Examples of Conversion Time in a sentence
You agree that any dividend, interest or other distribution that we receive less than 30 minutes before a Conversion Time will be held until the next Conversion Time, which may be the next business day.
For purposes of this section, Conversion Time means 10:30 am Eastern Time, 2:30 pm Eastern Time or 3:30 pm Eastern Time each business day.
To the extent that any Ascertained Non-Financial Contract Liabilities are denominated in a currency other than US dollars, the Company shall convert such Ascertained Non-Financial Contract Liabilities into US dollars using the Spot Rate as of the Relevant FX Conversion Time.
For the purpose of this Clause 17, amounts denominated in a currency other than US dollars shall be converted into US dollars using the Spot Rate at the Relevant FX Conversion Time.
Such notice need not be sent in advance of the occurrence of the Mandatory Conversion Time.