Common use of Payment on Business Day Clause in Contracts

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date or maturity date, as the case may be.

Appears in 27 contracts

Samples: Amendment No. 11 to the Amended and Restated Base Indenture (Driven Brands Holdings Inc.), Amendment No. 9 to the Amended and Restated Base Indenture (Driven Brands Holdings Inc.), Base Indenture (Wendy's Co)

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Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 7 contracts

Samples: Indenture (loanDepot, Inc.), Indenture (loanDepot, Inc.), Indenture (loanDepot, Inc.)

Payment on Business Day. In any case where any Quarterly Payment Datepayment date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Datepayment date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Datepayment date, redemption date date, or maturity date, as the case may be.

Appears in 5 contracts

Samples: Third Amended and Restated Series 2004 1 Supplement (Vanguard Car Rental Group Inc.), Base Indenture (Vanguard Car Rental Group Inc.), Base Indenture (Vanguard Car Rental Group Inc.)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 5 contracts

Samples: Base Indenture (Enova International, Inc.), Base Indenture Amendment (On Deck Capital, Inc.), Base Indenture (On Deck Capital, Inc.)

Payment on Business Day. In any case where any Quarterly Payment Distribution Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Distribution Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Distribution Date, redemption date date, or maturity date, as the case may be.

Appears in 4 contracts

Samples: Base Indenture (PHH Corp), Base Indenture (Cendant Corp), Base Indenture (Avis Rent a Car Inc)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and prepayment premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 3 contracts

Samples: Indenture Agreement (Amerco /Nv/), Cargo Van/Pick Up Truck Base Indenture (Amerco /Nv/), Indenture Agreement (Amerco /Nv/)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Investor Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, . that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 3 contracts

Samples: Base Indenture (PHH Corp), Base Indenture (PHH Corp), Base Indenture (Goodyear Tire & Rubber Co /Oh/)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Investor Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, . that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 3 contracts

Samples: Base Indenture (PHH Corp), Base Indenture (Greyhound Funding LLC), Supplemental Indenture (Greyhound Funding LLC)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date or maturity date, as the case may be.

Appears in 3 contracts

Samples: Base Indenture (Sonic Corp), Base Indenture (Nuco2 Inc /Fl), Base Indenture (Sonic Corp)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Indenture Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, . that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 2 contracts

Samples: Base Indenture (Hertz Global Holdings Inc), Base Indenture (Hertz Global Holdings Inc)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, . that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 2 contracts

Samples: Base Indenture (Hertz Corp), Base Indenture (Hertz Global Holdings Inc)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Indenture Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, . that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 2 contracts

Samples: Base Indenture (Zipcar Inc), Base Indenture (Zipcar Inc)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Base Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, . that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 2 contracts

Samples: Base Indenture (Hertz Corp), Base Indenture (Hertz Global Holdings Inc)

Payment on Business Day. In any case where any Quarterly Payment Datepayment date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Datepayment date, redemption date date, or maturity date; providedPROVIDED, howeverHOWEVER, that no interest shall accrue for the period from and after such Quarterly Payment Datepayment date, redemption date date, or maturity date, as the case may be.

Appears in 1 contract

Samples: Base Indenture (Anc Rental Corp)

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Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Term Note or Subordinated Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 1 contract

Samples: Base Indenture (Accredited Home Lenders Holding Co)

Payment on Business Day. In any case where any Quarterly Payment Distribution Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the -92- 100 next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Distribution Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Dateredemption date, redemption date or maturity date, as the case may bebe to and including such next Business Day.

Appears in 1 contract

Samples: Base Indenture (Republic Industries Inc)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may bebe to and including such next succeeding Business Day.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Subordinated Note shall not be a Business Day, then (notwithstanding any other provision of the this Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 1 contract

Samples: Residential Mortgage Backed Subordinated Notes Indenture (New Century Financial Corp)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date or maturity date; provided, however, provided that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date or maturity date, as the case may be.

Appears in 1 contract

Samples: Base Indenture (Dine Brands Global, Inc.)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the this Base Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date date, or maturity date, as the case may be.

Appears in 1 contract

Samples: Base Indenture (Hertz Corp)

Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premiumClass A Make-Whole Prepayment Premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Date, redemption date or maturity date; provided, however, provided that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date or maturity date, as the case may be.

Appears in 1 contract

Samples: Base Indenture (SPRINT Corp)

Payment on Business Day. In any case where any Quarterly Payment Distribution Date, redemption date or maturity date of any Note shall not be a Business Day, then (notwithstanding Notwithstanding any other provision of the this Indenture) payment of interest or principal (and land premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day with the same force and effect as if made on the Quarterly Payment Distribution Date, redemption date date, or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Distribution Date, redemption date date, or maturity date, as the case may be.

Appears in 1 contract

Samples: Base Indenture (Team Rental Group Inc)

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