Common use of Deemed Giving of Notice and Receipt Clause in Contracts

Deemed Giving of Notice and Receipt. Receipt of a notice or communication by a Chargor must be actual receipt but, in other cases, a notice will be deemed to have been duly given and received: (i) on personal delivery to an address (or in the case of the Chargee, any director or the secretary of an addressee) or on a business day to a place for the receipt of letters at that addressee’s authorised address; (ii) in the case of posting, on the third business day after the day of posting; and (iii) in the case of a fax, on issue to the sender of an O.K. result confirmation report or, if the day of issue is not a business day, on the next business day.

Deemed Giving of Notice and Receipt. Receipt of a notice or communication by a the Chargor must be actual receipt but, in other cases, a notice will be deemed to have been duly given and received: (i) on personal delivery to an address (or in the case of the Chargee, any director or the secretary of an addressee) or on a business day to a place for the receipt of letters at that addressee’s authorised address; (ii) in the case of posting, on the third business day after the day of posting; and (iii) in the case of a fax, on issue to the sender of an O.K. result confirmation report or, if the day of issue is not a business day, on the next business day.