PM means particulate matter.
Real-time means the actual time during which a process or event occurs.
Central Clock Time or "CCT" means Central Daylight Time when Daylight Savings Time is in effect and Central Standard Time when Daylight Savings Time is not in effect.
Local Time means (a) with respect to a Loan or Borrowing denominated in Dollars, New York City time and (b) with respect to a Loan or Borrowing denominated in any Foreign Currency, London time.
Valuation Time means the close of business in the city of the Valuation Agent on the Local Business Day before the Valuation Date or date of calculation, as applicable, provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date.
Execution Time means the date and time that this Agreement is executed and delivered by the parties hereto.
Close of Business means 5:00 p.m. (New York City time).
Inception Date means in respect of a Fund, the first date on which the Fund issued shares.