Good Business Day Sample Clauses

Good Business Day. ‌ A good business day is defined as any day on which banks in the state of New South Wales (NSW) are generally open for business, or a day other than one on which banks in NSW are obliged or permitted to close, excluding Saturday and Sunday. Essentially, NSW business days are weekdays (Monday to Friday) other than NSW public holidays as gazetted under the NSW State Government’s Banks and Bank Holidays Act 1912. Australian OTC markets however generally tend to operate in a reduced capacity on gazetted NSW public holidays that are not similarly gazetted in Victoria, and on weekdays when banks in NSW are obliged or permitted to close.
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Good Business Day. Any Business Day when banks in Philadelphia, Pennsylvania, New York, New York and London, England are open for business.
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Good Business Day. ‌ A good business day is defined as any day on which banks in New Zealand are generally open for business. Essentially, New Zealand business days are weekdays (Monday to Friday) other than New Zealand public holidays as gazetted.
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Good Business Day. Any Business Day when banks in Philadelphia, Pennsylvania, New York, New York and London, England are open for business. Inventory - As defined in the UCC. IRS - Section 6.7. Issuing Bank - Section 2.2(a). Letters of Credit - Section 2.2(a). L/C Fees - Section 2.6(c). L/C Reserve - Section 2.2(d). L/C Sublimit - $1,000,000. Liabilities - All liabilities of every kind as would be shown on a balance sheet of Borrower prepared in accordance with GAAP. LIBOR Based Rate - The LIBOR Rate plus the Applicable LIBOR Rate Margin. LIBOR Interest Period - Section 2.5(b)(ii).
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Good Business Day. Any Business Day when banks in Philadelphia, ----------------- Pennsylvania, New York, New York and London, England are open for business. Intellectual Property Security Agreement - That certain Intellectual ---------------------------------------- Property Security Agreement, dated the date hereof, pursuant to which Borrowers grant to Agent, for the benefit of Lenders and as collateral security for the Obligations, a Lien on the Borrowers' intellectual property. Inventory - As defined in the UCC. --------- Investment Property - As defined by the UCC. ------------------- IPO - An initial public offering of the capital stock of TWI made --- substantially in accordance with the terms and conditions of the Prospectus and in compliance with all laws and regulations, including, without limitation, the Securities Act of 1933, as amended from time to time, and the Securities Exchange Act of 1934, as amended from time to time, pursuant to which (i) TWI receives a minimum of $144,000,000 of gross proceeds and $22,000,000 of cash after completion of the acquisition of the Acquired Operating Companies and the other transactions contemplated by the Prospectus and accounting for all expenses and fees relating to such public offering, and (ii) TWI's capital stock is listed for trading on a national securities exchange (including, without limitation, the NASDAQ exchange). IRS - Section 6.7. --- Letters of Credit - Section 2.3(a). ----------------- Liabilities - All liabilities of every kind as would be shown on a ----------- balance sheet of Borrower prepared in accordance with GAAP. L/C Fees - Section 2.6(c). -------- L/C Sublimit - $3,000,000. ------------ LIBOR Based Rate - The LIBOR Rate plus the Applicable LIBOR Rate ---------------- Margin. LIBOR Based Rate Loan - That portion of the Loans on which interest --------------------- accrues at the LIBOR Based Rate. LIBOR Interest Period - Section 2.4(b)(ii). --------------------- LIBOR Rate - An annual rate of interest determined by Agent as being ---------- the rate available to Agent at approximately 11:00 a.m. London time in the London Interbank Market, as referenced by Reuters Screen "LIBO", in accordance with the usual practice in such market, for the LIBOR Interest Period elected by Borrower, in effect two Good Business Days prior to the funding date for a requested LIBOR Based Rate Loan (including those requested in connection with the conversion of a Base Rate Loan to a LIBOR Based Rate Loan in accordance with ...
Sample 1
Good Business Day. Any Business Day when banks in New York, New York and London, England are open for business. Hazardous Substance - Section 5.15(d). Indebtedness - Of any applicable Person at any date, without duplication, (i) all indebtedness of such Person for borrowed money (including, with respect to Borrower, the
Sample 1
Good Business Day. Any Business Day when banks in Philadelphia, ----------------- Pennsylvania, New York, New York and London, England are open for business. Xxxxxx Division - The business and assets of the Xxxxxx Division of TWI. --------------- Inventory - As defined in the UCC. --------- Investment Property - As defined in the UCC. ------------------- IRS - Section 6.7. --- Letters of Credit - Section 2.2(a). ----------------- L/C Fees - Section 2.6(c). -------- L/C Reserve - Section 2.2. ----------- L/C Sublimit - $1,500,000. ------------ Liabilities - All liabilities of every kind as would be shown on a ----------- balance sheet of Borrower prepared in accordance with GAAP. LIBOR Based Rate - The LIBOR Rate plus the Applicable LIBOR Rate Margin. ---------------- LIBOR Based Rate Loan - That portion of the Loans on which interest --------------------- accrues at the LIBOR Based Rate. LIBOR Interest Period - Section 2.5(b)(ii). --------------------- LIBOR Rate - An annual rate of interest determined by Lender as being the ---------- rate available to Lender at approximately 11:00 a.m. London time in the London Interbank Market, as referenced by Reuters Screen "LIBOR", in accordance with the usual practice in such market, for the LIBOR Interest Period elected by Borrower, in effect two Good Business Days prior to the funding date for a requested LIBOR Based Rate Loan (including those requested in connection with the conversion of a Base Rate Loan to a LIBOR Based Rate Loan in accordance with Section 2.5 hereof), or for a LIBOR Based Rate Loan which Borrower has elected to continue as a LIBOR Based Rate Loan beyond the expiration of the then current LIBOR Interest Period with respect thereto, for deposits of dollars in amounts equal (as nearly as may be estimated) to the amount of the LIBOR Based Rate Loan which shall then be loaned by the Lender to Borrower as of the time of such determination, as such rate may be adjusted by the reserve percentage applicable during the LIBOR Interest Period in effect (or if more than one such percentage shall be applicable, the daily average of such percentages for those days in such LIBOR Interest Period during which any such percentage shall be so applicable) under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including without limitation, any emergency, supplemental or other marginal reserve requirement) for Lender with re...
Sample 1
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Related to Good Business Day

