Common use of Payment on Nonbusiness Days Clause in Contracts

Payment on Nonbusiness Days. Whenever any payment of principal, interest or fees to be made on the indebtedness evidenced by the Note shall fall due on a Saturday, Sunday or public holiday under the laws of the State of Florida, such payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Kempharm, Inc), Loan Agreement (Standard Premium Finance Holdings, Inc.)

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Payment on Nonbusiness Days. Whenever If any payment of principal, principal or interest or fees to be made --------------------------- on the indebtedness evidenced by the this Note shall fall become due on a Saturday, Sunday Sunday, or public legal holiday under the laws of the State of Florida, such payment shall be made on the next succeeding Business Daybusiness day.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Safeguard Health Enterprises Inc), Promissory Note (Safeguard Health Enterprises Inc)

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Payment on Nonbusiness Days. Whenever any payment of principal, interest or fees to be made on the indebtedness evidenced by the Note shall fall due on a Saturday, Sunday or public holiday under the laws of the State of Florida, such payment shall be made on the next succeeding Business Day.. SECTION Four: CONDITIONS OF LENDING

Appears in 1 contract

Samples: Revolving Loan Agreement (CNL Strategic Capital, LLC)

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