Common use of Non-Business Day Clause in Contracts

Non-Business Day. If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not).

Appears in 38 contracts

Samples: Term Loan Facility (Flex LNG Ltd.), Senior Secured Term Loan Facility Agreement, Senior Secured Credit Facility Agreement

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Non-Business Day. If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not).. # 30 (30)

Appears in 1 contract

Samples: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)

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Non-Business Day. If an Interest Period would otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not).

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

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