Common use of Actions on Days Other Than Business Days Clause in Contracts

Actions on Days Other Than Business Days. Except as otherwise specifically provided herein, where any payment is required to be made or any other action is required to be taken on a particular day and such day is not a Business Day and, as a result, such payment cannot be made or action cannot be taken on such day, then this Agreement shall be deemed to provide that such payment shall be made or such action shall be taken on the first Business Day after such day. If the payment of any amount is deferred for any period under this Section 1.12, then such period shall, unless otherwise provided herein, be included for purposes of the computation of any interest or fees payable hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Mohegan Tribal Gaming Authority), Credit Agreement (Mohegan Tribal Gaming Authority)

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Actions on Days Other Than Business Days. Except as otherwise specifically provided herein, where any payment is required to be made or any other action is required to be taken on a particular day and such day is not a Business Day and, as a result, such payment cannot be made or action cannot be taken on such day, then this Agreement shall will be deemed to provide that such payment shall will be made or such action shall will be taken on the first Business Day after such day. If the payment of any amount is deferred for any period under this Section 1.12section, then such period shallwill, unless otherwise provided herein, be included for purposes of the computation of any interest or fees payable hereunder.

Appears in 1 contract

Samples: Loan Agreement (Gerdau Ameristeel Corp)

Actions on Days Other Than Business Days. Except as otherwise specifically provided herein, where any payment is required to be made or any other action is required to be taken on a particular day and such day is not a Business Day and, as a result, such payment cannot be made or action cannot be taken on such day, then this Agreement shall be deemed to provide that such payment shall be made or such action shall be taken on the first last Business Day after preceding such day. If the payment of any amount is deferred for any period under this Section 1.12Section, then such period shall, unless otherwise provided herein, be included for purposes of the computation of any interest or fees payable hereunder.

Appears in 1 contract

Samples: Loan Agreement (Birch Mountain Resources LTD)

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Actions on Days Other Than Business Days. Except as otherwise specifically provided herein, where any payment is required to be made or any other action is required to be taken on a particular day and such day is not a Business Day and, as a result, such payment cannot be made or action cannot be taken on such day, then this Agreement shall will be deemed to provide that such payment shall will be made or such action shall will be taken on the first Business Day after such day. If the payment of any amount is deferred for any period under this Section 1.12Section, then such period shallwill, unless otherwise provided herein, be included for purposes of the computation of any interest or fees payable hereunder.

Appears in 1 contract

Samples: Loan Agreement (Brookfield Homes Corp)

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