Business Day Payments. Whenever any payment is due on a day other --------------------- than a Business Day, such payment shall be made on the following Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be.
Appears in 2 contracts
Samples: Loan and Security Agreement (Pac-West Telecomm Inc), Loan and Security Agreement (Pac-West Telecomm Inc)
Business Day Payments. Whenever Except as otherwise provided herein in the case of a SOFR Advance, whenever any payment is hereunder shall be stated to be due on a day other --------------------- than a Business Day, such payment shall be made on the following next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be.
Appears in 1 contract
Business Day Payments. Whenever any payment is shall be stated to be due on a day other --------------------- than a Business Day, such payment shall be made on the following next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Loans to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.
Appears in 1 contract
Samples: Credit Agreement (Corpbanca/Fi)
