Day of payment. Whenever any payment to be made in connection with the Line of Credit Note shall become due and payable on a day which is not a Business Day, such payment may be made on the next succeeding Business Day and, in the case of any payment of principal, such extension of time shall in such case be included in computing interest in such payment.
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Samples: Loan Agreement (Capital Properties Inc /Ri/), Loan Agreement (Capital Properties Inc /Ri/), Loan Agreement (Capital Properties Inc /Ri/)
Day of payment. Whenever any payment to be made in connection with hereunder or under the Line of Revolving Credit Note shall become due and payable on a day which is not a Business Daybusiness day, such payment may be made on the next succeeding Business Day business day and, in the case of any payment of principal, such extension of time shall in such case be included in computing interest in on such payment.
Appears in 2 contracts
Samples: Credit Agreement (Bacou Usa Inc), Credit Agreement (Bacou Usa Inc)
Day of payment. Whenever any payment to be made in connection with hereunder or under the Line of Credit Note shall become due and payable on a day which is not a Business Day, such payment may be made on the next succeeding Business Day and, in the case of any payment of principal, such extension of time shall in such case be included in computing interest in on such payment.
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Day of payment. Whenever any payment to be made in connection with the Line of Credit Note shall become due and payable on a day which is not a Business Day, such payment may be made on the next succeeding Business Day and, in the case of any payment of principal, such extension of time shall in such case be included in computing interest in such payment.
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