Common use of Distributions on Non-Business Days Clause in Contracts

Distributions on Non-Business Days. Any payment or distribution due on a day other than a Business Day shall be made, without interest, on the next Business Day.

Appears in 5 contracts

Samples: Plan Support Agreement, Wind Down Entity and Distribution Agreement, Delta Petroleum General Recovery Trust Agreement (Par Petroleum Corp/Co)

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Distributions on Non-Business Days. Any payment or distribution Distribution due on a day other than a Business Day shall may be made, without interest, on the next Business Day.

Appears in 3 contracts

Samples: Restructuring Support Agreement (Broadview Networks Holdings Inc), Restructuring Support Agreement (Otelco Inc.), Restructuring Support Agreement (Broadview Networks Holdings Inc)

Distributions on Non-Business Days. Any payment or distribution due on a day other than a Business Day shall be made, without interest, on the next Business Day.

Appears in 2 contracts

Samples: Old PSG Wind Down Liquidation Trust Agreement, Liquidating Trust Agreement

Distributions on Non-Business Days. Any payment or distribution due on a day other than a Business Day shall be made, without interest, on the next Business Day. As used in this Agreement, the term “Business Day” shall mean any day other than a Saturday, Sunday, or any other day on which commercial banks in New York, New York are required or authorized to close by law or executive order.

Appears in 1 contract

Samples: Liquidating Trust Agreement

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Distributions on Non-Business Days. Any payment or distribution due on a day other than a Business Day business day shall be made, without interest, on the next Business Daybusiness day.

Appears in 1 contract

Samples: Liquidation Trust Agreement

Distributions on Non-Business Days. Any payment or distribution (f) due on a day other than a Business Day shall be made, without interest, on the next Business Day.

Appears in 1 contract

Samples: Plan Support Agreement

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