Common use of Time of the Essence; Computation of Time Clause in Contracts

Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge of any duty under this Agreement shall fall upon a Saturday, Sunday or any date on which banks in Georgia are closed, the Party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

Appears in 5 contracts

Samples: Stock Purchase Agreement, Asset Purchase Agreement (Superior Uniform Group Inc), Merger Agreement (Wright Medical Group Inc)

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Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge of any duty under this Agreement hereunder shall fall upon a Saturday, Sunday Sunday, or any date on which banks in Atlanta, Georgia are closed, the Party party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Healthcare Recoveries Inc), Asset Purchase Agreement (Healthcare Recoveries Inc), Asset Purchase Agreement (Horizon Medical Products Inc)

Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge of any duty under this Agreement hereunder shall fall upon a Saturday, Sunday Sunday, or any date on which banks in Atlanta, Georgia or Skokie, Illinois are closed, the Party party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

Appears in 1 contract

Samples: Asset Purchase Agreement (Horizon Medical Products Inc)

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Time of the Essence; Computation of Time. Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge of any duty under this Agreement shall fall upon a Saturday, Sunday or any date on which banks in Georgia are closed, the Party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business dayBusiness Day.

Appears in 1 contract

Samples: Merger Agreement (Alco Stores Inc)

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