Common use of PAYMENT DUE ON A NON-BUSINESS DAY Clause in Contracts

PAYMENT DUE ON A NON-BUSINESS DAY. If any payment of the Indebtedness falls due on a day other than a Business Day, then such due date shall be extended to the next succeeding Business Day.

Appears in 17 contracts

Samples: Loan and Security Agreement (CompuCredit Holdings Corp), Loan and Security Agreement (Carbiz Inc), Loan and Security Agreement (Carbiz Inc)

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PAYMENT DUE ON A NON-BUSINESS DAY. If any payment of the Indebtedness falls due on a day other than a Business Day, then such due date shall be extended to the next succeeding Business DayDay and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due.

Appears in 2 contracts

Samples: Loan and Security Agreement (Manchester Inc), Loan and Security Agreement (Manchester Inc)

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PAYMENT DUE ON A NON-BUSINESS DAY. If any payment of the Indebtedness Settlement Date falls due on a day other than a Business Day, then such due date shall be extended to the next succeeding Business Day.

Appears in 1 contract

Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc)

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