Adjustment of due dates. If any payment to be made to the Lender Finance Parties under any of the Security Documents, other than a payment of interest on the Loan (to which clause 6.7 applies), shall be due on a day which is not a Business Day, that payment shall be made on the next succeeding Business Day (unless the next succeeding Business Day falls in the next calendar Month in which event the payment shall be made on the next preceding Business Day). Any such variation of time shall be taken into account in computing any interest in respect of that payment.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Adjustment of due dates. If any payment or transfer of funds to be made to the Lender under a Finance Parties under any of the Security DocumentsDocument, other than a payment of interest on the Loan (to which clause 6.7 applies)Loan, shall be due on a day which is not a Business Day, that payment shall be made on the next succeeding Business Day (unless the next succeeding Business Day falls in the next calendar Month month in which event the payment shall be made on the next preceding Business Day). Any such variation of time shall be taken into account in computing any interest in respect of that payment.
Appears in 3 contracts
Samples: www.lw.com, Diana Shipping Inc., www.lw.com
Adjustment of due dates. If any payment or transfer of funds to be made to the Lender Finance Parties under any of the Security Documents, other than a payment of interest on the Loan (to which clause 6.7 applies)Loan, shall be due on a day which is not a Business Day, that payment shall be made on the next succeeding Business Day (unless the next succeeding Business Day falls in the next calendar Month month in which event the payment shall be made on the next preceding Business Day). Any such variation of time shall be taken into account in computing any interest in respect of that payment.
Appears in 2 contracts
Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc)
Adjustment of due dates. If any payment to be made to the Lender Finance Parties under any of the Security Documents, other than a payment of interest on the Loan (to which clause 6.7 applies)Facility, shall be due on a day which is not a Business Day, that payment shall be made on the next succeeding Business Day (unless the next succeeding Business Day falls in the next calendar Month month in which event the payment shall be made on the next preceding Business Day). Any such variation of time shall be taken into account in computing any interest in respect of that payment.
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