Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a non-Business Day, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding Business Day. * * * * *
Appears in 4 contracts
Samples: Preferred Stock and Subordinated Note Purchase Agreement (Heller Financial Inc), Preferred Stock and Subordinated Note Purchase Agreement (Midwest Mezzanine Fund Ii Lp), Preferred Stock Purchase Agreement (Aspect Communications Corp)
Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a non-Business Day, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding Business Day. * * * * *
Appears in 2 contracts
Samples: Series B Convertible Preferred Stock and Warrant Purchase Agreement (Sandler Capital Management), Series B Convertible Preferred Stock and Warrant Purchase Agreement (Penton Media Inc)
