Common use of Performance on a Non-Business Day Clause in Contracts

Performance on a Non-Business Day. If any payment is required hereunder on a day that is not a Business Day, then such payment shall be due on the next succeeding Business Day, unless, in the case of payments based on the Eurodollar Rate, the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day.

Appears in 8 contracts

Samples: Lease Agreement (Dominicks Supermarkets Inc), Lease Agreement (Quality Food Centers Inc), Lease Agreement (Fred Meyer Inc)

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Performance on a Non-Business Day. If any payment is required hereunder on a day that is not a Business Day, then such payment shall be due on the next succeeding Business Day, unless, in the case of payments based on the Eurodollar Rate, the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day.

Appears in 4 contracts

Samples: Lease Agreement (Living Centers of America Inc), Lease Agreement (Meyer Fred Inc), Lease Agreement (Meyer Fred Inc)

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Performance on a Non-Business Day. If any payment is required --------------------------------- hereunder on a day that is not a Business Day, then such payment shall be due on the next succeeding Business Day, unless, in the case of payments based on the Eurodollar Rate, the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day.

Appears in 3 contracts

Samples: Lease (Hanover Compressor Co /), Lease (Ebay Inc), Lease (Sailors Inc)

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