Common use of WEEKENDS/HOLIDAYS Clause in Contracts

WEEKENDS/HOLIDAYS. Notwithstanding Section 4.1(a): (i) if the deadline for payment under such provisions falls on a Saturday, such deadline shall be deemed to have instead fallen on the immediately preceding Business Day; (ii) if the deadline for payment under such provisions falls on a Sunday, such deadline shall be deemed to have instead fallen on the immediately succeeding Business Day; (iii) if the deadline for payment under such provisions falls on a Monday that is not a Business Day, such deadline shall be deemed to have instead fallen on the immediately succeeding Business Day; and (iv) if the deadline for payment under such provisions falls on a Day that is neither a Business Day nor a Saturday, Sunday or Monday, such deadline shall be deemed to have instead fallen on the immediately preceding Business Day.

Appears in 4 contracts

Samples: Crude Oil Purchase Agreement, Crude Oil Purchase Agreement (Pacific Coast Energy Co LP), Crude Oil Purchase Agreement (Plains Exploration & Production Co)

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