DETERMINATION OF PAYMENT AMOUNT. On or before the Determination Date, the Counterparty shall contact JPMSI between 9:00 a.m. and 3:00 p.m. (Eastern time), and the Counterparty and JPMSI shall at such time agree on a time on such date (the "Lock Time") for determining the Payment Amount. JPMSI shall then determine the Payment Amount as of the Lock Time, and shall notify the Counterparty thereof by close of business on such date. If the Counterparty has not notified JPMSI by 3:00 p.m. (Eastern time) on the Determination Date in order to set a Lock Time, the Lock Time shall be 3:00 p.m. (Eastern time) on the Determination Date. All determinations hereunder shall be made by JPMSI in good faith and in accordance with its standard practices in the Determination Date and as of the Lock Time.
Appears in 4 contracts
Samples: Forward Treasury Lock Agreement (Gables Realty Limited Partnership), Forward Treasury Lock Agreement (Gables Realty Limited Partnership), Forward Treasury Lock Agreement (Gables Residential Trust)
