Business Day Convention. Whenever any amount expressed to be due by the terms of this Note is due on any day that is not a business day, the same shall instead be due on the next succeeding business day. As used in this Note, the term “business day” shall mean any day except any Saturday, any Sunday, any day that is a federal legal holiday in the United States, or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Appears in 17 contracts
Samples: Securities Purchase Agreement (Cardax, Inc.), Securities Purchase Agreement (Cardax, Inc.), Securities Purchase Agreement (Cardax, Inc.)
Business Day Convention. Whenever any amount expressed payment to be due by the terms of this Note is made hereunder shall be due on any a day that is not a business dayBusiness Day, the same such payment shall instead be due made on the next succeeding business Business Day and such extension will be taken into account in calculating the amount of interest payable under this Agreement. “Business Day” means any day. As used in this Note, the term “business day” shall mean any day except any Saturday, any other than a Saturday or a Sunday, any day that is a federal legal holiday in the United States, or any day on which banking institutions commercial banks are not required or authorized to close in the State of Copenhagen, Denmark or New York are authorized or required by law or other governmental action to closeCity, New York.
Appears in 2 contracts
Samples: Security Agreement (Timber Pharmaceuticals, Inc.), Security Agreement (Timber Pharmaceuticals, Inc.)
Business Day Convention. Whenever any amount expressed payment to be due by the terms of this Note is made hereunder shall be due on any a day that is not a business dayBusiness Day, the same such payment shall instead be due made on the next succeeding business dayBusiness Day and such extension will be taken into account in calculating the amount of interest payable under this Note. As used in For purposes of this Note, the term “business Business Day” means any day” shall mean any day except any Saturday, any other than a Saturday or a Sunday, any day that is a federal legal holiday in the United States, or any day on which banking institutions commercial banks are not required or authorized to close in the State of New York are authorized or required by law or other governmental action to closeState.
Appears in 1 contract
Samples: Financing and Purchase Agreement
