Day not a Business Day. If any day on or before which any action or notice is required to be taken or given hereunder is not a Business Day, then such action or notice shall be required to be taken or given on or before the requisite time on the next succeeding day that is a Business Day.
Day not a Business Day. If any date on which a payment is to be made, notice given or other action taken hereunder is not a Business Day, then such payments, notice or other action shall be made, given or taken on the next succeeding business day in such place, and in the case of any payment, no interest shall accrue for the delay.
Day not a Business Day. Whenever any payment shall be due, any period of time shall begin or end, any calculation is to be made or any other action is to be taken on, or as of, or from a period ending on, a day other than a Business Day, such payment shall be made, such period of time shall begin or end, and such other actions shall be taken, as the case may be, on, or as of, or from a period ending on, the next succeeding Business Day.
Day not a Business Day. In the event that any day on which any amount is to be determined or any action is required to be taken hereunder is not a business day, then such amount shall be determined or such action shall be required to be taken at or before the requisite time on the next succeeding day that is a business day. This section 16.10 is not applicable to any distributions which are to be made hereunder on December 31.
Day not a Business Day. In the event that any day on which any action is required or permitted to be taken hereunder is not a Business Day, then such action shall be required or permitted to be taken on or before the requisite time on the next succeeding day that is a Business Day. For the purposes of this Agreement the term “Business Day” means any day other than a Saturday, a Sunday, or a statutory holiday in Toronto, Ontario.
Day not a Business Day. In any case where any Interest Payment Date, Redemption Date, Stated Maturity or other date for payment of any amount of interest, principal, premium or other amount, if any, with respect to the Notes shall not be a Business Day at the Place of Payment, then (notwithstanding any other provision of the Indenture or of the Notes) payment of interest or principal (and premium or other amounts, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Redemption Date, Stated Maturity or other payment date, as applicable, and no interest shall accrue with respect to such payment for the period from and after such Interest Payment Date, Redemption Date, Stated Maturity or other payment date, as applicable, to the next succeeding Business Day, and the Holder of such Note shall not be entitled to any additional interest or other payment in respect of the delay. If any day on which an amount is to be determined or an action is to be taken hereunder at a particular location is not a Business Day at such location, then such amount shall be determined or such action shall be taken at or before the requisite time on the next succeeding day that is a Business Day at such location.
Day not a Business Day. Whenever any step and/or action will be due, any period of time will begin or end, any calculation is to be made or any other action is to be taken on, or as of, or from a period ending on, a day other than a Business Day, such step and/or action will be made, such period of time will begin or end, and such other actions will be taken, as the case may be, on, or as of, or from a period ending on, the next succeeding Business Day.
Day not a Business Day. (a) Subject to paragraph (b) below, in the event that any day on or before which any action is required to be taken under this Note Indenture is not a business day, then such action shall be required to be taken on or before the requisite time on the next succeeding day that is a business day.
(b) In the event that any Interest Payment Date is not a business day, then payment of the interest payable on such Interest Payment Date will be made on the next succeeding day that is a business day (and without any interest or other payment in respect of any such delay) except that, if such next succeeding business day is in the next succeeding calendar year, then such payment shall be made on the business day immediately preceding such Interest Payment Date (and without any discount), in each case with the same force and effect as if made on such date.
Day not a Business Day. In the event that any day on or before which any action is required to be taken or any computation is required to be made hereunder is not a Business Day, then such action or computation shall be required to be taken or made on or before the requisite time on the first Business Day thereafter.
Day not a Business Day. Back to Contents
