Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a non-Business Day, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding Business Day. * * * * *
Appears in 4 contracts
Sources: Preferred Stock Purchase Agreement (Aspect Communications Corp), Preferred Stock and Subordinated Note Purchase Agreement (Castle Dental Centers Inc), Preferred Stock and Subordinated Note Purchase Agreement (Midwest Mezzanine Fund Ii Lp)
Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a non-Business Day, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding Business Day. * * * * *
Appears in 2 contracts
Sources: Series B Convertible Preferred Stock and Warrant Purchase Agreement (Penton Media Inc), Series B Convertible Preferred Stock and Warrant Purchase Agreement (Sandler Capital Management)