Common use of Payments on Business Days Clause in Contracts

Payments on Business Days. If a payment hereunder is scheduled to be made on a date that is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date is not a Business Day, such Record Date shall not be affected.

Appears in 5 contracts

Samples: Supplemental Indenture (Grey Wolf Inc), Supplemental Indenture (Grey Wolf Inc), Nabors Industries Inc

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Payments on Business Days. If a payment hereunder is scheduled to be made on a date that is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 5 contracts

Samples: Indenture (PLD Telekom Inc), Indenture (PLD Telekom Inc), Indenture (McLeodusa Inc)

Payments on Business Days. If a payment hereunder is ------------------------- scheduled to be made on a date that is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 4 contracts

Samples: McLeodusa Inc, McLeodusa Inc, McLeodusa Inc

Payments on Business Days. If a payment hereunder is scheduled to be made on a date that is not a Business Day, notwithstanding any other provision in the Notes or in this Indenture, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date is a date that is not a Business Day, such Record Date shall not be affected.

Appears in 1 contract

Samples: Indenture (Azteca Holdings Sa De Cv)

Payments on Business Days. If a payment hereunder is ------------------------- scheduled to be made on a date that is not a Business Day, payment shall be made on the next 100 succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 1 contract

Samples: McLeod Inc

Payments on Business Days. If a payment hereunder is -------------------------- scheduled to be made on a date that is not a Business Day, notwithstanding any other provision in the Notes or in this Indenture, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date is a date that is not a Business Day, such Record Date shall not be affected.

Appears in 1 contract

Samples: Indenture (Azteca Holdings Sa De Cv)

Payments on Business Days. If a payment hereunder is scheduled to be made on a date that is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Regular Record Date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 1 contract

Samples: Execution Copy (Firstworld Communications Inc)

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Payments on Business Days. If a payment hereunder is scheduled to be made on a date that is not a Business Day, payment shall be made on the next succeeding day date that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.. 101

Appears in 1 contract

Samples: Indenture (Usn Communications Inc)

Payments on Business Days. If a payment hereunder is ------------------------- scheduled to be made on a date that is not a Business Day, payment shall be made on the next succeeding day date that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 1 contract

Samples: Indenture (United Usn Inc)

Payments on Business Days. If a payment hereunder ------------------------- is scheduled to be made on a date that is not a Business Day, Day payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 1 contract

Samples: Registration Rights Agreement (Krystal Company)

Payments on Business Days. If a payment hereunder is ------------------------- scheduled to be made on a date that is not a Business Day, Day payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue with respect to that payment during the intervening period. If a regular Record Date record date is a date that is not a Business Day, such Record Date record date shall not be affected.

Appears in 1 contract

Samples: Gorges Quik to Fix Foods Inc

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