Common use of Time Zone/Time Periods Clause in Contracts

Time Zone/Time Periods. Any reference in this Contract to a specific time shall refer to the time in the time zone where the Escrow Agent is located. (For example, a reference to 3:00 p.m. refers to 3:00 p.m. MST if the Escrow Agent is located in Denver, CO.) Should the last day of a time period fall on a weekend or legal holiday, the next Business Day thereafter shall be considered the end of the time period.

Appears in 9 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract (Shelter Properties v Limited Partnership), Purchase and Sale Contract (Shelter Properties Ii LTD Partnership)

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