Common use of Payments on Business Days Clause in Contracts

Payments on Business Days. Should the principal of or interest on the Notes or any Commitment Fee or any other fee or amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Northwestern Steel & Wire Co), Credit Agreement (Northwestern Steel & Wire Co), Credit Agreement (Northwestern Steel & Wire Co)

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Payments on Business Days. Should the principal of or interest on the Revolving Credit Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of “Interest Period”), and such extension of time shall in such case be included in computing interest, if any, in connection with such paymentpayment and fees payable hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp)

Payments on Business Days. Should the principal of or interest on the Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (River Distribution Sub Inc), Credit Agreement (Rb Asset Inc)

Payments on Business Days. Should the principal of or interest on the Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Milgray Electronics Inc), Loan Agreement (Rex Stores Corp)

Payments on Business Days. Should the principal of or interest on ------------------------- the Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 2 contracts

Samples: Loan Agreement (Nu Horizons Electronics Corp), Loan Agreement (Nu Horizons Electronics Corp)

Payments on Business Days. Should Except as otherwise expressly provided herein or in the Note, should the principal of or interest on the Notes or any Commitment Fee Note or any other fee or amount payable hereunder portion of the Obligations become due and payable on other than a Business Day, payment in respect thereof may shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, interest in connection with such the payment.

Appears in 2 contracts

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (Strategic Hotels & Resorts, Inc)

Payments on Business Days. Should the principal of or interest on the Notes or Notes, any reimbursement obligation with respect to any Commitment Fee, the Arrangement Fee, the Agency Fee or any other fee or amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as provided in the definition of Interest Period with regard to Eurodollar Loans), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Diamond Shamrock Inc)

Payments on Business Days. Should the principal of or interest on the Notes Notes, or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Cleveland Cliffs Inc)

Payments on Business Days. Should the principal of or interest on the Notes Note or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Capital Trust)

Payments on Business Days. Should the principal of or interest ------------------------- on the Revolving Credit Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Loan Agreement (Nu Horizons Electronics Corp)

Payments on Business Days. Should the principal ------------------------- of or interest on the Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Milgray Electronics Inc)

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Payments on Business Days. Should the principal of or interest on the Notes or any Commitment Fee Note, or any other fee or amount payable hereunder hereunder, become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Loan Agreement (Liberty Satellite & Technology Inc)

Payments on Business Days. (a) Should the principal of or interest on the Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Water Pik Technologies Inc)

Payments on Business Days. Should the principal of or interest on the Notes Revolving Credit Note or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of “Interest Period”), and such extension of time shall in such case be included in computing interest, if any, in connection with such paymentpayment and fees payable hereunder.

Appears in 1 contract

Samples: Credit Agreement (Industrial Enterprises of America, Inc.)

Payments on Business Days. Should the principal of or ------------------------- interest on the Notes Note or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Capital Trust)

Payments on Business Days. Should the principal of or interest on the Notes Note or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business Day, and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.such

Appears in 1 contract

Samples: Credit Agreement (Aviron)

Payments on Business Days. Should the principal of or interest on ------------------------- the Notes or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such paymentpayment and fees payable hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nu Horizons Electronics Corp)

Payments on Business Days. Should the principal of or interest on the Notes Revolving Credit Note or any Commitment Fee or any other fee or other amount payable hereunder become due and payable on other than a Business Day, payment in respect thereof may be made on the next succeeding Business DayDay (except as otherwise specified in the definition of "Interest Period"), and such extension of time shall in such case be included in computing interest, if any, in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (WPCS International Inc)

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