Special Payment Timing Issues. Whenever any payment to be made under any Loan Document is due on a day that is not a Business Day, then such payment may be made on the next succeeding Business Day, and such extension of time will be included in the computation of interest under such Loan Document. Any funds received by Administrative Agent after 2:00 p.m. ET on any day will be deemed to be received on the next succeeding Business Day.
Appears in 6 contracts
Samples: Credit Facility Agreement (MCG Finance Corp), Credit Facility Agreement (MCG Finance Corp), Credit Facility Agreement (Bizness Online Com)
Special Payment Timing Issues. Whenever any payment to be made under any Loan Document is due on a day that is not a Business Day, then such payment may be made on the next succeeding Business Day, and such extension of time will be included in the computation of interest under such Loan Document. Any funds received by Administrative Agent after 2:00 p.m. ET on any day will be deemed to be received on the next succeeding Business Day.
Appears in 2 contracts
Samples: Credit Facility Agreement (CCC Information Services Group Inc), Credit Facility Agreement (CCC Information Services Group Inc)
Special Payment Timing Issues. Whenever any payment to be made under any Loan Document is due on a day that is not a Business Day, then such payment may be made on the next succeeding Business Day, and such extension of time will be included in the computation of interest under such Loan Document. Any funds received by Administrative Agent after 2:00 p.m. ET Noon (Central Time) on any day will be deemed to be received on the next succeeding Business Day.
Appears in 2 contracts
Samples: Credit Facility Agreement (CCC Information Services Group Inc), Credit Facility Agreement (CCC Information Services Group Inc)
Special Payment Timing Issues. Whenever any payment to be made under any Loan Document is due on a day that is not a Business Day, then such payment may be made on the next succeeding Business Day, and such extension of time will be included in the computation of interest under such Loan Document. Any funds received by Administrative Agent Lender after 2:00 p.m. 12:00 noon ET on any day will be deemed to be received on the next succeeding Business Day.
Appears in 1 contract
Samples: Credit Facility Agreement (Startec Global Communications Corp)
Special Payment Timing Issues. Whenever any payment to be made under any Loan Document is due on a day that is not a Business Day, then such payment may be made on the next succeeding Business Day, and such extension of time will be included in the computation of interest under such Loan Document. Any funds received by Administrative Agent Lender after 2:00 p.m. ET on any day will be deemed to be received on the next succeeding Business Day.
Appears in 1 contract
Samples: Credit Agreement (Hearx LTD)
Special Payment Timing Issues. Whenever any payment to be made under any Loan Document is due on a day that is not a Business Day, then such payment may be made on the next succeeding Business Day, and such extension of time will be included in the computation of interest under such Loan Document. Any funds received by Administrative Agent EXCX after 2:00 p.m. ET on any day will be deemed to be received on the next succeeding Business Day.
Appears in 1 contract
Samples: Credit Facility Agreement (Empire Sports & Entertainment Holdings Co.)
