Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 10 contracts
Samples: Term Loan and Note Purchase Agreement (Sun Healthcare Group Inc), Credit Agreement (Dobson Communications Corp), Revolving Credit Agreement (Northern Border Partners Lp)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, that if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 6 contracts
Samples: Exchange Agreement (Protection One Alarm Monitoring Inc), Credit Agreement (Centex Corp), Letter of Credit and Reimbursement Agreement (Centex Corp)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document Paper on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided thatPROVIDED THAT, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 6 contracts
Samples: Credit Agreement (Dobson Sygnet Communications Co), Revolving Credit Agreement (Dobson Communications Corp), Credit Agreement (Dobson Communications Corp)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document Paper on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, if in the case of any such payment in respect of a Eurodollar Rate Borrowing, Borrowing the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 6 contracts
Samples: Term Loan Agreement (Williams Companies Inc), Facility B Term Loan Agreement (Worldcom Inc /Ga/), Revolving Credit and Term Loan Agreement (Worldcom Inc /Ga/)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-next- succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Northern Border Partners Lp), Credit Agreement (Adelphia Communications Corp)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (American Real Estate Partners L P), Revolving Credit Agreement (Dobson Communications Corp)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document Paper on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is they are applicable until such payment is in fact made; provided thatPROVIDED THAT, if, if in the case of any such payment in respect of a Eurodollar Rate Borrowing, Borrowing the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Worldcom Inc/ga//), 364 Day Revolving Credit Agreement (Worldcom Inc/ga//)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided thatPROVIDED THAT, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Dobson Communications Corp), Credit Agreement (Dutchess County Cellular Telephone Co Inc)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, PROVIDED THAT if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Samples: Revolving Credit Agreement (Protection One Alarm Monitoring Inc)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document Paper on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, if in the case of any such payment in respect of a Eurodollar Rate Borrowing, Borrowing the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.. 57 FIRST AMENDED AND RESTATED TERM LOAN AGREEMENT
Appears in 1 contract
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-next- preceding Business Day.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Acx Technologies Inc)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, that if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.. CREDIT AGREEMENT
Appears in 1 contract
Samples: Credit Agreement (Centex Corp)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document Paper on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is they are applicable until such payment is in fact made; provided that, if, if in the case of any such payment in respect of a Eurodollar Rate Borrowing, Borrowing the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Samples: 364 Day Revolving Credit and Term Loan Agreement (Mci Worldcom Inc)
Nonbusiness Days. In any case where any Any payment or action that is due under any Loan ---------------- Document on a day which is not a non-Business Day, such payment or action Day may be delayed until the next-succeeding Business Day, Day (but interest and fees shall continue to accrue in respect of on any applicable payment to which it is applicable until such payment is in fact made; provided that, if, in ) unless the case of any such payment in respect of concerns a Eurodollar Euro-Rate Borrowing, in which case if the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Nonbusiness Days. In any case where any Any payment or action that is due under any Loan Document on a day which is not a non-Business Day, such payment or action Day may be delayed until the next-succeeding Business Day, Day (but interest and fees shall continue to accrue in respect of on any applicable payment to which it is applicable until such payment is in fact made; provided that, if, in ) unless the case of any such payment in respect of concerns a Eurodollar Rate Borrowing, in which case if the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Samples: Credit Agreement (Magnetek Inc)
Nonbusiness Days. In any case where any payment or action is due under any Loan Document Paper on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.. LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT 55
Appears in 1 contract
Samples: Letter of Credit and Reimbursement Agreement (Flowserve Corp)
Nonbusiness Days. In any case where any payment or action is due ---------------- under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-next- succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, that if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-next succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, in the case of any such payment in respect of a Eurodollar Rate Borrowing, the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
Nonbusiness Days. In any case where any payment or action is due under any Loan Document on a day which is not a Business Day, such payment or action may be delayed until the next-succeeding Business Day, but interest and fees shall continue to accrue in respect of any payment to which it is applicable until such payment is in fact made; provided that, if, if in the case of any such payment in respect of a Eurodollar Rate Borrowing, Borrowing the next-succeeding Business Day is in the next calendar month, then such payment shall be made on the next-preceding Business Day.
Appears in 1 contract
