Common use of Close of Business Clause in Contracts

Close of Business. The term "Close of Business" on any given date shall mean 5:00 P.M., New York City time, on such date; provided, however, that if such date is not a Business Day it shall mean 5:00 P.M., New York City time, on the next succeeding Business Day.

Close of Business. The term "Close of Business" on any given date shall mean 5:00 P.M., New York City time, on such date; providedPROVIDED, howeverHOWEVER, that if such date is not a Business Day it shall mean 5:00 P.M., New York City time, on the next succeeding Business Day.