Common use of Extension of Payment Date Clause in Contracts

Extension of Payment Date. If this Note becomes due and payable on a Saturday, Sunday or other day on which banks in the State of New York are authorized to remain closed, the due date hereof shall be extended to the next succeeding full Business Day. “Business DayÓ shall mean a day other than a Saturday, Sunday or other day on which banks in the State of New York are authorized by law to remain closed. All payments received by the Holder shall be applied first to the payment of all accrued interest payable hereunder.

Extension of Payment Date. If this Note Debenture or any installment hereof becomes due and payable on a Saturday, Sunday or other day on which banks in the State state of New York are authorized to remain closed, the due date hereof shall be extended to the next succeeding full Business Day. “Business DayÓ shall mean a day other than a Saturday, Sunday or other day on which banks Day (as defined in the State of New York are authorized by law to remain closedSection 3.1 hereof). All payments received by the Holder shall be applied first to the payment of all accrued interest payable hereunder.

Extension of Payment Date. If this Note Debenture or any installment hereof becomes due and payable on a Saturday, Sunday or other day on which banks in the State of New York are authorized to remain closed, the due date hereof shall be extended to the next succeeding full Business Day. “Business DayÓ shall mean a day other than a Saturday, Sunday or other day on which banks Day (as defined in the State of New York are authorized by law to remain closedSection 4.1 hereof). All payments received by the Holder shall be applied first to the payment of all accrued interest payable hereunder.

Extension of Payment Date. If this Note becomes due and payable on a Saturday, Sunday or other day on which banks in the State of New York are authorized to remain closed, the due date hereof shall be extended to the next succeeding full Business Day. “Business DayÓ Day” shall mean a day other than a Saturday, Sunday or other day on which banks in the State of New York are authorized by law to remain closed. All payments received by the Holder shall be applied first to the payment of all accrued interest payable hereunder.

Extension of Payment Date. If this Note becomes due and payable on a Saturday, Sunday or other day on which banks in the State of New York are authorized to remain closed, the due date hereof shall be extended to the next succeeding full Business Day. “Business DayÓ Day" shall mean a day other than a Saturday, Sunday or other day on which banks in the State of New York are authorized by law to remain closed. All payments received by the Holder shall be applied first to the payment of all accrued interest payable hereunder.