Next Business Day Sample Clauses
The "Next Business Day" clause defines how deadlines or obligations are handled when they fall on a day that is not a recognized business day, such as weekends or public holidays. In practice, if a required action or payment is due on a non-business day, the deadline is automatically extended to the next day that qualifies as a business day. This ensures that parties are not penalized for delays caused by closures or non-working days, providing clarity and predictability in the timing of contractual obligations.
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Next Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.
Next Business Day. In the event that either Party is required by this Agreement to perform any action or delivery on a Saturday, Sunday or any holiday observed by the Federal Reserve, such Party may perform the action or delivery on the following Business Day.
Next Business Day. If the scheduled closing date, or the date any notice required pursuant to this Agreement is due, falls on a Saturday, Sunday or legal holiday, the Closing Date or due date of said Notice, shall be the next business day.
Next Business Day. In the event any date described herein for payment or performance of the provisions hereof falls on a Saturday, Sunday or legal holiday, the time for such payment or performance shall be extended to the next business day.
Next Business Day. If an event must occur on a stipulated day which is not a Business Day then the stipulated day will be taken to be the next Business Day.
Next Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the payment may be made on the next succeeding Business Day (except as specified in clause (ii) of the definition of Interest Period) and such extension of time shall be included in the computation of the amount of interest due hereunder.
Next Business Day. Whenever any performance obligation shall be stated to be due or required to be satisfied on a day other than a Business Day, such performance shall be made or satisfied on the next succeeding Business Day. A "Business Day" under this Section 6.7 shall be defined as as a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to close.
Next Business Day. If a payment of Margin is due under this Agreement on a day that is not a Business Day, then such payment shall be made on the next Business Day following the due date.
Next Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day. Except and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Note, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Note against impairment. Without limiting the generality of the foregoing, the Company will use reasonable best efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Note.
Next Business Day. If any date set forth in this Agreement falls on a Saturday, Sunday, a national holiday, or a day on which the municipal government offices of the City of Charlestown, Indiana are otherwise closed, such date shall be deemed automatically extended to the first business day following such weekend day or holiday.