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

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

Appears in 5 contracts

Samples: Loan Agreement (International Absorbents Inc), Lease Agreement (MGP Ingredients Inc), Loan Agreement (Pharmaceutical Resources Inc)

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Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Note shall be stated to be due on a day which is not a Business Day, such payment may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension of time shall in such case be included in the computation of interest or the fees hereunder, as the case may beextension.

Appears in 4 contracts

Samples: Bridge Loan Agreement (Raser Technologies Inc), Loan Agreement (Decode Genetics Inc), Credit Agreement (Cgen Digital Media Co LTD)

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

Appears in 4 contracts

Samples: Credit and Loan Agreement (Kos Pharmaceuticals Inc), Credit and Loan Agreement (Kos Pharmaceuticals Inc), Credit and Loan Agreement (Kos Pharmaceuticals Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Term Note shall be stated to be due on a day which is not Saturday, Sunday or a Business Daypublic holiday, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest hereunder or under the fees hereunder, as the case may beTerm Note.

Appears in 4 contracts

Samples: Term Loan Agreement (Adcare Health Systems Inc), Term Loan Agreement (Adcare Health Systems Inc), Term Loan Agreement (Cyanotech Corp)

Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made hereunder or under on the Bond indebtednesses evidenced by the Notes shall be stated to be fall due on a day which is not a Business Day, such payment may shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or the fees hereunder, as the case may be.

Appears in 4 contracts

Samples: Loan Agreement (Direct General Corp), Loan Agreement (Direct General Corp), Loan Agreement (Direct General Corp)

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

Appears in 3 contracts

Samples: Credit Agreement (Sensient Technologies Corp), Credit Agreement (Sensient Technologies Corp), Credit Agreement (Sensient Technologies Corp)

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

Appears in 3 contracts

Samples: Loan Agreement (Martha Stewart Living Omnimedia Inc), Loan Agreement (Martha Stewart Living Omnimedia Inc), Loan Agreement (Martha Stewart Living Omnimedia Inc)

Payment on Non-Business Days. Whenever any payment to be made ---------------------------- hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may be made on the next succeeding Business Day, and provided however that such extension of time shall in such case be included in the computation of interest due in conjunction with such payment or the other fees due hereunder, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Merkert American Corp), Credit Agreement (Marketing Specialists Corp), Credit Agreement (Zany Brainy Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Note shall be stated to be due on a day which is not a Business DaySaturday, Sunday or public holiday, such payment may be made on the next succeeding Business Daybusiness day, and such extension of time shall in such case shall be included in the computation of interest or hereunder and under the fees hereunder, as the case may beNote.

Appears in 3 contracts

Samples: Loan Agreement (Paxson Communications Corp), Loan and Security Agreement (I Link Inc), Loan Agreement (Paxson Communications Corp)

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

Appears in 3 contracts

Samples: Reciprocal Loan Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co), Reciprocal Loan Agreement (VOYA RETIREMENT INSURANCE & ANNUITY Co), Reciprocal Loan Agreement (Ing Usa Annuity & Life Insurance Co)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Note or Loan Documents shall be stated to be due on a day which that is not a Business Day, such payment may shall be made on the next succeeding Business Day, and and, except as otherwise specifically provided herein, such extension of time shall in such case be included in the computation of payment of interest hereunder or under the fees hereunderNote, as the case may be.

Appears in 2 contracts

Samples: Loan and Security Agreement (Teardrop Golf Co), Loan and Security Agreement (Congoleum Corp)

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

Appears in 2 contracts

Samples: Reimbursement Agreement (First Horizon Pharmaceutical Corp), Reimbursement and Security Agreement (Option Care Inc/De)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may be made on the next succeeding Business Day, and provided, however, that such extension of time shall in such case be included in the computation of interest due in conjunction with such payment or the other fees due hereunder, as the case may be.

