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 121 contracts

Samples: Indenture (Maxeon Solar Technologies, Ltd.), Indenture (Maxeon Solar Technologies, Ltd.), Supplemental Indenture (Maxeon Rooster HoldCo, Ltd.)

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 19 contracts

Samples: Indenture (Vertex, Inc.), Indenture (Edgio, Inc.), Indenture (SMART Global Holdings, 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: Indenture (Nikola Corp), Supplemental Indenture (Cheesecake Factory Inc), First Supplemental Indenture (Centennial Resource Development, 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 (Velo3D, Inc.), Second 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: Supplemental Indenture (Tellurian Inc. /De/), 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: 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 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.)

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: Super Micro Computer, Inc., 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 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.” Section 2.06.

Appears in 2 contracts

Samples: Peabody Energy Corp, Progress Software Corp /Ma

AutoNDA by SimpleDocs

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: Securities Purchase Agreement (Tellurian Inc. /De/), Indenture (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 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 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 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: 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 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: Indenture (Cryoport, 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 by law or executive order to close or be closed will be deemed not to be a “Business DaySection 2.06.

Appears in 1 contract

Samples: Xeris Biopharma Holdings, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.