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), Revolving 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 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 (Worldcom Inc /Ga/), Credit Agreement (Worldcom Inc /Ga/), Term Loan Agreement (Williams Companies 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 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: Revolving Credit Agreement (Logix Communications Enterprises Inc), Revolving Credit Agreement (Dobson Communications Corp), Credit Agreement (Dobson Sygnet Communications Co)
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 5 contracts
Samples: Credit Agreement (Protection One Alarm Monitoring Inc), Credit and Reimbursement Agreement (Centex Development Co Lp), 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 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: Day Revolving Credit Agreement (Worldcom Inc/ga//), 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-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: Pledge Agreement (Adelphia Communications Corp), NBPLP 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, 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: Credit Agreement (Dobson Communications Corp), Term Loan and Security Agreement (American Real Estate Partners L P)
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: Credit Agreement (Dutchess County Cellular Telephone Co Inc), Dobson 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, 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
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 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: Credit 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 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: Credit and Reimbursement Agreement (Flowserve 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.. 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-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, 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 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
Samples: Security Agreement (Azz 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 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 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-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