Appears in 2 contracts

Samples: Loan Agreement (Contura Energy, Inc.), Loan Agreement (Contura Energy, Inc.)

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

Appears in 2 contracts

Samples: Construction Credit Agreement (Capital Automotive Reit), Credit Agreement (Capital Automotive Reit)

Payment on Non-Business Days. Whenever If any payment to be made amount hereunder or under the Bond Notes shall be stated to be become due on a day which is not a Business Day, then such payment may shall be made on the next succeeding first Business DayDay following the day on which such payment shall have so fallen due, and such extension of time shall in such case be included without including the additional days elapsed in the computation of the interest or the fees hereunder, as the case may bepayable on such succeeding Business Day.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Aerocentury Corp), Securities Purchase Agreement (Dwyer Group Inc)

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

Appears in 2 contracts

Samples: Loan Agreement (Asahi America Inc), Loan Agreement (Asahi America Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may be made on the next succeeding Business Day, and provided, however that such extension of time shall in such case be included in the computation of interest due in conjunction with such payment or the other fees due hereunder, as the case may be.

Appears in 2 contracts

Samples: Credit and Security Agreement (Gse Systems Inc), Credit and Security Agreement (Gse Systems Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Spruce Power Holding Corp), Credit Agreement (Spruce Power Holding Corp)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond any Notes shall be stated to be due on a day which that is not a Business Day, such payment may shall be made on the next succeeding Business Day, and and, except as otherwise specifically provided herein, such extension of time shall in such case be included in the computation of payment of interest hereunder or under the Notes or the fees hereunderFees, as the case may be.

Appears in 2 contracts

Samples: Loan Agreement (NCC Industries Inc), Loan Agreement (Edo Corp)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Restructured Loans shall be stated to be due on a day which is not a Business Day, such payment may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension of time shall in such case be included in the computation of interest or the fees hereunder, as the case may beextension.

Appears in 2 contracts

Samples: Loan Restructure Agreement (Komag Inc /De/), Loan Restructure Agreement (Komag Inc /De/)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may shall be made on the next succeeding Business Day, (except as provided in the definition of Interest Period in 1) and such extension of time shall in such case be included in the computation of payment of interest or the fees hereunderCommitment Fees, or Facility Fees, as the case may be. 4.12.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Colonial Gas Co), Revolving Credit Agreement (Colonial Gas Co)

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

Appears in 2 contracts

Samples: Loan Agreement (Panache Beverage, Inc.), Loan Agreement (Panache Beverage, Inc.)

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

Appears in 2 contracts

Samples: Credit Agreement (Sunrise International Leasing Corp), Credit Agreement (King Peter J)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or the fees hereunderfacility fee, as the case may be; provided that if such extension would cause payment of interest -------- on or principal of Eurodollar Rate Loans or Eurodollar Rate Bid Loans to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Calmat Co)

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

Appears in 1 contract

Samples: Credit and Security Agreement (Gardenburger Inc)

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

Appears in 1 contract

Samples: Revolving Line Agreement (Korn Ferry International)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond any Note shall be stated to be due on a day which is not a Business Day, ; such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest hereunder or under the fees hereunder, as the case may be.Notes. 12.17

Appears in 1 contract

Samples: Loan and Security Agreement (DSG International LTD)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may shall be made on by the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or the fees hereundercommitment fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Loans or LIBOR Bid Loans to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Mac Frugals Bargains Close Outs Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Letter of Credit shall be stated to be due on a day which is not other than a Business Day, such payment may shall be made on the next succeeding Business DayDay (and if so made, shall be deemed to have been made when due), and such extension of time shall in such case be included in the computation of the payment of interest or the fees due hereunder, as the case may be.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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

