Performance on Holidays Clause Samples
The 'Performance on Holidays' clause defines how contractual obligations are handled when a deadline or required action falls on a recognized holiday. Typically, this clause stipulates that if a due date coincides with a holiday, the obligation is automatically extended to the next business day. For example, if a payment or delivery is scheduled for a public holiday, it would instead be due on the following working day. This provision ensures that parties are not penalized for delays caused by holidays and provides clarity on how deadlines are adjusted, thereby preventing disputes related to timing.
Performance on Holidays. If any action is required to be taken pursuant to this Royalty Agreement on or by a specified date which is not a Business Day, then such action will be valid if taken on or by the next Business Day.
Performance on Holidays. If any action is required to be taken pursuant to this Agreement on or by a specified date which is not a Business Day, then such action shall be valid if taken on or by the next succeeding Business Day.
Performance on Holidays. If any act is required by the terms of this Agreement to be performed on a day which is not a Business Day, the act will be valid if performed on the next succeeding Business Day.
Performance on Holidays. If any act (including the giving of notice) is otherwise required by the terms hereof to be performed on a day which is not a Business Day, such act shall be valid if performed on the next succeeding Business Day.
Performance on Holidays. If any action is required to be taken pursuant to this Royalty Agreement on or by a specified date which is not a business day in the State of Western Australia, Australia, Vancouver, British Columbia, Burkina Faso or the Cayman Islands, then such action will be valid if taken on or by the next business day.
Performance on Holidays. If any act (including the giving of notice) is otherwise required by the terms hereof to be performed on a day which is not a Business Day, such act shall be performed on the next succeeding Business Day.
Performance on Holidays. If under this Funding Agreement any payment or calculation is to be made or any other action is to be taken on a day which is not a Business Day, the payment or calculation is to be made, and that other action is to be taken, as applicable, on or as of the next day that is a Business Day.
Performance on Holidays. If under this Agreement any action is to be taken on a day which is not a Business Day, that action is to be taken, as applicable, on or as of the next day that is a Business Day.
Performance on Holidays. If any act is required by the terms of this Agreement to be performed on a day which is not a Business Day, the act will be valid if performed on the next succeeding Business Day. In this Agreement "Business Day" means any day other than Saturday, Sunday or a statutory holiday in Ontario.
Performance on Holidays. Should the performance date pursuant to any provision of this Agreement fall upon a bank holiday or on a day on which banks are not generally open for business, the performance by the Escrow Agent on the succeeding business day shall be deemed to be in full compliance with the terms hereof.