Notice on Non-Business Day. Despite section 16.2, if either Party gives a Notice on a non-Business Day, or after 5 p.m. on a Business Day, the Notice shall be deemed to have been given on the next Business Day after the day determined under s. 16.2.
Notice on Non-Business Day Sample Clauses
Related to Notice on Non-Business Day
Day not a Business Day If any day on or before which any action or notice is required to be taken or given hereunder is not a Business Day, then such action or notice shall be required to be taken or given on or before the requisite time on the next succeeding day that is a Business Day.
Non-Business Days If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not).
Business Day For purposes of these By-Laws, “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in the State of New York are authorized or obligated by law or executive order to close.
