Common use of Holiday Payments Clause in Contracts

Holiday Payments. If any payment to be made by the Borrower hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 28 contracts

Samples: Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp)

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Holiday Payments. If any payment to be made by the Borrower Awardee hereunder shall become due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 8 contracts

Samples: Loan and Security Agreement, Grant and Security Agreement, Grant and Security Agreement

Holiday Payments. If any payment to be made by to the Borrower Lender hereunder shall become due on a day which is date not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time interest shall be included in computing accrue on any interest in respect principal amount of such paymentpayment until the date on which such principal amount is paid to the Lender.

Appears in 3 contracts

Samples: Loan Agreement (North American Technologies Group Inc /Mi/), Bridge Loan Agreement (VDC Corp LTD), Loan Agreement (North American Technologies Group Inc /Mi/)

Holiday Payments. If any payment payments to be made by the Borrower hereunder shall become due on a day which is date not a Business Day, such payment payments shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such paymentDay.

Appears in 3 contracts

Samples: Credit Agreement (Education Management Corporation), Credit Agreement (Education Management Corporation), Credit Agreement (Education Management Corporation)

Holiday Payments. If any payment to be made by the Borrower hereunder shall become due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 2 contracts

Samples: Loan Agreement, Loan and Security Agreement (Pegasus Communications Corp /)

Holiday Payments. If any payment to be made by the Borrower Company hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 1 contract

Samples: Loan Agreement (K-Sea Transportation Partners Lp)

Holiday Payments. If any payment to be made by the Borrower Awardees hereunder shall become due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 1 contract

Samples: Grant and Security Agreement

Holiday Payments. If any payment to be made by the Borrower ---------------- hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 1 contract

Samples: Loan Agreement (Emerging Communications Inc)

Holiday Payments. If any payment to be made by the Borrower hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest inte rest in respect of such payment.

Appears in 1 contract

Samples: Loan Agreement (Cap Rock Energy Corp)

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Holiday Payments. If Subject to Section 2.2 hereof, if any payment to be made by the Borrower Borrowers hereunder shall become due on a day which is not other than a Business Day, such payment shall be made on the next succeeding Business Day Day, and such extension of time shall be included in computing any the computation of interest in respect of such paymenthereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Gener8xion Entertainment, Inc.)

Holiday Payments. If any payment payments to be made by the Borrower hereunder shall become due on a day which is date not a Business Day, such payment payments shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 1 contract

Samples: Credit Agreement (Cooper Tire & Rubber Co)

Holiday Payments. If any payment to be made by Company hereunder or ---------------- under the Borrower hereunder Revolving Note shall become due on a day which is not other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 1 contract

Samples: Revolving Credit and Collateral Loan Agreement (Virtual Mortgage Network Inc)

Holiday Payments. If any payment to be made by the Borrower hereunder shall become due on a day which is not other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing any interest in respect of such payment.

Appears in 1 contract

Samples: Loan Agreement (Cap Rock Energy Corp)

Holiday Payments. If any payment to be made by the Borrower to Lender hereunder shall become due on a day which is date not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time interest shall be included in computing accrue on any interest in respect principal amount of such paymentpayment until the date on which such principal amount is paid to Lender.

Appears in 1 contract

Samples: Loan and Warrant Purchase Agreement (Best Software Inc)

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