Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan or any other amount due hereunder becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 14 contracts
Samples: Credit Agreement (National Wine & Spirits Inc), Credit Agreement (Standard Parking Corp), Credit Agreement (Hurco Companies Inc)
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan Advances outstanding hereunder or any other amount due hereunder hereunder, becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 10 contracts
Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Resources Inc)
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan outstanding hereunder or any other amount due hereunder hereunder, becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Barry R G Corp /Oh/), Credit Agreement (Petroleum Development Corp), Revolving Credit Agreement (Barry R G Corp /Oh/)
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contraryAgreement, whenever any installment of principal of, or interest on, any Loan Advance or any other amount due hereunder Obligation becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum Applicable Rate (or Default Rate if applicable), determined in accordance with this Agreement during such extension. Computations of interest interest, fees and other amounts due under this Agreement shall be made on the basis of a year of 360 days days, for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 2 contracts
Samples: Short Term Revolving Credit Agreement (Ag-Chem Equipment Co Inc), Short Term Revolving Credit Agreement (Ag-Chem Equipment Co Inc)
Payment on Non-Business Day; Payment Computations. Except as ------------------------------------------------- otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan outstanding hereunder or any other amount due hereunder hereunder, becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
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Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan Advance outstanding hereunder or any other amount due hereunder hereunder, becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 1 contract
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan or any other amount due hereunder becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations Except as otherwise provided in this Agreement to the contrary, computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
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Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contraryAgreement, whenever any installment of principal of, or interest on, any Loan or any other amount due hereunder Obligation becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement then Applicable Rate during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days days, for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 1 contract
Samples: Revolving Credit and Loan Agreement (Secom General Corp)
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to (including the contrarydefinition of Advance Period), whenever any installment of principal of, or interest on, any Loan Advance or any other amount due hereunder Obligation becomes due and payable on a day which that is not a Business Day, the maturity thereof shall will be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall will be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall will be made on the basis of a year of 360 days days, for the actual number of days elapsed, including the first day day, but excluding the last day of the relevant period.
Appears in 1 contract
Samples: Revolving Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever Whenever any installment of principal of, or interest on, any Loan the Outstanding Facilities, or any other amount due hereunder becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
Appears in 1 contract
Payment on Non-Business Day; Payment Computations. Except as otherwise provided in this Agreement to the contrary, whenever any installment of principal of, or interest on, any Loan outstanding hereunder or any other amount due hereunder becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension. Computations of interest and other amounts due under this Agreement shall be made on the basis of a year of 360 days for the actual number of days elapsed, including the first day but excluding the last day of the relevant period.
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