Common use of Business Days Clause in Contracts

Business Days. Whenever any payment shall be due under this Note on a day which is not a Business Day, the date on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then payable.

Appears in 14 contracts

Samples: Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust)

AutoNDA by SimpleDocs

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 11 contracts

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.), 364 Day Credit Agreement (Stanley Black & Decker, Inc.), 364 Day Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever If the date for any payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of this Agreement the date on which such payment is due same shall be extended deemed to have fallen on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payableor commission, as the case may be.

Appears in 8 contracts

Samples: Letter of Credit, Reimbursement and Guaranty Agreement (Circor International Inc), Letter of Credit, Reimbursement and Guaranty Agreement (Circor International Inc), Letter of Credit and Reimbursement Agreement (Lunn Industries Inc /De/)

Business Days. Whenever any payment to be made hereunder shall be stated to be due under this Note on a day which that is not a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the amount payment of interest then payablehereunder.

Appears in 7 contracts

Samples: Credit and Security Agreement (Transphorm, Inc.), Credit Agreement (Esports Technologies, Inc.), Credit Agreement (XINHUA SPORTS & ENTERTAINMENT LTD)

Business Days. Whenever If the date for any payment, prepayment, Periodic Reduction, or fee payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of this Agreement (unless otherwise provided herein) the date on which such payment is due same shall be extended deemed to have fallen on the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payableinterest.

Appears in 6 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor facility fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 6 contracts

Samples: 364 Day Credit Agreement (Stanley Works), Facility B (Five Year) Credit Agreement (Stanley Works), Facility a (364 Day) Credit Agreement (Stanley Works)

Business Days. Whenever If the date for any payment shall be due under this Note Agreement falls on a day which that is not a Business Day, then for all purposes of the date on which such payment is due Notes and this Agreement the same shall be extended deemed to have fallen on either (a) the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest and fees or (b) if the next following Business Day is in another calendar month and payment is being made with respect to a Eurodollar Advance, then payableon the immediately previous Business Day.

Appears in 6 contracts

Samples: Loan Agreement, Securitization Agreement, Loan Agreement (Lennar Corp /New/)

Business Days. Whenever If this Note or any payment shall be hereunder becomes due under this Note on a day which is not a Business Day, the due date on which such of this Note or payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of computing interest then payableand fees in connection with such payment.

Appears in 5 contracts

Samples: Revolving Line Note (Document Security Systems Inc), Acquisition Term Loan Note (Document Security Systems Inc), Credit Facility Agreement (Document Security Systems Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of the amount any payment of default interest then payableor fees.

Appears in 4 contracts

Samples: Facility Agreement (ACE LTD), Facility Agreement (ACE LTD), Facility Agreement (ACE LTD)

Business Days. Whenever any payment to be made hereunder or under any Note shall be due under this Note on a day which is not a Business Day, the due date on which such payment is due thereof shall be extended to the next succeeding Business Day, and provided, that should such extension of time next succeeding Business Day fall in the next calendar month, such due date shall be included in the computation of the amount of interest then payableimmediately preceding Business Day.

Appears in 4 contracts

Samples: Financing Agreement (Nortel Networks LTD), Financing Agreement (Impsat Fiber Networks Inc), Financing Agreement (Impsat Fiber Networks Inc)

Business Days. Whenever any payment shall be hereunder or with respect to the Loan is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall will be extended to made on the next succeeding Business Day, and such extension of time shall will in such case be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 4 contracts

Samples: Secured Revolving Credit Loan Agreement (Owens Realty Mortgage, Inc.), Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes), Borrowing Base Revolving Line of Credit Agreement (William Lyon Homes)

Business Days. Whenever If any payment under this Agreement or any Note shall be due under this Note on specified to be made upon a day which is not a Business Day, the date on which such payment is due it shall be extended to made on the next succeeding day which is a Business Day, Day and such extension of time shall in such case be included in the computation of the amount of computing any interest then payableif payable along with such payment.

Appears in 4 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

Business Days. Whenever If any Obligation or any payment shall be hereunder becomes due under this Note on a day which is not a Business Day, the due date on which such of the Obligation or payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of computing interest then payableand fees in connection with such payment.

Appears in 3 contracts

Samples: Credit Facility Agreement (Document Security Systems Inc), Credit Facility Agreement (Document Security Systems Inc), Credit Facility Agreement (Graham Corp)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, facility fee or utilization fee, as the amount case may be; provided that if such extension would cause payment of interest then payableon or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Stanley Works), Credit Agreement (Stanley Works), Credit Agreement (Stanley Works)

Business Days. Whenever any payment to be made hereunder or under any Note shall be due under this Note on a day which is not a Business Day, the due date on which such payment is due thereof shall be extended to the next succeeding Business Day, and provided that should such extension of time next succeeding Business Day fall in the next calendar month, such due date shall be included in the computation of the amount of interest then payableimmediately preceding Business Day.

