Common use of Days on Which Payment to be Made, Notice Given or Other Action Taken Clause in Contracts

Days on Which Payment to be Made, Notice Given or Other Action Taken. If any date on which a payment is to be made, notice given or other action taken hereunder is a Saturday, Sunday or legal holiday in the state in which the payment, notice or other action is to be made, given or taken, then such payment, notice or other action shall be made, given or taken on the next succeeding Business Day in such state, and in the case of any payment, no interest shall accrue for the delay.

Appears in 11 contracts

Samples: Senior Indenture (Achieve Life Sciences, Inc.), Indenture (Biolife Solutions Inc), Indenture (Oncogenex Pharmaceuticals, Inc.)

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Days on Which Payment to be Made, Notice Given or Other Action Taken. If any date on which a payment is to be made, notice given or other action taken hereunder is a Saturday, Sunday or legal holiday in the state in which or from which the payment, notice or other action is to be made, given or taken, then such payment, notice or other action shall be made, given or taken on the next succeeding Business Day business day in such state, and in the case of any payment, no interest shall accrue for the delay.

Appears in 2 contracts

Samples: Indenture (Chevron Funding Corp), Chevrontexaco Corp

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