Common use of Non-Business Days Clause in Contracts

Non-Business Days. In any case where the date of payment of interest on or principal of the Debentures will be a day that is not a Business Day, the payment of such interest on or principal of the Debentures need not be made on such date but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for the period from and after such date.

Appears in 46 contracts

Samples: Indenture (Tib Financial Corp.), Indenture (ACA Capital Holdings Inc), Indenture (Southern Heritage Bancorp Inc)

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Non-Business Days. In any case where the date of payment of ------------------ interest on or principal of the Debentures will be a day that is not a Business Day, the payment of such interest on or principal of the Debentures need not be made on such date but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for the period from and after such date.

Appears in 3 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Florida Banks Inc), Indenture (Florida Banks Inc)

Non-Business Days. In any case where the date of payment of interest on or principal of the Debentures Debt Securities will be a day that is not a Business Day, the payment of such interest on or principal of the Debentures Debt Securities need not be made on such date but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for the period from and after such date.

Appears in 3 contracts

Samples: Indenture (Tib Financial Corp.), Indenture (Home Bancshares Inc), Indenture (First Community Bancorp /Ca/)

Non-Business Days. In any case where the date of payment of ----------------- interest on or principal of the Debentures will be a day that is not a Business Day, the payment of such interest on or principal of the Debentures need not be made on such date but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for the period from and after such date.

Appears in 3 contracts

Samples: Indenture (New South Bancshares Inc), Indenture (Alabama National Bancorporation), Indenture (Prosperity Bancshares Inc)

Non-Business Days. In any case where the date any Interest Payment Date, Redemption Date, or Stated Maturity of payment of interest on or principal of the Debentures will any Debenture shall not be a day that is not a Business Day, then (notwithstanding any other provision of this Indenture or the Debentures) payment of such interest on or principal of the Debentures need not be made payable on such date but may will be made on the next succeeding Business Day, except that, if such day that is a Business Day is (and without any interest or other payment in the next succeeding calendar year, respect of any such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the original date of payment, and no interest shall accrue for Interest Payment Date or Redemption Date or at the period from and after such dateStated Maturity.

Appears in 2 contracts

Samples: Indenture (United Rentals Inc /De), Indenture (Big Flower Holdings Inc)

Non-Business Days. In any case where the date of payment of interest on or principal of the Debentures will be a day that Debt Securities is not a Business Day, the payment of such interest on or principal of the Debentures Debt Securities need not be made on such date but may be made on the next succeeding Business Day, with the same force and effect as if made on the date of payment, except that, if such Business Day is in the next succeeding calendar year, such payment shall will be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for the period from and after such date.

Appears in 1 contract

Samples: Employment Agreement (Columbia Bancorp \Or\)

Non-Business Days. In any case where the date of payment of interest on or principal of the Debentures will any day which would otherwise be a day that is Payment Date shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of such principal of and interest on or principal of the Debentures such Note need not be made on such date date, but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for day that would otherwise have been the period from and after such datePayment Date.

Appears in 1 contract

Samples: Indenture (Impac Mortgage Holdings Inc)

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Non-Business Days. In If any case where date for the date of payment of principal or interest on or principal of the Debentures will be a day that Bonds is not a Business Day, the payment of such interest on or principal of the Debentures need not be made on such date but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, then such payment shall be made due on the immediately preceding first Business Day, in each case Day thereafter with the same force and effect as if made done on the original nominal date of paymentprovided herein, and no interest shall accrue for the period from and after such nominal date.

Appears in 1 contract

Samples: Trust Indenture

Non-Business Days. In any case where the date of payment of interest on or principal of the Debentures will be a day that is not a Business Day, the payment of such interest on or principal of the Debentures need not be made on such date but may be made on the next succeeding Business Day, except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the original date of payment, and no interest shall accrue for the period from and after such date.

Appears in 1 contract

Samples: Indenture (QCR Holdings Inc)

Non-Business Days. In any case where the date any Interest ----------------- Payment Date, Redemption Date, or Stated Maturity of payment of interest on or principal of the Debentures will any Debenture shall not be a day that is not a Business Day, then (notwithstanding any other provision of this Indenture or the Debentures) payment of such interest on or principal of the Debentures need not be made payable on such date but may will be made on the next succeeding Business Day, except that, if such day that is a Business Day is (and without any interest or other payment in the next succeeding calendar year, respect of any such payment shall be made on the immediately preceding Business Day, in each case delay) with the same force and effect as if made on the original date of payment, and no interest shall accrue for Interest Payment Date or Redemption Date or at the period from and after such dateStated Maturity.

Appears in 1 contract

Samples: Indenture (Alcoa Inc)

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