Common use of Payments on Nonbusiness Days Clause in Contracts

Payments on Nonbusiness Days. Whenever any event is to occur or any payment is to be made under any Loan Document on any day other than a Business Day, such event may occur or such payment may be made on the next succeeding Business Day and such extension of time shall be included in computation of interest in connection with any such payment.

Appears in 10 contracts

Samples: Credit Agreement (Blue Nile Inc), Credit Agreement (Usana Health Sciences Inc), Loan Agreement (Impco Technologies Inc)

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Payments on Nonbusiness Days. Whenever any event is to occur or ---------------------------- any payment is to be made under any Loan Document on any day other than a Business Day, such event may occur or such payment may be made on the next succeeding Business Day and such extension of time shall be included in computation of interest in connection with any such payment.

Appears in 1 contract

Samples: Credit Agreement (Aris Corp/)

Payments on Nonbusiness Days. Whenever any event is to occur or any payment is to be made under any Loan Document on any day other than a Business Day, such event may shall occur or such payment may shall be made on the next succeeding Business Day and such extension of time shall be included in computation of interest in connection with any such payment.

Appears in 1 contract

Samples: Credit Agreement (Physio Control International Corp \De\)

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Payments on Nonbusiness Days. Whenever any event is ---------------------------- to occur or any payment is to be made under any Loan Document on any day other than a Business Day, such event may occur or such payment may be made on the next succeeding Business Day and such extension of time shall be included in computation of interest in connection with any such payment.

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)

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