Common use of Payment Due on Clause in Contracts

Payment Due on. a Day Other than a Business Day. If any payment due or action to be taken under this Agreement or any other Loan Document falls due or is required to be taken on a day that is not a Business Day, such payment or action shall be made or taken on the next succeeding Business Day when the Bank is open for business and such extended time shall be included in the computation of interest.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Premier Research Worldwide LTD), Revolving Credit Agreement (Leak X Environmental Corporation)

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Payment Due on. a Day Other than a Business Day. If any payment due or action to be taken under this Agreement Note or any other Loan Document falls due or is required to be taken on a day that the Bank is not a Business Dayopen for business, such payment or action shall be made or taken on the next succeeding Business Day day when the Bank is open for business and such extended time shall be included in the computation of interest.

Appears in 1 contract

Samples: Term Note (Jones Apparel Group Inc)

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Payment Due on. a Day Other than a Business Day. If any payment due or action to be taken under this Agreement or any other Loan Document falls due or is required to be taken on a day that the Bank is not a Business Dayopen for business, such payment or action shall be made or taken on the next succeeding Business Day day when the Bank is open for business and such extended time shall be included in the computation of interest.

Appears in 1 contract

Samples: Term Loan Agreement (SBM Industries Inc)

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