Appears in 3 contracts

Samples: Financing Agreement (Impsat Fiber Networks Inc), Accounts Payable Financing Agreement (Nortel Networks Corp), Financing Agreement (Impsat Fiber Networks Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the amount case may be; subject to the provisions set forth in the definition of interest then payable"Interest Period."

Appears in 3 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Business Days. Whenever If the date for any payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of this Agreement the date same will be deemed to have fallen on which such payment is due shall be extended to the next succeeding following Business Day, and such extension of time shall will in such case be included in the computation of payments of interest, fees or other charges, as the amount of interest then payablecase may be.

Appears in 3 contracts

Samples: Credit Agreement (General Communication Inc), Credit Agreement (General Communication Inc), Credit Agreement (Gci Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the amount case may be; subject to the provisions set forth in the definition of interest then payable"Interest Period".

Appears in 2 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Revolving Credit Agreement (Apartment Investment & Management Co)

Business Days. Whenever any payment or other Secured Indebtedness hereunder or under any Note shall be become due under this Note on a day which that is not a Business Day, the due date on which such payment is due therefor shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then payable.

Appears in 2 contracts

Samples: Loan and Security Agreement (Exabyte Corp /De/), Loan and Security Agreement (Exabyte Corp /De/)

Business Days. Whenever If the date for any payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of the date on which such payment is due Note and this Agreement the same shall be extended deemed to have fallen on the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payablefees and interest.

Appears in 2 contracts

Samples: Credit Agreement (Cameron Ashley Building Products Inc), Credit Agreement (Cameron Ashley Building Products Inc)

Business Days. Whenever any payment to be made hereunder shall be stated to be due under this Note on a day which that is not a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, Day (subject to the definition of Interest Period) and such extension of time shall be included in the computation of the amount payment of interest then payablehereunder.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Mediabay Inc)

Business Days. Whenever any payment shall be due under this Note Agreement becomes due on a day which is not other than a Business Day, the date payment will be made on which such payment is due shall be extended to the next succeeding Business Day, and such the extension of time shall be included in the computation of interest or fees, as applicable; subject to the amount of interest then payableprovisions set forth in the defined term Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Business Days. Whenever If the date for any payment shall be due under this Note on hereunder is a day which is not a Business Day, then for all purposes of this Reimbursement Agreement the date on which such payment is then due shall be extended to made on the next succeeding following Business Day, and such extension of time shall in each case be included in the any computation of the amount payments of interest then payableinterest.

Appears in 2 contracts

Samples: Reimbursement Agreement (Human Genome Sciences Inc), Reimbursement Agreement (Human Genome Sciences Inc)

Business Days. Whenever any payment shall be hereunder or under the Note is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall will be extended to made on the next succeeding Business Day, and such extension of time shall will in such case be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 2 contracts

Samples: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc), Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)

Business Days. Whenever If any payment shall be due or performance of any of the obligations under this Note Agreement or any of the other Loan Documents becomes due on a day which is not other than a Business Day, the due date on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time interest thereon (if applicable) shall be included in payable at the computation of the amount of interest then payableapplicable rate during such extension.

Appears in 2 contracts

Samples: Loan Agreement (Hanover Marriott Limited Partnership), Loan Agreement (Desert Springs Marriott Limited Partnership)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableinterest.

Appears in 1 contract

Samples: Loan Agreement (Florida Panthers Holdings Inc)

Business Days. PAYMENT ON NON-BUSINESS DAYS Whenever any payment to be made under this Agreement shall be stated to be due under this Note on a day which is not a Business Day, the date on which such payment is due shall be extended to made on the next succeeding day which is a Business Day, and such extension of time shall in such case be included in the computation of interest payable on the amount of interest then payableapplicable Loan.

Appears in 1 contract

Samples: Shareholder Loan Agreement (WSP Holdings LTD)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payable.or commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. FIVE YEAR CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever If the date for any loan payment shall be due under this Note or fee payment hereunder falls on a day which is not a Business Day, then for all purposes for the date on which such payment is due Note and this Agreement the same shall be extended deemed to have fallen on the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payableor fees, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Woodhaven Homes Inc)

AutoNDA by SimpleDocs

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payable.or commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Term SOFR Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 364-DAY CREDIT AGREEMENT

Appears in 1 contract

Samples: 364 Day Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever If the due date of any payment shall be due under this Note hereunder would otherwise fall on a day which is not a Business Day, the date on which then such payment is due shall be extended to due on the next succeeding Business Day, Day and such extension of time interest shall be included in payable on the computation of the principal amount of interest then payablesuch payment for the period of such extension.

