Day Conventions Sample Clauses
The Day Conventions clause defines how days are counted and interpreted for the purposes of calculating time periods, deadlines, or interest in a contract. It typically specifies whether references to days mean calendar days or business days, and may outline how to handle weekends or public holidays when a deadline falls on such days. This clause ensures consistency and clarity in time-related obligations, preventing disputes over timing and ensuring all parties have a shared understanding of how contractual periods are measured.
Day Conventions. Unless otherwise specifically provided herein or in a Product Order, (i) “day” means a calendar day and includes Saturdays, Sundays and holidays, and (ii) if a payment falls due on a day that is not a Business Day, the payment will be due on the next Business Day thereafter.
Day Conventions. Unless otherwise specifically provided herein or in a Product Order,
Day Conventions. Unless otherwise specifically provided herein or in a Product Order, due on a day that is not a Business Day, the payment will be due on the next Business Day thereafter.