Common use of Payment on Business Days Clause in Contracts

Payment on Business Days. If any payment date falls on a day that is not a Business Day, the required payment of principal and/or interest (including, without limitation, the Redemption Price, Purchase Price or Change of Control Purchase Price), as the case may be, shall be made on the next succeeding Business Day as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such payment date to the date of such payment on the next succeeding Business Day.

Payment on Business Days. If any payment date Interest Payment Date, a Redemption Date or the relevant Maturity Date falls on a day that is not a Business Day, the required payment of interest and/or principal and/or interest (including, without limitation, the Redemption Price, Purchase Price or Change of Control Purchase Price), as the case otherwise required to be paid on such day may be, shall be made on the next succeeding Business Day as if made on the date such payment was dueDay, and no interest will accrue on such payment shall accrue for the period from and after such payment date to the date of such payment on the such next succeeding Business Day. If a regular Record Date is not a Business Day, the Record Date shall not be affected.