Common use of Payment on Business Days Clause in Contracts

Payment on Business Days. Whenever in this Indenture any amount is required to be paid on a day that is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, on the Business Day immediately following such day.

Appears in 2 contracts

Samples: Indenture, Indenture

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Payment on Business Days. Whenever in this Indenture any amount is required to be paid on a day that which is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, made on the Business Day immediately following such day, provided that interest shall not accrue from and after such day.

Appears in 2 contracts

Samples: Trust Agreement, Escrow Deposit and Trust Agreement

Payment on Business Days. Whenever in this Indenture Loan Agreement any amount is required to be paid on a day that which is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, made on the Business Day immediately following such day, provided that interest on such payment shall not accrue from and after such day.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Payment on Business Days. Whenever in this Indenture Agreement any amount is required to be paid on a day that which is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, made on the Business Day immediately following such day, provided that interest shall not accrue from and after such day.

Appears in 1 contract

Samples: Paying Agent Agreement

Payment on Business Days. β€Œ Whenever in this Indenture Agreement any amount is required to be paid on a day that is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, made on the Business Day immediately following such dayday and no further interest shall accrue.

Appears in 1 contract

Samples: Installment Sale Agreement

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Payment on Business Days. Whenever in this Indenture any amount is required to be paid on a day that is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, on the Business Day immediately following such day.day.β€Œ

Appears in 1 contract

Samples: Indenture

Payment on Business Days. Whenever in this Indenture Agreement any amount is required to be paid on a day that is not a Business Day, such payment shall be required to be made, without accruing additional interest thereby, made on the Business Day immediately following such dayday and no further interest shall accrue.

Appears in 1 contract

Samples: Installment Sale Agreement

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