Common use of Payments on Non 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 (except as set forth in Section 4.02(b)(iii) with respect to payments due on 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 2 contracts

Samples: Credit Agreement (Dyncorp), Credit Agreement (Dyncorp)

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Payments on Non. Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is shall be stated to be due on a day which is not a Business Day, the payment shall instead be due made on the next succeeding Business Day (except as set forth in Section 4.02(b)(iii) with respect to payments due on the next preceding Business Day), and any 43 36 such extension of time shall be included in the computation of the payment of interest hereunder or under the Notes or of the commitment and other fees hereunder, as the case may be.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Renaissance Cosmetics Inc /De/)

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 (except or, as set forth in Section 4.02(b)(iii) with respect to payments due on 5.2(b)(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 (Reckson Operating Partnership Lp)

Payments on Non. Business Days. Whenever any payment to be made by the Borrower ------------------------------ hereunder or under the Notes is shall be stated to be due on a day which is not a Business Day, the payment due date thereof shall instead be due on extended to the next succeeding Business Day (except as set forth in Section 4.02(b)(iii) with respect to payments due on the next preceding Business Day)and, and any such extension if a payment of time principal has been so extended, interest shall be included in payable on such principal at the computation of the payment of interest and fees hereunderapplicable rate during such extension.

Appears in 1 contract

Samples: PPL Electric Utilities Corp

Payments on Non. Business Days. Whenever any payment to be made by the Borrower hereunder or under the Notes is shall be stated to be due on a day which is not a Business Day, the payment payments shall instead be due made on the next succeeding Business Day (except as set forth without change in Section 4.02(b)(iii) any computation of interest with respect to payments due on the next preceding Business Daysuch payment (or any succeeding payment), 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: Subordinated Loan Agreement

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 (except or, as set forth in Section 4.02(b)(iii) with respect to payments due on 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: Credit Agreement (Simon Debartolo Group Inc)

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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 (except or, as set forth in Section 4.02(b)(iii) with respect to payments due on 5.2(b)(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 (Reckson Associates Realty 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 (except as set forth in or, if required pursuant to Section 4.02(b)(iii) with respect to payments due on 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 Credit Agreement (General Growth Properties Inc)

Payments on Non. Business Days. Whenever any payment to be made by the Borrower any Loan Party hereunder or under the Notes is shall be stated to be due on a day which is not a Business Day, the payment payments shall instead be due made on the next succeeding Business Day (except as set forth in Section 4.02(b)(iii) with respect to payments due on the next preceding Business Day), and any such extension of time shall be included in the computation of the payment of interest hereunder and of any of the fees hereunderspecified in Section 2.05, as the case may be.

Appears in 1 contract

Samples: Credit Facility Agreement (JPS Textile Group Inc /De/)

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