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

Payments on Non-Business Days. Whenever any payment to be made hereunder or under any Note 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; provided, however, in the event that the day on which any such payment relating to a Eurodollar Loan is due is not a Business Day but is a day of the month after which no further Business Day occurs in such month, then the due date thereof shall be the next preceding Business Day.

Payments on Non-Business Days. Whenever any payment to be made hereunder or under any Note the Notes shall be stated to be due on a day which that is not a Business Day, the due date thereof payment shall be extended to made on the next succeeding Business Day and, if a and such extension of time shall be included in the computation of the payment of principal has been so extendedinterest hereunder or under the Notes or of the commitment and other fees hereunder, interest shall be payable on such principal at as the applicable rate during such extensioncase may be; provided, however, in the event that if the day on which any such -------- ------- payment relating to a Eurodollar Rate Loan is due is not a Business Day but is a day of the month after which no further Business Day occurs in such that month, then the due date thereof shall be the next preceding Business Day.

Payments on Non-Business Days. Whenever any payment to be made hereunder pursuant to this Agreement, the Promissory Note(s) or under any Note other Loan Document shall be stated to be due on a day which is not a Business Day, the due date thereof payment shall be extended to made on the next succeeding Business Day and, if a and such extension of time shall be included in the computation of the payment of principal has been so extendedDefault Interest pursuant to this Agreement, interest shall be payable on the Promissory Note(s) or any other such principal at the applicable rate during such extensionLoan Document, as applicable; provided, however, that in the event that the day on upon which any such payment relating to a Eurodollar Loan is due is not a Business Day Day, but is a day of the month after which no further Business Day occurs in such that month, then the due date thereof shall be the next preceding Business Day.

Payments on Non-Business Days. Whenever Subject to the provisions of subsection 2.1D, whenever any payment to be made hereunder or under any Note the Notes shall be stated to be due on a day which that is not a Business Day, the due date thereof payment shall be extended to made on the next succeeding Business Day and, if a and such extension of time shall be included in the computation of the payment of principal has been so extendedinterest hereunder or under the Notes or of the commitment and other fees hereunder, interest shall be payable on such principal at as the applicable rate during such extensioncase may be; provided, however, in the event that if the day on which any such payment relating to a Eurodollar Rate Loan is due is not a Business Day but is a day of the month after which no further Business Day occurs in such that month, then the due date thereof shall be the next preceding Business Day.

Payments on Non-Business Days. Whenever any payment to be made ------------------------------ hereunder or under any Note or Acceptance 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; provided, however, in the event that the day on which any such --------- -------- payment relating to a Eurodollar Loan is due is not a Business Day but is a day of the month after which no further Business Day occurs in such month, then the due date thereof shall be the next preceding Business Day.