Extension to Next Business Day. If any payment on any Loan becomes due and payable on a day other than a Business Day, the maturity thereof will be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 4 contracts
Samples: Credit Agreement (Sr Telecom Inc), Credit Agreement (Solo Cup CO), Credit Agreement (Sr Telecom Inc)
Extension to Next Business Day. If any payment on any Loan becomes due and payable on a day other than a Business Day, the maturity thereof will be extended to the next succeeding Business Day (except as set forth in the definition of LIBOR Period) and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate rate(s) during such extension.
Appears in 1 contract
Extension to Next Business Day. If any payment on any a Loan becomes due and payable on a day other than a Business Day, the maturity thereof will be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate rate(s) during such extension.
Appears in 1 contract
Samples: Credit Agreement (Clean Harbors Inc)
