Common use of Payments on a Non-Business Day Clause in Contracts

Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be stated to be due on a day 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 the payment of interest and fees, as the case may be.

Appears in 31 contracts

Samples: Credit Agreement (Fitlife Brands, Inc.), Credit Agreement (Fitlife Brands, Inc.), Master Loan Agreement

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Payments on a Non-Business Day. Whenever any payment under any Loan Postpetition Financing Document shall be stated to be due on a day 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 the payment of interest and fees, as the case may be.

Appears in 7 contracts

Samples: Credit Agreement (Verasun Energy Corp), Credit Agreement (Verasun Energy Corp), Credit Agreement (Verasun Energy Corp)

Payments on a Non-Business Day. Whenever If the due date of any payment under this Agreement or any Loan Document shall be stated to be due Note would otherwise fall on a day that is not a Business Day, such payment may date shall be made on extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension of time shall in such case be included in the computation of the payment of interest and fees, as the case may beextension.

Appears in 3 contracts

Samples: Credit Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/)

Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be stated to be due on a day 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 the payment of interest and fees, as the case may be, provided, however, in the event the next succeeding Business Day is the start of a new month, then such payment shall be made on the preceding Business Day.

Appears in 1 contract

Samples: Loan Agreement (Condor Hospitality Trust, Inc.)

Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be stated to be due on a day that is not a Business Day, such payment may GP:4879178v4 i be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the payment of interest and fees, as the case may be.

Appears in 1 contract

Samples: Master Loan Agreement (Homeland Energy Solutions LLC)

Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be stated to be due on a day 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 the payment of interest and fees, as the case may be.. GP:3761233v2

Appears in 1 contract

Samples: Credit Agreement (Highwater Ethanol LLC)

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Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be stated to be due on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension Day without the incurrence of time shall in such case be included in the computation of the payment of interest and fees, as the case may beadditional fees or expenses.

Appears in 1 contract

Samples: Secured Residual Loan Agreement (Excel Corp)

Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be is stated to be due on a day that is not a Business Day, such that payment may be made on the next succeeding Business Day, and such that extension of time shall will in such that case be included in the computation of the payment of interest and fees, as the case may be.

Appears in 1 contract

Samples: Loan Agreement (Farmland Partners Inc.)

Payments on a Non-Business Day. Whenever any payment under any Loan Document shall be is stated to be due on a day that is not a Business Day, such that payment may be made on the next succeeding Business Day, and such that extension of time shall will in such that case be included in the computation of the payment of interest and fees, as the case may be.. Farmland RE Term Loans 2016 Loan Agreement Loan No. 198280, 198283 and 198284 8 Rev. 4.6.2015

Appears in 1 contract

Samples: Loan Agreement (Farmland Partners Inc.)

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