Common use of Payment on non-Business Day Clause in Contracts

Payment on non-Business Day. Except as otherwise provided in this Agreement, whenever any installment of principal of, or interest on, any Loan or any other Obligation becomes due and payable on a day that is not a Business Day, the due date 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 applicable rate for such Loan or other Obligation during such extension.

Payment on non-Business Day. Except as otherwise provided in this In the event that any payment of any principal, interest, fees or other amounts payable by Borrower under or pursuant to the Loan Agreement, whenever any installment of principal of, or interest on, any Loan or under any other Obligation becomes Loan Document shall become due and payable on a any day that which is not a Business Day, the such due date thereof shall be extended to the next succeeding Business Day andDay, in the case of any installment of principal, further provided that no interest shall be payable thereon at the applicable rate for such Loan or other Obligation accrue from and during any such extension.

Payment on non-Business Day. Except as otherwise provided in this AgreementIn the event that any payment of principal, whenever any installment of principal ofinterest, or interest on, any Loan fees or any other Obligation becomes amounts payable by Borrower under or pursuant to this Note shall become due and payable on a any day that which is not a Business Day, the such due date thereof shall be extended to the next succeeding Business Day andDay, in the case of without any installment of principal, additional interest shall be payable thereon at the applicable rate for accruing as to such Loan or other Obligation payment during any such extension.

Payment on non-Business Day. Except as otherwise provided in this Agreement, whenever any installment of principal of, or interest on, any Loan Advance or any other Obligation becomes due and payable on a day that which is not a Business Day, the due date 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 applicable rate for such Loan or other Obligation per annum determined in accordance with this Agreement during such extension.

Payment on non-Business Day. Except as otherwise provided in this AgreementIn the event that any payment of principal, whenever any installment of principal ofinterest, or interest on, any Loan fees or any other Obligation becomes amounts payable by Borrower under or pursuant to this Note shall become due and payable on a any day that which is not a Business Day, the such due date thereof shall be extended to the next succeeding Business Day andDay, without any additional interest accruing as to such payment during any such extension. Default. Upon the occurrence of an Event of Default (as defined in the case of any installment of Loan Agreement), all unpaid principal, accrued interest and other amounts owing hereunder shall be payable thereon at collectible by Lender pursuant to the applicable rate for such Loan or other Obligation during such extensionAgreement.