Banking Day. If any installment of principal or interest on the Note falls due on a day which is not a Banking Day, the due date shall be extended to the next succeeding Banking Day and such payment will be payable at the applicable rate of interest for the period of such extension.
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Samples: Credit Agreement (Next Inc/Tn), Credit and Security Agreement (Cohesant Technologies Inc), Credit and Security Agreement (Cohesant Technologies Inc)
Banking Day. If any installment of principal or interest on the Note Notes falls due on a day which is not a Banking Day, the due date shall be extended to the next succeeding Banking Day and such payment will be payable at the applicable rate of interest for the period of such extension.
Appears in 1 contract
Samples: Credit Agreement (Next Inc/Tn)
Banking Day. If Whenever any installment of principal or the interest on the Current Note falls becomes due and payable on a day which is not a Banking Day, the maturity or due date shall be extended to the next succeeding Banking Day and such payment will and, in the case of principal of the Current Note, interest shall be payable thereon at the applicable rate of interest for per annum specified in the period of Current Note during such extension.
Appears in 1 contract
Samples: Credit Agreement (Hei Inc)
Banking Day. If Whenever any installment of principal or the interest on the Note falls Notes becomes due and payable on a day which is not a Banking Day, the maturity or due date thereof shall be extended to the next succeeding Banking Day and such payment will and, in the case of principal of the Notes, interest shall be payable thereon at the applicable rate of interest for per annum specified in the period of Notes during such extension.
Appears in 1 contract