Appears in 1 contract

Samples: Loan Agreement (DSG International LTD)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not a non-Business Day, such payment may will be made on the next succeeding Business Day, and such extension of time shall be in such case be included in the computation of payment of interest or on the fees hereundercorresponding Advance and under the corresponding Note; PROVIDED HOWEVER, as that if such extension should cause the case may bepayment to fall on the next calendar month, then the payment will be made on the next preceding Business Day.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pilgrims Pride Corp)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may be made on the next succeeding Business Day; PROVIDED, and HOWEVER, that such extension of time shall in such case be included in the computation of interest due in conjunction with such payment or the other fees due hereunder, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day that is a Saturday or Sunday or a day on which is banks are generally not a Business Dayopen for business in the State, such that payment may be made on the next succeeding Business Dayday that is not a Saturday or Sunday or that is a day on which banks are generally open for business in the State, and such extension of time shall in such case be included in the computation of interest or the fees hereunder, as the case may be.

Appears in 1 contract

Samples: Lease Agreement

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Notes or Loan Documents shall be stated to be due on a day which that is not a Business Day, such payment may shall be made on the next succeeding Business Day, and and, except as otherwise specifically provided herein, such extension of time shall in such case be included in the computation of payment of interest hereunder or under the Notes or the fees hereunderFacility Fee, as the case may be.

Appears in 1 contract

Samples: Loan and Security Agreement (Pamarco Technologies Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may shall be made on the next succeeding Business Day, Day and such extension of time shall in such case be included in the computation of interest or the fees hereunderpayable hereunder (and if so made, as the case may beshall be deemed to have been made when due).

Appears in 1 contract

Samples: Revolving Credit Agreement (Continental Airlines Inc /De/)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which that is not a Business Day, such payment may shall be made on the next succeeding Business Day, and and, except as otherwise specifically provided herein, such extension of time shall in such case be included in the computation of payment of interest hereunder or under the Note or the fees hereunderFees, as the case may be.

Appears in 1 contract

Samples: Credit and Security Agreement (Marlton Technologies Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which that is not a Business Day, such payment may be made on the next succeeding Business DayDay (except as provided in the definition of Interest Payment Date), and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension of time shall in such case be included in the computation of interest or the fees hereunder, as the case may beextension.

Appears in 1 contract

Samples: Credit Agreement (Stormedia Inc)

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

Appears in 1 contract

Samples: Loan Agreement

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest on the term loan advance(s) or the fees hereunder, as the case may be.

Appears in 1 contract

Samples: Term Loan Agreement (Municipal Mortgage & Equity LLC)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Demand Note shall be stated to be due on a day which that is not a Business Day, such payment may shall be made on the next succeeding Business Day, and and, except as otherwise specifically provided herein, such extension of time shall in such case be included in the computation of payment of interest hereunder or under the fees hereunder, as the case may beDemand Note.

Appears in 1 contract

Samples: Loan Agreement (Diplomat Ambassador Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond shall be stated to be due on a day which is not other than a Business Day, such payment may shall be made on the next succeeding Business DayDay (and if so made, shall be deemed to have been made when due), and such extension of time shall in such case be included in the computation of payment of interest or the fees due hereunder, as the case may be.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Continental Natural Gas Inc)

Payment on Non-Business Days. Whenever any payment to be made hereunder or under the Bond Note shall be stated to be become due on a day which is not a Business DaySaturday, Sunday or public holiday, such 7 payment may be made on the next succeeding Business Daybusiness day, and such extension of time shall in such case shall be included in the computation of interest or hereunder and under the fees hereunder, as the case may beNote.

Appears in 1 contract

Samples: Loan Agreement (Paxson Communications Corp)

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

Appears in 1 contract

Samples: Securities Purchase Agreement (Synergy Brands Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Td Ameritrade Holding Corp)

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

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Korn Ferry International)

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

Appears in 1 contract

Samples: Term Loan Agreement (Arden Realty Limited Partnership)

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

Appears in 1 contract

Samples: Nexar Technologies Inc

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

Appears in 1 contract

Samples: Credit Agreement (Cadiz Land Co Inc)

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