taking off until it comes to rest on the designated parking position and all engines or propellers are shut down;
night time means any period of not less than seven hours, as defined by national law, and which must include, in any case, the period between midnight and 5.00.
Settlement Time means any time within two Business Days immediately following the Creation Order Date or the Redemption Order Date, as applicable.