Common use of Delay of Payment when Payment Date is Not a Business Day Clause in Contracts

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 127 contracts

Samples: Indenture (Biora Therapeutics, Inc.), Indenture (Orthopediatrics Corp), Indenture (BigCommerce Holdings, Inc.)

AutoNDA by SimpleDocs

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place Place of payment Payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 21 contracts

Samples: Indenture (SMART Global Holdings, Inc.), Indenture (Vertex, Inc.), Indenture (Edgio, Inc.)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this the Indenture is not a Business Day, then, notwithstanding anything to the contrary in this the Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 12 contracts

Samples: First Supplemental Indenture (Nikola Corp), First Supplemental Indenture (Tilray Brands, Inc.), First Supplemental Indenture (Cheesecake Factory Inc)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a this Note as provided in this Indenture Note is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the NotesNote, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.

Appears in 9 contracts

Samples: Third Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.), Note Amendment (Velo3D, Inc.)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required obligated by law law, regulation or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 8 contracts

Samples: Indenture (Getaround, Inc), Convertible Note Subscription Agreement (InterPrivate II Acquisition Corp.), Indenture (Independence Contract Drilling, Inc.)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this the Indenture is not a Business Day, then, notwithstanding anything to the contrary in this the Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.

Appears in 7 contracts

Samples: Ninth Supplemental Indenture (Tellurian Inc. /De/), Eighth Supplemental Indenture (Tellurian Inc. /De/), Securities Purchase Agreement (Tellurian Inc. /De/)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law law, regulation or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 3 contracts

Samples: First Supplemental Indenture (Nogin, Inc.), Indenture (Nogin, Inc.), Indenture (Software Acquisition Group Inc. III)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.

Appears in 3 contracts

Samples: First Lien Indenture (Luminar Technologies, Inc./De), Indenture (Xeris Biopharma Holdings, Inc.), Indenture (Cryoport, Inc.)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a this Note as provided in this Indenture Note is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the NotesNote, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.

Appears in 2 contracts

Samples: Indenture (Tellurian Inc. /De/), Securities Purchase Agreement (Tellurian Inc. /De/)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note the Loan as provided in this Indenture these Terms and Conditions is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notesthese Terms and Conditions, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 2 contracts

Samples: Loan Agreement (Centogene N.V.), Loan Agreement (Centogene N.V.)

AutoNDA by SimpleDocs

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest Special Interest or Additional Interest, if any, will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 2 contracts

Samples: Indenture (Super Micro Computer, Inc.), Indenture (SoFi Technologies, Inc.)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this the Indenture is not a Business Day, then, notwithstanding anything to the contrary in this the Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.” ​ ​

Appears in 1 contract

Samples: Second Supplemental Indenture (Verastem, Inc.)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which (i) the applicable place Place of payment is Payment or (ii) banking institutions in the Cayman Islands are authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 1 contract

Samples: Indenture (LumiraDx LTD)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which commercial banks in the applicable place of payment is are authorized or required obligated by law law, regulation or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 1 contract

Samples: Indenture (TH International LTD)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a - 37 - payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

Appears in 1 contract

Samples: Second Lien Indenture (Luminar Technologies, Inc./De)

Delay of Payment when Payment Date is Not a Business Day. If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”notwithstanding

Appears in 1 contract

Samples: Indenture (Core Scientific, Inc./Tx)

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