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

Payments on Non-Business Days. Whenever any payment to be made ----------------------------- hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, if a payment of principal has been so extended, interest shall be payable on such principal at the applicable rate during such extension.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

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Payments on Non-Business Days. Whenever any payment to be made ----------------------------- ---------------------------------- hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, if a payment of principal has been so extended, interest shall be payable on such principal at the applicable rate during such extension.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

Payments on Non-Business Days. Whenever If any payment to be made ----------------------------- hereunder shall be stated to be due on a day which that is not a Business Day, the due date thereof for payment shall be extended to the next succeeding Business Day and, if a in the case of any payment of principal has been so extendedaccruing interest, interest thereon shall be payable on such principal at for the applicable rate during period of such extension.

Appears in 1 contract

Samples: Note Purchase Agreement (Merida Merger Corp. I)

Payments on Non-Business Days. Whenever If any payment to be made ----------------------------- hereunder shall be stated to be ----------------------------- due on a day which that is not a Business Day, the due date thereof for payment shall be extended to the next succeeding Business Day Day, and, if a in the case of any payment of principal has been so extendedaccruing interest, interest thereon shall be payable on such principal at for the applicable rate during period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Smithfield Foods Inc)

Payments on Non-Business Days. Whenever any payment to be made ----------------------------- hereunder shall be stated to be due on a day which that is not a Business Day, the due date thereof such payment shall instead be extended to made on the next succeeding Business Day andDay, if a payment together with interest accrued during the period of principal has been so extended, interest shall be payable on such principal at the applicable rate during such extension.

Appears in 1 contract

Samples: Credit Agreement (Magna Entertainment Corp)

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Payments on Non-Business Days. Whenever If any payment to be made under the Note, ----------------------------- hereunder shall be stated to be this Agreement or any of the other Loan Documents becomes due and payable on a day which that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, if a payment and such extension of principal has been so extended, interest time in each case shall be payable on such principal at included in the applicable rate during such extensioncomputation of interest.

Appears in 1 contract

Samples: Loan Agreement (Eastgroup Properties Inc)

Payments on Non-Business Days. Whenever If any payment to be made ----------------------------- hereunder shall be stated to be due on a day which that is not a Business Daybusiness day, the due date thereof for payment shall be extended to the next succeeding Business Day business day and, if a in the case of any payment of principal has been so extendedaccruing interest, interest thereon shall be payable on such principal at for the applicable rate during period of such extension.

Appears in 1 contract

Samples: Note Purchase Agreement (Aziyo Biologics, Inc.)

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