Common use of Payments Only on Business Days Clause in Contracts

Payments Only on Business Days. Payments hereunder shall be made only on a Business Day. Any payment hereunder which, but for this Section 1.03, would be payable on a day which is not a Business Day, shall instead be due and payable on the next succeeding Business Day.

Appears in 15 contracts

Samples: Put Agreement Related to Exercise of Warrant 2015 17, Subordination and Intercreditor Agreements (Twinlab Consolidated Holdings, Inc.), Subordination and Intercreditor Agreements (Twinlab Consolidated Holdings, Inc.)

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Payments Only on Business Days. Payments hereunder shall be made only on a Business Day. Any payment hereunder which, but for this Section 1.031.04, would be payable on a day which is not a Business Day, shall instead be due and payable on the next succeeding Business Day.

Appears in 6 contracts

Samples: Subordination Agreement, Subordination Agreement (Twinlab Consolidated Holdings, Inc.), Subordination Agreement (Twinlab Consolidated Holdings, Inc.)

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