Obligations Due on Non-Business Day. Whenever any payment under this Note becomes due and payable on a day that is not a Business Day, if no default then exists under this Note, the maturity of the payment shall be extended to the next succeeding Business Day, except, in the case of a Eurodollar Advance, if the result of the extension would be to extend the payment into another calendar month, the payment must be made on the immediately preceding Business Day.
Appears in 5 contracts
Samples: Note Modification Agreement (Flexsteel Industries Inc), Credit Facilities Amendment (Patrick Industries Inc), Credit Agreement (Taser International Inc)
Obligations Due on Non-Business Day. Whenever any payment under this Note note becomes due and payable on a day that is not a Business Day, if no event of default then exists under this Notehas occurred and is continuing, the maturity of the payment shall be extended to the next succeeding Business Day, except, in the case of a Eurodollar AdvanceLoan, if the result of the extension would be to extend the payment into another calendar month, the payment must be made on the immediately preceding Business Day.
Appears in 1 contract
Obligations Due on Non-Business Day. Whenever any payment under this Note becomes due and payable on a day that is not a Business Day, if no default then exists under this Note, the maturity of the payment shall be extended to the next succeeding Business Day, except, in the case of a Eurodollar SOFR Rate Advance, if the result of the extension would be to extend the payment into another calendar month, the payment must be made on the immediately preceding Business Day.
Appears in 1 contract
Samples: Line of Credit Note (Northern Technologies International Corp)
Obligations Due on Non-Business Day. Whenever any payment under this Note note becomes due and payable on a day that is not a Business Day, if no default then exists under this Noteevent of acceleration has occurred and is continuing, the maturity of the payment shall be extended to the next succeeding Business Day, except, in the case of a Eurodollar AdvanceLoan, if the result of the extension would be to extend the payment into another calendar month, the payment must be made on the immediately preceding Business Day.
Appears in 1 contract
Samples: Revolving Business Credit Note (American Medical Technologies Inc/De)
