Common use of Payment on Business Day Clause in Contracts

Payment on Business Day. Notwithstanding anything to the contrary contained herein, if any date on which a payment becomes due hereunder is not a Business Day, then such payment may be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date.

Appears in 3 contracts

Samples: Management Services Agreement, Management Services Agreement (Textainer Group Holdings LTD), Management Agreement (CAI International, Inc.)

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Payment on Business Day. Notwithstanding anything to the contrary contained herein, if If any date on which a payment sum becomes due hereunder for payment under or pursuant to any Transaction Document on a day which is not a Business Day, then such payment may shall be made on the next succeeding Business Day with unless such next succeeding Business Day falls in the same force and effect as if following month in which event such sum shall be made on such scheduled datethe immediately preceding Business Day and all calculations of interest shall be adjusted accordingly.

Appears in 1 contract

Samples: Term Loan Agreement (Creative Technology LTD)

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