Common use of Payments on Non-Business Days Clause in Contracts

Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, as set forth in Section 2.7(b), the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Lexington Corporate Properties Trust)

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Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, in the case of certain Eurocurrency Rate Loans, on the preceding Business Day as set forth in Section 2.7(bthe definition of “Interest Period”), the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Assignment and Acceptance (Mills Corp)

Payments on Non-Business Days. Whenever any payment to be made by the Borrower Issuer hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, as set forth in Section 2.7(b), the next preceding immediately following Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Dividend Note Agreement (Kaynar Holdings Inc)

Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, as set forth in Section 2.7(b), the next preceding immediately following Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Kaynar Holdings Inc)

Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding immediately following Business Day (or, except as set forth in Section 2.7(b), the next preceding Business Day), and any such extension of time shall be included in proviso to the computation third sentence of the payment of interest and fees hereunder.definition of

Appears in 1 contract

Samples: Credit Agreement (Rental Service Corp)

Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, as set forth in Section 2.7(bif required pursuant to SECTION 5.2(b)(iii), the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Revolving and Term Credit Agreement (General Growth Properties Inc)

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Payments on Non-Business Days. Whenever any payment to be made by the a Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, as set forth in Section 2.7(bSECTION 4.02(a)(iv), the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Credit Agreement (Hyster Overseas Capital Corp LLC)

Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, as set forth in Section 2.7(b2.4(b), the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lexington Corporate Properties Inc)

Payments on Non-Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is stated to be due on a day which is not a Business Day, the payment shall instead be due on the next succeeding Business Day (or, in the case of certain Eurocurrency Rate Loans, on the preceding Business Day as set forth in Section 2.7(bthe definition of "Interest Period"), the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest and fees hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mills Corp)

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