Relevant Local Time definition

Relevant Local Time means 10:00 a.m. local time in the place where the Eurodollar Office is located.
Relevant Local Time means 11:00 a.m., local time, in London, England, when the LIBOR Office selected by the Administrative Agent to determine the LIBO Rate is located in Europe, or 10:00 a.m., Nassau, Bahamas time, when such LIBOR Office is located in North America.
Relevant Local Time as to any Eurodollar Office shall mean 11:00 a.m., London time when such Eurodollar Office is located in Europe or the Middle East, or 10:00 a.m., Chicago time, when such Eurodollar Office is located in North America or the Caribbean.

Examples of Relevant Local Time in a sentence

  • Relevant Local Time" means 10:00 a.m. local time in the place where the Eurodollar Office is located.

  • Relevant Local Time" means, with respect to Libor ------------------- Loans, 10:00 a.m. local time in the place where the Eurodollar Office is located.

  • Not later than 11:00 a.m. (Relevant Local Time), three Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify such Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders.


More Definitions of Relevant Local Time

Relevant Local Time means (i) for Offshore Rate Loans denominated in U.S. Dollars or Canadian Dollars, approximately 11:00 a.m. New York City time, and (ii) for Offshore Rate Loans denominated in any other Offshore Currency, approximately 11:00 a.m. London, England time.
Relevant Local Time means (i) 11:00 am., London time, when the Eurodollar Office selected by the Bank to determine the Interbank Rate is located in London, England, and (ii) 10:00 am., Chicago time, when such Eurodollar Office is located in Chicago, Illinois.
Relevant Local Time means 11:00 A.M., London time, when the Lending Office of the Agent is located in Europe, or 10:00 A.M., New York time, when such Lending Office is located in North America or otherwise outside of Europe.
Relevant Local Time means, with respect to Libor Loans, 10:00 a.m. local time in the place where the Eurodollar Office is located.
Relevant Local Time means 10:00 A.M., Chicago time.
Relevant Local Time means 11:00 a.m., local time in London, England. In the event that the Board of Governors of the Federal Reserve System shall impose a reserve percentage with respect to LIBOR Deposits of the Lender, then for any period of time during which such reserve percentage shall apply, the LIBOR Rate shall be equal to the amount determined above divided by an amount
Relevant Local Time as to any Eurodollar Office shall mean (i) if the Administrative Agent shall have received adequate notice, 11:00 a.m., London time when such Eurodollar Office is located in Europe or the Middle East, or 10:00 a.m., Chicago time, when such Eurodollar Office is located in North America or the Caribbean, or (ii) if the Administrative Agent shall not have received adequate notice, then the actual time the Administrative Agent determines the Eurodollar Rate. "Eurodollar Business Day" means a day of the year on which dealings are carried on in the eurodollar interbank market and banks are open for business in Chicago and in New York City. "Eurodollar Office" shall mean the office of the Administrative Agent designated as such with its signature hereto and, thereafter, such other office or offices of the Administrative Agent (as designated from time to time by notice from the Administrative Agent to Seller) which shall be funding the Undivided Interests of the Administrative Agent hereunder or such other office or offices through which the Administrative Agent determines the Eurodollar Rate. A Eurodollar Office of the Administrative Agent may be, at the option of the Administrative Agent, either a domestic or foreign office.