Common use of Payment on Nonbusiness Days Clause in Contracts

Payment on Nonbusiness Days. Whenever any payment to be made under this Agreement shall be stated to be due on a day other than a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in each case be included in the computation of payment of interest on such Obligations or the fees hereunder, as the case may be.

Appears in 3 contracts

Samples: Credit Agreement (Xcel Energy Inc), Assignment Agreement (Northern States Power Co), Assignment Agreement (Northern States Power Co)

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Payment on Nonbusiness Days. Whenever any payment to be made hereunder or under this Agreement the Line of Credit Note shall be stated to be due on a day other than that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in each such case be included in the computation of payment of interest on such Obligations or the fees hereunderUnused Commitment Fee, as the case may be.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lindsay Corp)

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Payment on Nonbusiness Days. Whenever any payment to be made hereunder or under this Agreement the Note shall be stated to be due on a day other than which is not a Business Day, such payment may be made on the next succeeding Business Day, Day and such extension of time shall in each such case be included in the computation of payment of interest on such Obligations or the fees hereunderUnused Commitment Fee, as the case may be.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lindsay Corp)

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