Common use of Computation of Periods Clause in Contracts

Computation of Periods. If the date to perform any act or give any notice specified in the CMA Documents (including the last date for performance or provision of notice “within” a specified time period) falls on a non-Business Day, such act or notice may be timely performed on the next succeeding day that is a Business Day. Notwithstanding the foregoing, requirements contained in the CMA Documents relating to actions to be taken in the event of an emergency, the mitigation of a hazard from a Category 1 Defect or other requirements for which it is evident that performance is intended to occur on a non-Business Day shall be required to be performed as specified, even though the date in question may fall on a non-Business Day.

Computation of Periods. If the date to perform any act or give any notice specified in the CMA COMA Documents (including the last date for performance or provision of notice “within” a specified time period) falls on a non-Business Day, such act or notice may be timely performed on the next succeeding day that is a Business Day. Notwithstanding the foregoing, requirements contained in the CMA COMA Documents relating to actions to be taken in the event of an emergency, the mitigation of a hazard from a Category 1 Defect or other requirements for which it is evident that performance is intended to occur on a non-Business Day Day, shall be required to be performed as specified, even though the date in question may fall on a non-Business Day.

Computation of Periods. If the date to perform any act or give any notice specified in the CMA Documents (including the last date for performance or provision of notice “within” a specified time period) falls on a non-Business Day, such act or notice may be timely performed on the next succeeding day that is a Business Day. Notwithstanding the foregoing, requirements contained in the CMA Documents relating to actions to be taken in the event of an emergency, the mitigation of a hazard from a Category 1 Defect or other requirements for which it is evident that performance is intended to occur on a non-Business Day Day, shall be required to be performed as specified, even though the date in question may fall on a non-Business Day.