Relevant Currency Time definition
Relevant Currency Time means, for any Borrowing in any currency, the local time in the city where the Administrative Agent’s Account for such currency is located.
Relevant Currency Time means, for any Borrowing in any currency, the local time in the city where the Administrative Agent’s Account for such currency is located. “Replacement Lender” has the meaning specified in Section 11.5. “Required Lenders” means, at any time, Lenders whose Pro Rata Share of the Loans and Unused Commitments exceeds fifty percent (50%) of the total the aggregate outstanding principal amount of the Loans and Unused Commitments; provided, however, that if any Lender shall be an Impacted Lender at such time, there shall be excluded from the determination hereunder at such time, (a) the aggregate principal amount of the Loans made by such Lender and outstanding at such time and (b) such Lender’s Unused Commitment at such time. “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
Relevant Currency Time means, for any Borrowing in any currency, the local time in the city where the Administrative Agent's Account for such currency is located. "Relevant Governmental Body" means the Board or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board or the Federal Reserve Bank of New York, or any successor thereto. "Replacement Lender" has the meaning specified in Section 10.5. "Required Lenders" means, at any time, ▇▇▇▇▇▇▇ having Revolving Loan Exposures, outstanding Incremental Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Loan Exposures, total outstanding Incremental Term Loans and unused Commitments at such time. The Commitments of, and the portion of the Revolving Loan Exposure and Incremental Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. “Required Multicurrency Lenders” means, at any time, Lenders having Multicurrency Revolving Tranche Loan Outstandings and unused Multicurrency Revolving Tranche Loan Commitments representing more than 50% of the total Multicurrency Revolving Tranche Loan Outstandings. The Commitments of, and the portion of the Multicurrency Revolving Tranche Loan Outstandings and Multicurrency Revolving Tranche Loan Commitments held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Multicurrency Lenders.
Examples of Relevant Currency Time in a sentence
Any payments under this Agreement or under any Note which are made later than 12:00 Noon (Relevant Currency Time) shall be deemed to have been made on the next succeeding Business Day.
More Definitions of Relevant Currency Time
Relevant Currency Time means, for any Multicurrency Syndicated Borrowing, the local time in that city in which the FCB Account for such Currency is located.