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transnational law transnational law (lex mercatoria or international business law) and "Holidays and non-business days" 2016-03-01 13:58:16 https://www.trans-lex.org/img/logo_ball.png
Principle

No. IV.2.5 - Holidays and non-business days

If a notice, letter or other communication cannot be delivered at the address of the addressee on the last day of a period set by law or contractual stipulation because that day falls on an official holiday or non-business day at the place of business of the addressee, the period is extended until the first business day which follows.

Commentary
The Principle is a natural consequence of the fact that holidays or non-business days are non-working days while time periods set by law or contract relate to working days because the act required from one party to be performed within that period can only be performed in his or her professional capacity.

Please cite as: "Commentary to Trans-Lex Principle , "
References
Arbitration Rules
Doctrine
International Legislation
National Legislation
Contract Clauses
1. Definition
Employment Contract
Working Day
Working Day means any day which is not a Saturday, a Sunday or a bank or public holiday in England.
Sales & Purchase Contract
Definitions
Business Day means a day other than (i) a Saturday or Sunday, or (ii) a day in which the New York Stock Exchange is authorized or obligated by law or executive order to be closed.
1998
Definitions
"Business Day" means a period of eight (8) consecutive hours, beginning at 8:00 a.m., Central Clock Time ("C.C.T."), on any day except Saturday, Sunday or federal bank holidays and ending at 4:00 p.m. (C.C.T.), on the same calendar day.
2002
Definitions and Interpretation
“Business Day” means any day on which banks are not authorized or required to close in Cincinnati, Ohio, New York, New York or Chicago, Illinois and The Depository Trust Company of New York is open for business, and, if the applicable Business Day relates to any computation or payment to be made with respect to the LIBO Rate, any day on which dealings in dollar deposits are carried on in the London interbank market.
2003
Definitions
Business Day means any day (other than a Saturday or a Sunday) on which: (a) banks are not authorized or required to close in New York City, New York or Pittsburgh, Pennsylvania, and (b) if this definition of Business Day is utilized in connection with the Euro-Rate, dealings are carried out in the London interbank market.
2004
Definitions
Business Day means any day that is not a Saturday, Sunday or other day on which banks are required or authorized by Law to be closed in the City of New York, New York.
2009
Business Day
To the extent that any deadline or date of performance of any right or obligation set forth herein shall fall on a day other than a Business Day, then such deadline or date of performance shall automatically be extended to the next succeeding Business Day.
2009
Business Day
Business Day shall mean any day other than a Saturday, Sunday or day on which banks in New York City are authorized or required by law to close.
2009
Business Day
Business Day means any weekday other than a weekday on which banks in the State of New York are authorized or required by Legal Requirement to be closed.
2010
Defined Terms
"Business Day" means a day that is not (i) a Saturday, a Sunday or a statutory or civic holiday in the State of New York, (ii) a day on which banking institutions are required by Law to be closed in the State of New York, or (iii) a day on which the principal offices of Seller or Buyer are closed or become closed prior to 2:00 p.m. local time.
2011
Definitions
Business Day with respect to any action to be taken hereunder, a day other than a Saturday, Sunday or other day on which commercial banks in the jurisdiction where such action is required to be taken are authorized or required by law to close.
2011
Certain Definitions
"Business Day" means a day other than a Saturday, Sunday or other day on which commercial banks in New York, PRC, Hong Kong or the Cayman Islands are authorized or required by Law to close.
2012
Definitions
"Business Day" shall mean any day other than a Saturday or a Sunday or a day on which banking institutions in The City of New York or in Italy are authorized or obligated by law or executive order to close.
2012
Business Day
Business Day means any day other than a Saturday, a Sunday or a day on which commercial banks in New York, New York or Chicago, Illinois are required or authorized to be closed.
2013
Definitions
"Business Day" means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
2014
Definitions
"Business Day" means any day other than a Saturday, Sunday or other day on which commercial banks in Shanghai, Hong Kong or New York are authorized or required by law or executive order to close.
2014
Services Contract
Definition and Interpretation
Business Day means a day other than a Saturday, Sunday or statutory holiday on which the banks in New York, New York and Monaco are required to close.

