Common use of Periods of Time; Time of Essence Clause in Contracts

Periods of Time; Time of Essence. Whenever any determination is to be made or action is to be taken on a date specified in this Agreement, if such date shall fall on a Saturday, Sunday or legal holiday under the laws of the Band or the State of Michigan, then in such event said date shall be extended to the next day which is not a Saturday, Sunday or legal holiday. Time is of the essence.

Appears in 5 contracts

Samples: Buyout and Termination Agreement (Lakes Entertainment Inc), Management Agreement (Lakes Entertainment Inc), Management Agreement (Lakes Gaming Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!