Prevailing local time definition

Prevailing local time means the time where the commission is located.
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Prevailing local time means the prevailing local time in effect in Hartford, Connecticut. "Prime Rate" means a fluctuating rate of interest per annum equal to that rate per annum announced by Fleet National Bank or any successor thereto, from time to time, as being its prime rate of interest or base rate of interest, with a change in the Prime Rate to take effect simultaneously with each change in such announced rate. It is understood that such announced prime rate or base rate is merely a reference rate, not necessarily the lowest, which serves as the basis upon which effective rates of interest are calculated for obligations making reference thereto. "Project" has the meaning assigned thereto in the introductory clauses of this Agreement. "Related Documents" means the Letter of Credit, the Indenture, the Loan Agreement, the Bonds, the Pledge Agreement, the Mortgage, the Security Documents, and any other agreement or instrument guaranteeing, securing or otherwise relating to any of the foregoing. "Remarketing Agent" means X.X. Xxxxxxx & Sons, Inc. or any successor thereto as remarketing agent under the Indenture. "Remarketing Agreement" means that certain Remarketing Agreement of even date herewith between the Remarketing Agent and the Borrower, and any modification thereof or substitution therefor. "Security Documents" means the Mortgage and Security Agreement, the Financing Statement, the Assignment of Contracts and Security Agreement, and the Guaranty as the same may be amended from time to time. "Tender Advance" has the meaning assigned to that term in Subsection 2(d) of this Agreement. "Tender Drawing" has the meaning assigned to that term in the Letter of Credit. "Termination Date" means the earliest of: (i) January 14, 2000 (unless extended as provided in Subsection 3(e) below), (ii) the date of payment of a Final Drawing drawn under the Letter of Credit, or (iii) the earlier termination of the Letter of Credit pursuant to the terms thereof. "Trustee" means State Street Bank and Trust Company, as trustee under the Indenture, or any successor as such trustee. "Unrestricted Investments" means at any time cash and cash- equivalents and other readily marketable securities of the Borrower as are unrestricted and are identified as such in financial statements provided by the Borrower to the Bank from time to time under this Agreement. (b)
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Prevailing local time means the prevailing local time in effect in Hartford, Connecticut.
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Examples of Prevailing local time in a sentence

  • Prevailing local time is determined by reference to the location where the filing is required to be made.

  • The white, dye-binding zone in the bondEX EtBr cartridge itself (see picture in section 2.1) will bind most of the dyes.

Related to Prevailing local time

  • 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.

  • Eastern Prevailing Time means either Eastern Standard Time or Eastern Daylight Savings Time, as in effect from time to time.

  • Prevailing Exchange Rate means, for purposes of translating, as of any date, any amount in a non-U.S. currency to U.S. dollars, the spot mid-rate of exchange between such currencies prevailing as of 4 p.m., New York City time, on such date, as displayed on, or derived from, Bloomberg page “BFIX” (or, if such page is not available, its equivalent successor page) in respect of such currencies. If such rate cannot be determined as provided in the immediately preceding sentence on such date (which, for the purpose of this definition, will be deemed to be the “affected day”), then the Prevailing Exchange Rate for such date will be determined mutatis mutandis but with respect to the immediately preceding day on which such rate can be so determined; provided, however, that, if such immediately preceding day is before the fifth (5th) day before such affected day, or if such rate cannot be so determined, then the Prevailing Exchange Rate will be determined in such other commercially reasonable manner as determined by the Company in good faith.

  • Prevailing Rate means, in respect of any currencies on any day, the spot rate of exchange between the relevant currencies prevailing as at or about 12 noon (London time) on that date as appearing on or derived from the Reference Page or, if such a rate cannot be determined at such time, the rate prevailing as at or about 12 noon (London time) on the immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the Reference Page, the rate determined in such other manner as an Independent Financial Adviser shall in good faith prescribe;

