Non-Business Day. (a) If any payment of principal or interest on any Domestic Rate Loan shall fall due on a day which is not a Business Day, interest at the rate such Loan bears for the period prior to maturity shall continue to accrue on such principal from the stated due date thereof to and including the next succeeding Business Day on which the same is payable.
Appears in 15 contracts
Samples: Credit Agreement (Sanderson Farms Inc), Credit Agreement (Sanderson Farms Inc), Credit Agreement (Sanderson Farms Inc)
Non-Business Day. (a) If any payment of principal or interest on any Domestic Rate Loan or Domestic Rate Portion shall fall due on a day which is not a Business Day, interest at the rate such Loan or Portion bears for the period prior to maturity shall continue to accrue on such principal from the stated due date thereof to and including the next succeeding Business Day on which the same is payable.
Appears in 1 contract
Samples: Sanderson Farms Inc
Non-Business Day. (a) If any payment of principal or interest on any Domestic Rate Loan shall fall due on a day which is not a Business Day, interest at the rate such Loan bears for the period prior to maturity shall continue to accrue on such principal from the stated due date thereof to and including the next succeeding Business Day on which the same is payable.
Appears in 1 contract
Samples: Credit Agreement (Alumax Inc)
Non-Business Day. (a) If any payment of principal or interest on any Domestic Rate Loan Portion shall fall due on a day which is not a Business Day, interest at the rate such Loan Portion bears for the period prior to maturity shall continue to accrue on such principal from the stated due date thereof to and including the next succeeding Business Day on which the same is payable.
Appears in 1 contract
Samples: Secured Term Credit Agreement (Pilgrims Pride Corp)