Appears in 1 contract

Samples: Settlement Agreement (Ahl Services Inc)

Business Days. Whenever If any payment shall be due amount payable under this Note is due on a day which that is not a Business Day, the date on which such payment is due amount shall be extended to due on the next succeeding such Business Day, Day and such extension of time shall be included taken into account in the computation of calculating the amount of interest then payablepayable under this Note.

Appears in 1 contract

Samples: Patent Sale Agreement (BLACKBERRY LTD)

Business Days. Whenever any payment of principal or interest under this Swing Line Note shall be due under this Note on a day which is not a Business Day, the date on which such for payment is due thereof shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then due and payable.

Appears in 1 contract

Samples: Credit Agreement (Eagle Usa Airfreight Inc)

Business Days. Whenever If any amount becomes due for payment shall be due under this Note a Finance Document on a day which is not a Business Day, it shall (except to the date extent otherwise provided in this agreement) be paid on which such payment is due the next following Business Day and any interest shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then payableadjusted accordingly.

Appears in 1 contract

Samples: Facilities Agreement (Alignvest Acquisition Corp)

Business Days. Whenever If any date on which payment shall is scheduled to be due under this Note on a day which made is not a Business Day, the date payment will be made on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount payment of interest then payablehereunder.

Appears in 1 contract

Samples: Investment Agreement (Lombard Medical, Inc.)

Business Days. Whenever If the date for any payment shall be due under this Note on hereunder is a day which is not a Business Day, then for all purposes of this Letter of Credit Agreement, the date on which such payment is then due shall be extended to made on the next succeeding following Business Day, and such extension of time shall in each case be included in the any computation of the amount payments of interest then payableinterest.

Appears in 1 contract

Samples: Letter of Credit Agreement (Avalon Pharmaceuticals Inc)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency RateTerm SOFR Advances or XXXXXXX Advances 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 (Stanley Black & Decker, Inc.)

Business Days. Whenever Unless expressly stated otherwise, any payment shall which would otherwise be due under this Note on a day which is not a Business Day, the date on which such payment is due Day shall be extended to due on the next succeeding Business Day, and . During any such extension of time the due date for the payment of any sum, interest shall be included in payable on that sum at the computation of rate applicable before the amount of interest then payableoriginal due date.

Appears in 1 contract

Samples: Intra Group Loan Agreement

Business Days. Whenever If any payment shall be due under of principal or interest on this Note shall become due on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the amount of computing interest then payablein connection with such payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Harvest Natural Resources, Inc.)

Business Days. Whenever any payment hereunder shall be become due under this Note and ------------- payable on a day which is not a Business Day, the date on which such payment is due shall may be extended to made on the next succeeding Business Day, Day and such extension of time shall in such case be included in the computation of the amount of computing interest then payablein connection with such payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Mastech Corp)

Business Days. Whenever any payment shall be hereunder or under the Notes is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall will be extended to made on the next succeeding Business Day, and such extension of time shall will in such case be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 1 contract

Samples: Udc Master Revolving Line of Credit Loan Agreement (Borrowing Base) (Udc Homes Inc)

Business Days. Whenever any payment shall be is due under this Note on a day which is not a Business Day, the date on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included including in the computation of the amount of computing interest then payableand fees in connection with such payment.

Appears in 1 contract

Samples: Credit Facility Agreement (Graham Corp)

Business Days. Whenever any payment of principal or interest under this Note shall be due under this Note on a day which is not a Business Day, the date on which such for payment is due thereof shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then due and payable.

Appears in 1 contract

Samples: Revolving Loan Agreement (American Residential Services Inc)

Business Days. Whenever any payment to be made hereunder or under the Notes shall be stated to be due under this Note on a any day which is not other than a Business Day, the date on which then, except as otherwise provided in Section 2.4 hereof, such payment is due shall be extended to made on the next succeeding Business Day, Day and such extension of time shall in such case be included in the computation of the amount payment of interest then payable(or commitment fee).

Appears in 1 contract

Samples: Credit Agreement (Careadvantage Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of the amount 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 Eurocurrency Rate Advances to be made in the next following calendar month, then payablesuch payment shall be made on the next preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Murphy Oil Corp /De)

Business Days. etc. Whenever any payment shall be or other obligation hereunder or under any of the Notes or Loan Documents is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to paid or performed on the Business Day next succeeding Business Dayfollowing the prescribed due date, and such extension of time shall be included in the computation of the amount of interest then payableand charges.

Appears in 1 contract

Samples: Loan and Security Agreement (Sjit Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Trust, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!