  • Non-Business Day If any payment of principal or interest on any Loan or of any other Obligation shall fall due on a day which is not a Business Day, interest or fees (as applicable) at the rate, if any, such Loan or other Obligation bears for the period prior to maturity shall continue to accrue on such Obligation from the stated due date thereof to and including the next succeeding Business Day, on which the same shall be payable.

  • Next Business Day Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.

  • Business Day For purposes of these By-Laws, “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in the State of New York are authorized or obligated by law or executive order to close.

  • Local Business Day The definition of Local Business Day in Section 14 is hereby amended by the addition of the words “or any Credit Support Document” after “Section 2(a)(i)” and the addition of the words “or Credit Support Document” after “Confirmation”.

  • Day not a Business Day If any day on or before which any action or notice is required to be taken or given hereunder is not a Business Day, then such action or notice shall be required to be taken or given on or before the requisite time on the next succeeding day that is a Business Day.

  • Payment on non-Business Day If any payment by the Borrower under a Finance Document would otherwise fall due on a day which is not a Business Day: (a) the due date shall be extended to the next succeeding Business Day; or (b) if the next succeeding Business Day falls in the next calendar month, the due date shall be brought forward to the immediately preceding Business Day, and interest shall be payable during any extension under paragraph (a) at the rate payable on the original due date.

  • Non-Business Days If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not).

  • LIBOR Business Day Any day on which commercial banks are open for international business (including dealings in Dollar deposits) in London, England. LIBOR Lending Office. Initially, the office of each Lender designated as such on Schedule 1.1 hereto; thereafter, such other office of such Lender, if any, that shall be making or maintaining LIBOR Rate Loans.

  • Non-Business Day Payments Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

  • Day Unless otherwise stated, reference to the terms "day," "days," "month," or "months" mean calendar day, calendar days, calendar month, and calendar months, respectively.

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