Common use of Telex Clause in Contracts

Telex. if sent by telex, upon receipt by the sender of the addressee's answerback at the end of transmission; provided, however, that any such notice or other communication which would otherwise take effect (a) on a day which is not a business day in the place of the addressee or (b) after 4.00 p.m. on any particular day shall not, in either case, take effect until 10.00 a.m. on the immediately succeeding business day in the place of the addressee.

Telex. if sent by telex, upon receipt by the sender of the addressee's Issuer’s answerback at the end of transmission; provided, however, that any such notice or other communication which would otherwise take effect (a) on a day which is not a business day in the place of the addressee or (b) after 4.00 p.m. on any particular day shall not, in either case, not take effect until 10.00 a.m. on the immediately succeeding business day in the place of the addresseeIssuer.

Telex. if sent by telex, upon receipt by the sender of the addressee's ’s answerback at the end of transmission; provided, however, provided that any such notice or other communication which would otherwise take effect (a) on a day which is not a business day in the place of the addressee or (b) after delivered by 4.00 p.m. on any particular day shall not, in either case, not take effect until 10.00 a.m. on the immediately succeeding business day in the place of the addressee.