(...) For the purpose of this paragraph, Business Day shall means a day on which banks in Toronto Canada are open for business.
2002
Loan Contract
Euro-Dollar Business Day
Euro-Dollar Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.
2001

Business Day shall mean any day other than a Saturday, Sunday or day on which banks in New York City are authorized or required by law to close; provided that when used in connection with the determination of a LIBOR Rate, the term “Business Day” shall also exclude any day on which banks are not open for dealings in Dollar deposits in the London interbank market.
2008
Business Day
Business Day means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed.
2008
Business Day
Business Day is any day that is not a Saturday, Sunday or a day on which Bank is closed.
2011
Business Day
Business Day is any day other than a Saturday, Sunday or other day on which banking institutions in the State of California are authorized or required by law or other governmental action to close, except that if any determination of a Business Day shall relate to a LIBOR Loan, the term Business Day shall also mean a day on which dealings are carried on in the London interbank market.
2012
Defined Terms
Business Day means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed.
2012
Business Day
The words "Business Day" mean a day on which commercial banks are open in the State of Florida.
2012
Business Day
Any day other than a Saturday, Sunday, or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the State of New York or the state where the Lender's lending office is located and if such day relates to any Eurodollar Rate Loan or any Base Rate Loan bearing interest at a rate based on the Eurodollar Base Rate, any such day that is also a London Banking Day.
2013
Bankruptcy Agreement
Definitions
Business Day means a period of eight (8) consecutive hours, beginning at 8:00 a.m., Central Clock Time (C.C.T.), on any day except Saturday, Sunday or federal bank holidays and ending at 4:00 p.m. (C.C.T.), on the same calendar day.
2000
Defined Terms
Business Day means any day, other than a Saturday, Sunday or legal holiday (as defined in Bankruptcy Rule 9006(a)).
2006
Asset Transfer Agreement

Unless otherwise stipulated herein, the following terms shall have the meaning set forth below (...) Business day, a day on which commercial banks are open for corporate business in the People's Republic of China (...)
2009
Asset Management Agreement
Certain Definitions
"Business Day" means any day of the year on which national banking institutions in New York are open to the public for conducting business and are not required or authorized to close.
2003
Merger Agreement
Certain Definitions
"Business Day" means any day except a Saturday, a Sunday or any other day on which commercial banks are required or authorized to close in the City of New York.
2013
Certain Definitions
Business Day means a day (a) other than Saturday or Sunday and (b) on which commercial banks are open for business in San Francisco, California.
2013
Effect of Merger - Definitions
Business Day(s)â shall mean each day that is not a Saturday, Sunday or holiday on which banking institutions located in New York, New York are authorized or obligated by Law or executive order to close.
2014
Joint Venture
Business Day
Business Day means a day that is not a Saturday, Sunday or other day on which commercial banking institutions in the State of New York are authorized or required by Applicable Law to be closed.
2005
Business Day
Business Day means each day other than a Saturday, Sunday or any day observed by the Federal, State of Nevada or local government in Las Vegas, Nevada as a legal holiday.
2007
Business Day
Business Day shall mean each day other than a Saturday, Sunday or any other day on which banking institutions in the State of New York are authorized or obligated by law or executive order to be closed.
2008
Lease Contract
Defined Terms
"Business Day" means a day (other than a Saturday or Sunday) on which banks are open for general business in London.
2010
2. Effectiveness of Communications
Sales & Purchase Contract
Miscellaneous
(...) Communications reaching the Buyer on a Saturday or Sunday or on an official holiday at the place of his business shall become effective on the next following working day (...)
Bankruptcy Agreement
Defined Terms
Business Day​ means any day, other than a Saturday, Sunday or legal holiday (as defined in Bankruptcy Rule 9006(a)).
2011
3. Non-Business Days
Sales & Purchase Contract
Business Days
If the last or appointed day for the taking of any action or the expiration of any right required or granted in this Agreement or any other Transaction Document is not a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day.
2014
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