  • Prevailing Market Rate means the then prevailing market rate for base minimum rental calculated on a per square foot per annum basis for leases containing comparable terms, covering space comparable to the Demised Premises, with improvements of comparable age and nature within buildings comparable to the Building located in the area (hereinafter referred to as the "Market Area") designated as "Joliet, Illinois Market Area". The Prevailing Market Rate shall be determined by an appraisal procedure as follows: In the event that Tenant notifies Landlord that Tenant elects to extend the Term for any one or more of the Renewal Terms in accordance with Section 3.5 of this Lease, Landlord and Tenant shall negotiate in good faith for a period of thirty (30) calendar days after the timely giving of the written notice from Tenant required by Section 3.5 to reach mutual agreement regarding the Prevailing Market Rate. Each of Landlord and Tenant shall submit to the other during such thirty (30) day period at least one written proposal for the Prevailing Market Rate. If Landlord and Tenant are unable to reach agreement during the thirty (30) day period, each of Landlord and Tenant shall, by written notice to the other within ten (10) business days after expiration of the thirty (30) day period, select a real estate appraiser. For a period of ten (10) business days after designation of the second appraiser, the two appraisers so designated shall attempt to reach mutual agreement regarding the Prevailing Market Rate. If the two appraisers are unable to reach agreement, each of the two appraisers shall, not later than the twentieth (20th) business day following the designation of the second appraiser, render a separate written determination of the Prevailing Market Rate. The two appraisers shall also select a third appraiser prior to the end of the period when their separate appraisals must be rendered. Within twenty (20) business days after the appointment of the third appraiser, the third appraiser shall render a written determination of the Prevailing Market Rate. From the three appraisals, the appraisal which is the farthest from the median appraisal shall be disregarded and the average of the remaining two appraisals shall conclusively constitute the Prevailing Market Rate. All appraisers selected in accordance with this paragraph shall have at least ten years experience in the commercial leasing market in the Market Area and shall be members of the American Institute of Real Estate Appraisers or similar professional organization. If either Landlord or Tenant fails or refuses to select an appraiser, the other appraiser shall alone determine the Prevailing Market Rate. Landlord and Tenant agree that they shall be bound by the determination of Prevailing Market Rate pursuant to this paragraph. Landlord shall bear the fee and expenses of its appraiser; Tenant shall bear the fee and expense of its appraiser; and Landlord and Tenant shall share equally the fee and expenses of the third appraiser, if any. EXHIBIT E ALLOWANCE WORK The Allowance Work is described in Exhibit G-2. EXHIBIT F ENVIRONMENTAL REPORTS

  • Real-time means the actual time in which an event takes place, with the reporting on or the recording of the event simultaneous with its occurrence.

  • Central Time means Central Time as adjusted for daylight savings time.

  • Prevailing Market means the arms-length, fair-market, annual rental rate per rentable square foot under extension and renewal leases and amendments entered into on or about the date on which the Prevailing Market is being determined hereunder for space comparable to the Premises in the Building and office buildings comparable to the Building in the San Mateo, California area. The determination of Prevailing Market shall take into account any material economic differences between the terms of the Lease and any comparison lease or amendment, such as rent abatements, construction costs and other concessions, and the manner, if any, in which the landlord under any such lease is reimbursed for operating expenses and taxes. The determination of Prevailing Market shall also take into consideration any reasonably anticipated changes in the Prevailing Market rate from the time such Prevailing Market rate is being determined and the time such Prevailing Market rate will become effective under the Lease.

  • Prevailing wage rate means the rate, amount, or level of wages, salaries, benefits, and other

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • Prevailing Interest Rate means the rate of interest payable on the Securities applicable from time to time pursuant to Condition 4 (Interest Payments);

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • prevailing party means the party which obtains the principal relief it has sought, whether by compromise settlement or judgment. If the party which commenced or instituted the action, suit or proceeding shall dismiss or discontinue it without the concurrence of the other party, such other party shall be deemed the prevailing party.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Prevailing Wage means the prevailing wage for applicable craft and classification of a worker as determined by the California Department of Industrial Relations pursuant to Labor Code sections 1770 and 1773, et seq.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Working Day means a day (other than a Saturday or Sunday) on which banks are open for general business in the City of London.

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • Non-working Day means any day upon which an employee, pursuant to the terms of the contract of employment, is not available to the employer for the purposes of rostering the ordinary hours of work.

  • Agent’s Spot Rate of Exchange means the Agent's spot rate of exchange for the purchase of the relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day.

  • Euro Business Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor system, is open for business.

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Successful Vendor means the organization or person with whom the order is placed or who is contracted to execute the work as detailed in the bid.

  • London Business Day means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Man Day means 7.5 Man Hours, whether or not such hours are worked consecutively and whether or not they are worked on the same day;