Common use of Other Payment Provisions Clause in Contracts

Other Payment Provisions. All payments of principal and interest hereunder shall be payable to the Holder in lawful money of the United States of America and in immediately available funds, not later than 5 p.m. eastern time on the date when due, without offset. Any payment coming due on a day which is not a business day shall be made on the next succeeding such business day, and any such extension of the time of payment shall be included in the computation of interest hereunder.

Appears in 2 contracts

Samples: Debenture (Devlieg Bullard Inc), Debenture (Devlieg Bullard Inc)

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Other Payment Provisions. All payments of principal and interest hereunder shall be payable to the Holder in lawful money of the United States of America and in immediately available funds, not later than 5 2 p.m. eastern time on the date when due, without offsetany offset or deduction whatsoever. Any payment coming due on a day which is not a business day within the District of Columbia shall be made on the next succeeding such business day, and any such extension of the time of payment shall be included in the computation of interest hereunder.

Appears in 1 contract

Samples: Senior Subordinated Note (Nobel Learning Communities Inc)

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Other Payment Provisions. All payments of principal and interest hereunder shall be payable to the Holder Lender in lawful money of the United States of America and in immediately available funds. All delivery of payments shall be made at the offices of Lender, or at such other place as Lender may designate in writing, not later than 5 2 p.m. eastern time on the date when due, without offset. Any payment coming due on a day which is not a business day Business Day, shall be made on the next succeeding such business dayBusiness Day, and any such extension of the time of payment shall be included in the computation of interest hereunderpayments.

Appears in 1 contract

Samples: Securities Exchange and Settlement Agreement

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