Common use of Payment on Non-Banking Days Clause in Contracts

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may be.

Appears in 88 contracts

Samples: And Security Agreement (Hc2 Holdings, Inc.), Security Agreement and Fixture Filing (HC2 Holdings, Inc.), Credit and Security Agreement (Corsair Components, Inc.)

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Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may shall be made on the next succeeding following Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may beinterest.

Appears in 6 contracts

Samples: Loan and Security Agreement (Emergent Group Inc), Loan and Security Agreement (Emergent Group Inc), Loan and Security Agreement (Emergent Group Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder or under the Notes shall be stated to be due on a day which is not other than a Banking Day, such payment may shall be made on the next succeeding Banking Day, Day and such extension of time shall in such case be included in the computation of payment of interest on hereunder or under the Advances Notes or the fees Commitment Fees hereunder, as the case may be.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Max & Ermas Restaurants Inc), Revolving Credit Agreement (Max & Ermas Restaurants Inc), Revolving Credit Agreement (Max & Ermas Restaurants Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Revolving Advances or the fees hereunder, as the case may be.

Appears in 3 contracts

Samples: Credit and Security Agreement (Infotech Usa Inc), Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Dynamic Materials Corp)

Payment on Non-Banking Days. Whenever any payment to be made hereunder or under the Note shall be stated to be due on a day which is not other than a Banking Day, such payment may shall be made on the next succeeding Banking Day, Day and such extension of time shall in such case be included in the computation of payment of interest on hereunder or under the Advances Note or the fees Commitment Fees hereunder, as the case may be.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Max & Ermas Restaurants Inc), Revolving Credit Agreement (Max & Ermas Restaurants Inc)

Payment on Non-Banking Days. Whenever any payment to --------------------------- be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may be.

Appears in 2 contracts

Samples: Credit and Security Agreement (Data National Corp), Credit and Security Agreement (Bentley International Inc)

Payment on Non-Banking Days. Whenever any payment to be ---------------------------- made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may be.

Appears in 2 contracts

Samples: Credit and Security Agreement (Act Teleconferencing Inc), Credit and Security Agreement (Rockshox Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances and the Term Loan or the fees hereunder, as the case may be.

Appears in 2 contracts

Samples: Credit and Security Agreement (Royal Grip Inc), Credit and Security Agreement (Stocker & Yale Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunderAdvances, as the case may be.

Appears in 2 contracts

Samples: Credit and Security Agreement (PetroHunter Energy Corp), Credit and Security Agreement (PetroHunter Energy Corp)

Payment on Non-Banking Days. Whenever any payment to be made hereunder under this Agreement and the Note shall be stated to be due on a day which is not other than a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of payment of fees, if any, and interest on under this Agreement and the Advances or the fees hereunder, as the case may beNote.

Appears in 2 contracts

Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may bemaybe.

Appears in 2 contracts

Samples: Credit and Security Agreement (Rmed International Inc), Credit and Security Agreement (Rmed International Inc)

Payment on Non-Banking Days. Whenever Subject to the provisions of Section 1.6.1(g), whenever any payment to be made hereunder shall be stated to be due on a day which is not other than a Banking Day, such payment may shall be made on the next succeeding Banking Day, Day and such extension of time shall in such case be included in the computation of payment of interest on the Advances hereunder or the fees Commitment Fees hereunder, as the case may be.

Appears in 1 contract

Samples: Security Agreement (Drug Emporium Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder under --------------------------- the Note shall be stated to be due on a day which is not a Banking Day, such payment may shall be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on hereunder or under the Advances or the fees hereunderNote, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Tie Acquisition Co)

Payment on Non-Banking Days. Whenever any payment to be --------------------------- made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Revolving Advances or the fees hereunder, as the case may be.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may beAdvances.

Appears in 1 contract

Samples: Credit and Security Agreement (Schuff Acquisition Corp.)

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Payment on Non-Banking Days. Whenever any payment to be made hereunder under this Agreement or the other Loan Documents shall be stated to be due on a day which is not other than a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of payment of fees, if any, and interest on under this Agreement and the Advances or the fees hereunder, as the case may beother Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (First Internet Bancorp)

Payment on Non-Banking Days. Whenever any payment to be made hereunder --------------------------- pursuant to this Agreement or the Note or the other Loan Documents shall be stated to be due on a day which that is not a Banking Day, such payment may shall be due and made on the next succeeding Banking Day, Day and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereundercomputing interest, as the case may beif any, in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit, Security and Guaranty Agreement (Concorde Career Colleges Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder under this Agreement or under the Revolving Notes shall be stated to be due on a day which is not other than a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of payment of fees, if any, and interest on under this Agreement and under the Advances or the fees hereunder, as the case may beRevolving Notes.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder or under the Notes or any other Purchaser Document shall be stated to be due on a day which is not other than a Banking Day, such payment may shall be made on the next succeeding Banking Day, Day and such extension of time shall in such case be included in the computation of payment of interest on hereunder or under the Advances or the fees Notes hereunder, as the case may be.

Appears in 1 contract

Samples: Note Purchase Agreement (Max & Ermas Restaurants Inc)

Payment on Non-Banking Days. Whenever Except as expressly set forth herein to the contrary, whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may shall be made on the next succeeding following Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may beinterest.

Appears in 1 contract

Samples: Loan and Security Agreement (Homegold Financial Inc)

Payment on Non-Banking Days. Whenever any payment to be made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may be.. Section 1.19

Appears in 1 contract

Samples: Credit and Security Agreement

Payment on Non-Banking Days. Whenever any payment to be made hereunder under this Agreement or under any of the Notes shall be stated to be due on a day which is not other than a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of payment of fees, if any, and interest on the Advances or the fees hereunder, as the case may beunder this Agreement and under such Note.

Appears in 1 contract

Samples: Credit Agreement (Valley National Gases Inc)

Payment on Non-Banking Days. Whenever any payment to be --------------------------- made hereunder shall be stated to be due on a day which is not a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may be.

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

Payment on Non-Banking Days. Whenever any payment to be made to the Bank hereunder or under the Note shall be stated to be due on a day which is not a Banking Day (or, in the case of any payment with respect to a Eurodollar Rate Advance, a Eurodollar Banking Day), such payment may shall be made on the next succeeding Banking Day (or Eurodollar Banking Day), and interest payable on each such date shall include the amount thereof which shall accrue during the period of such extension of time shall in such case be included in the computation of interest on the Advances or the fees hereunder, as the case may betime.

Appears in 1 contract

Samples: Revolving and Term Loan Agreement (CTC Communications Corp)

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