Reasonable Time to Act definition

Reasonable Time to Act means a reasonable time for a party to act, but not less than two Business Days after the Business Day of receipt of the applicable information or Instruction.
View Source

Examples of Reasonable Time to Act in a sentence

  • Notwithstanding any other timeframes in the Agreement, Bank shall have a Reasonable Time to Act upon any Notice or Instruction it receives from or on behalf of Client.

  • For the purposes of the Card Program Documents: “Surrender” means: (i) Client has (1) returned all physical Cards to Bank or Notified Bank that Client has destroyed all physical Cards, and (2) destroyed all Card information and Notified Bank that it has done so; and (ii) Bank has had a Reasonable Time to Act.

  • Such designation and authority remains in effect until Bank has had a Reasonable Time to Act on a revocation Notice from Client.

  • Upon exercise of the Company of its call right, such call right shall immediately be deemed to have been assigned to, and exercised by, the Special Purchaser (as described in Section 17(b)).

  • Such designation and authority remains in effect until M&T has had a Reasonable Time to Act on a revocation Notice from Client.

  • However, Client may not use an Account or Card Product, and no Account or Card Product will be effective, until: (1) Bank has received all information and Client has completed and executed documents required by BANK, including the Signature Document and the Election Form; and (2) Bank has approved Client’s use of such Account or Card Product and has had a Reasonable Time to Act to implement such Account or Card Product.