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

Payments on Non-Business Days. Whenever any payment to be made hereunder is due on a day other than a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall be included in the computation of payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Asset Investors Corp)

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Payments on Non-Business Days. Whenever any payment to be made hereunder is or under any of the Notes shall be stated to be due on a day other than which is not a Business Day, such payment may the due date thereof shall be made on extended to the next succeeding Business Day, and such extension of time shall be included in the computation of payment of interest.

Appears in 1 contract

Samples: Master Facility Agreement (Brewer C Homes Inc)

Payments on Non-Business Days. Whenever any payment to be made hereunder is or under the Interim Notes shall be stated to be due on a day other than which is not a Business Day, such the payment may shall be made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the payment of interestinterest hereunder or under the Interim Notes or of the commitment and other fees hereunder, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

Payments on Non-Business Days. Whenever If any payment to be made hereunder is or under the Note shall become due on a day other than a Business Day, such payment may shall be made on the next succeeding Business Day, Day and such extension of time shall be included in the computation computing any interest in respect of payment of interestsuch payments.

Appears in 1 contract

Samples: Loan and Investment Agreement (Organic Food Products Inc)

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Payments on Non-Business Days. Whenever any payment to be made by Southland hereunder is or under the Notes shall be stated to be due on a day other than which is not a Business Day, such payment may payments shall be made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the payment of interestinterest hereunder or under the Notes and of any of the fees specified in Section 2.06, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Southland Corp)

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