Common use of TARGET Day Clause in Contracts

TARGET Day. Any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

Appears in 11 contracts

Sources: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc), Credit Agreement (Staples Inc), Credit Agreement (Barnes Group Inc)

TARGET Day. Any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

Appears in 7 contracts

Sources: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.), Credit Agreement (QTS Realty Trust, Inc.)