Common use of Next Business Day Clause in Contracts

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.

Appears in 3 contracts

Sources: Purchase and Assumption Agreement (First Banks, Inc), Purchase and Assumption Agreement (Sterling Bancshares Inc), Purchase and Assumption Agreement (Firstmerit Corp /Oh/)

Next Business Day. In the event that either any 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.

Appears in 1 contract

Sources: Asset Purchase Agreement (Meta Financial Group Inc)