Common use of Effect of Legal Holidays Clause in Contracts

Effect of Legal Holidays. Whenever this Eligible Lender Trust Agreement requires any action to be taken on a day which is not a Business Day, such action shall be taken on the next succeeding Business Day with the same force and effect as if taken on such day.

Appears in 15 contracts

Samples: Eligible Lender Trust Agreement, Eligible Lender Trust Agreement (Consolidation Loan Funding Ii, LLC), Eligible Lender Trust Agreement (Gmac Elf LLC)

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Effect of Legal Holidays. Whenever this Eligible Lender Trust Agreement Indenture requires any action to be taken on a day which is not a Business Day, such action shall be taken on the next succeeding Business Day with the same force and effect as if taken on such day.

Appears in 3 contracts

Samples: Indenture of Trust (Student Loan Funding LLC), Indenture of Trust (Student Loan Funding LLC), Indenture of Trust (Student Loan Funding LLC)

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