Common use of Calculating Time Clause in Contracts

Calculating Time. If anything is permitted or required to be done: (a) a number of days or Business Days before a specified date, the date by which that thing may or must be done is to be calculated excluding the specified date; Example: if the Settlement Date falls on a Friday, 2 days before the Settlement Date is Wednesday. (b) at least" a number of days or Business Days before a specified date or a clear number of days or Business Days before a specified date, the date by which that thing may or must be done is to be calculated excluding the specified date and excluding the day on which the thing may or must be done; Example: if the Settlement Date falls on a Friday, at least 2 days before the Settlement Date or 2 clear days before the Settlement Date Day”) will be treated as given or delivered at 9am on the second Business Day.

Appears in 5 contracts

Samples: Contract for Houses and Residential Land, Contract for Houses and Residential Land, Contract for Houses and Residential Land

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