Bank Holidays Sample Clauses
The bank-holidays clause defines how contractual obligations are affected when a due date falls on a recognized bank holiday. Typically, this clause stipulates that if a payment or action is scheduled for a bank holiday, it will instead be due on the next business day. For example, if a payment is due on a day when banks are closed, the obligation is automatically postponed to the following working day. This ensures that parties are not penalized for delays caused by official bank closures, providing clarity and predictability in the timing of contractual duties.
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Bank Holidays. Except as specified in a Pre-Existing Obligation or a Supplemental Indenture, if the specified date for the making of any payment or the last date for performance of any act or the exercising of any right, as provided in this Indenture, shall be a Saturday, Sunday or legal holiday or a day on which banking institutions in the city in which is located the office from which the Trustee performs the functions to which such act or right relates are authorized by law to remain closed, such payment may be made or act performed or right exercised on the next succeeding day which is not one of the foregoing days without additional interest and with the same force and effect as if made, performed or exercised on the specified date for such payment.
Bank Holidays. 17 Section 1.15. Acceptance of Trust by Trustee ......................................................17 Section 1.16. Maturity of Obligations .............................................................17 Section 1.17. Investment of Cash Held by Trustee ..................................................17 Section 1.18. Principal Amount of Certain Obligations .............................................17 ARTICLE II
Bank Holidays. (a) Where a crew member is contracted by the producer to work over a period which includes a United Kingdom official public holiday or foreign official public holiday where work takes place abroad (Bank Holiday), but the crew member is not actually required to work on that Bank Holiday, the crew member will be entitled to receive his/her daily fee for that Bank Holiday.
(b) If a crew member is required to work on a Bank Holiday, the crew member will be entitled to be paid at 2T during such Bank Holiday, whether the crew member is working on a weekly or longer term basis or is engaged as a daily.
Bank Holidays. All colleagues covered by this agreement have 8 Bank Holidays included within their annual holiday entitlement. Bank holidays are considered to be a working day and colleagues may be rostered to work as normal. No additional premiums are payable. Bank holidays are included in the annual leave allowance. If a colleague wishes to take a Bank Holiday as a holiday, it should be requested in line with the normal procedure for booking holidays.
Bank Holidays. (a) Entitlement:
(b) Staff who may be required to work on bank holidays, where it is not part of their normal working pattern:
Bank Holidays. In addition to the statutory holidays, the banks will also be closed on the following days which are regarded as bank holidays: • Good Friday • and the afternoon of Christmas Eve The calendar of bank holidays is updated every year.
Bank Holidays. All colleagues covered by this agreement have their Bank Holiday entitlement included within their annual holiday entitlement. Bank holidays are considered to be a working day and colleagues may be rostered to work as normal. If a colleague wishes to take a Bank Holiday as a holiday, it should be requested in line with the normal procedure for booking holidays. Christmas Day will always be a day’s holiday and will automatically be deducted from a colleague’s leave allowance. This is in addition to the two standard rest days in that week for full time colleagues.
Bank Holidays. Whenever any payment to be made under this Agreement shall become due on a day which is not a Business Day, such payment may be made on the next succeeding Business Day on which the Bank is open, and such extension shall be included in computing the interest in connection with such payment.
Bank Holidays. With period-based work, periods that include New Year’s Day, Epiphany, Good Friday, Easter Monday, May Day, Ascension Day, Independence Day, Christmas Day or Boxing Day, the working hours of the period are shortened by 8 hours for each bank holiday expect those occurring on a
Bank Holidays official bank holidays at the place of registered business of the Provider or a branch office of Provider relevant for the Order.