definiens: and have the inclu sive meaning frequently identified with the phrases and ; 1.2.5 Unless otherwise specified, time periods within or following which any payment is to be made or act is to be done shall be calculated by excludi ng the day on which the period commences and includ ing the day on which the period ends and by extending t he period to the next business day following if the last day of the period is not a business day in the juri sdiction of the Party to make such payment or do su ch act ; 1.2.6 Whenever any payment is to be made or action to be taken under this Agreement is required to be made or taken on a day other than a business day, such payment shall be made or action taken on the next business day following such day to make such p ayment or do such act ; 1.2.7 The singular includes the plural and vice versa ex cept if the context is otherwise ; and 1.2.8 The word is used in the inclusive sense and i ncludes the conjunctive and disjunctive ( and/or )