Common use of Performance on Business Days Clause in Contracts

Performance on Business Days. All time periods expire at 5:00 p.m. Eastern Time on the last day of such time period. In the event the date on which performance or payment of any obligation of a party required hereunder, or the expiration of each period of time hereunder, is other than a Business Day, the time for payment or performance, or the expiration of such time period, shall automatically be extended to the first Business Day following such date.

Appears in 3 contracts

Sources: Interest Contribution Agreement (Landmark Apartment Trust of America, Inc.), Interest Contribution Agreement (Landmark Apartment Trust of America, Inc.), Interest Contribution Agreement (Landmark Apartment Trust of America, Inc.)