Common use of Payment on Non-Business Day; Payment Computations Clause in Contracts

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, except for interest on Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365-day year.

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 on Eurodollar Advances, 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, except for . Computations of interest on Loans denominated in British Pounds Sterling which Floating Rate Advances due under this Agreement shall be calculated for actual days elapsed made on the basis of a 365-year of 365 or 366 days, as the case may be, for the actual number of days elapsed, including the first day yearbut excluding the last day of the relevant period.

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, except for provided that the computation of interest on Loans denominated in British Pounds Sterling which at the Adjusted Prime Rate and of commitment fees under Section 2.3(a) shall be calculated for actual days elapsed made on the basis of a 365-year of 365 days for the actual number of days elapsed, including the first day yearbut excluding the last day of the relevant period.

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, except for interest on Loans denominated in British Pounds Sterling or any other Optional Currency for which it is required or customary to calculate interest based on a 365-day year shall be calculated for actual days elapsed on the basis of a 365-day year.