Requisite Time definition
Examples of Requisite Time in a sentence
All payments received by the Administrative Agent after such Requisite Time shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.
Except as otherwise expressly provided herein, all payments by Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in Same Day Funds not later than the Requisite Time on the date specified herein.
In the case of a Borrowing each Lender shall make its Loan available to Administrative Agent in Same Day Funds at Administrative Agent’s Office not later than the Requisite Time therefor on the Business Day specified in such Request for Extension of Credit.