Common use of Time and Days Clause in Contracts

Time and Days. (a) References in this agreement to a time of day are to Australian eastern standard time (and are not adjusted for daylight saving time in any jurisdiction). (b) In this agreement, unless otherwise specified: (i) a period of time expressed to commence before or after a given day, or before or after the day of an act or event, is to be calculated exclusive of that day; and (ii) a period of time expressed to commence on a given day, or on the day of an act or event, is to be calculated inclusive of that day. (c) In this agreement, the following terms may be used to identify a Gas Day: (i) D refers to the Gas Day for which a matter is to be calculated or determined, or on which an event is to occur or has occurred. (ii) D-n (1, 2, 3, etc.) refers to events or calculations that occur on the Gas Day that is n or a specified number (1, 2, 3 etc.) of Gas Days before Gas Day D and which pertain to Gas Day D. (iii) D+n (1, 2, 3 etc.) refers to events or calculations that occur on the Gas Day that is n or a specified number (1, 2, 3 etc.) of Gas Days after Gas Day D and which pertain to Gas Day D. (iv) n represents a number of Gas Days.