Date Computation Clause Samples

The Date Computation clause defines how dates and time periods are calculated and interpreted within the agreement. It typically specifies whether calendar days or business days are used, how to handle deadlines that fall on weekends or holidays, and the method for counting days (such as whether the first or last day is included). This clause ensures consistency and clarity in interpreting timeframes, reducing the risk of disputes over deadlines or performance periods.
Date Computation. If any date of significance hereunder falls upon a Saturday, Sunday or recognized Federal holiday, such date will be deemed moved forward to the next day which is not a Saturday, Sunday or recognized Federal holiday. The terms "working day" shall mean days elapsed exclusive of Saturday, Sunday or recognized Federal holidays.
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Date Computation. If any date of significance hereunder falls upon a Saturday, Sunday or recognized Federal holiday, such date will be deemed moved to the next following day which is not a Saturday, Sunday or recognized Federal holiday. The term “Business Day” shall mean days elapsed exclusive of Saturday, Sunday or recognized Federal holidays.
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Date Computation. If any date of significance hereunder falls upon a Saturday, Sunday, or recognized State or Federal holiday in Texas, such date shall be moved forward to the next day which is not a Saturday, Sunday, or recognized holiday. The phrase “business day” shall mean days other Saturday, Sunday, or recognized Federal or State holidays.
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Date Computation. Where a Party must do an action by a date that falls on a Saturday, Sunday, legal or SIRVA holiday, such date shall be extended to the next SIRVA business day.
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Related to Date Computation

  • Interest Rate Computations All interest hereunder shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto.

  • Time Computation Saturday, Sunday and holidays recognized by this Agreement shall not be counted under the time procedures established in this Agreement.

  • Interest Computation In computing interest on the Obligations, all checks, wire transfers and other items of payment received by Silicon (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Silicon on account of the Obligations three Business Days after receipt by Silicon of immediately available funds, and, for purposes of the foregoing, any such funds received after 12:00 Noon on any day shall be deemed received on the next Business Day. Silicon shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Silicon in its sole discretion, and Silicon may charge Borrower's loan account for the amount of any item of payment which is returned to Silicon unpaid.

  • Payment; Interest Computation Interest is payable monthly on the first calendar day of each month and shall be computed on the basis of a 360-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.

  • Overtime Computation Computation of overtime will be rounded upward to the nearest one-tenth (1/10th) of an hour.