Common use of Timing of Payment and Performance Clause in Contracts

Timing of Payment and Performance. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 27 contracts

Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Lease I Agreement (Bowlero Corp.), Bridge Loan and Security Agreement (Uniti Group Inc.)

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Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 17 contracts

Samples: Credit Agreement (Waldencast PLC), Credit Agreement (Turning Point Brands, Inc.), Credit Agreement (Waldencast PLC)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (except as otherwise set forth herein or in any other than as described in the definition of “Interest Period”Loan Document) or performance shall extend to the immediately succeeding Business Day, Day and, in the case of any payment accruing that accrues interest, interest thereon shall be payable for the period of such extension.

Appears in 9 contracts

Samples: Margin Loan Agreement (Liberty Broadband Corp), Margin Loan Agreement (Liberty Broadband Corp), Margin Loan Agreement (Liberty Broadband Corp)

Timing of Payment and Performance. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the definition definitions of “Interest Period” and/or “Maturity Date”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 5 contracts

Samples: Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty Trust, Inc.), Credit Agreement (Empire State Realty Trust, Inc.)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 3 contracts

Samples: Restatement Agreement (EVO Payments, Inc.), First Lien Credit Agreement (EVO Payments, Inc.), Second Lien Credit Agreement (EVO Payments, Inc.)

Timing of Payment and Performance. When the payment of any obligation obligations or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period” herein) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 2 contracts

Samples: Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, Day and such extension shall be reflected in the computation of interest or fees, as the case of any payment accruing interest, interest thereon shall be payable for the period of such extensionmay be.

Appears in 2 contracts

Samples: Credit Agreement (Mercury Systems Inc), Credit Agreement (Mercury Systems Inc)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 2 contracts

Samples: Counterpart Agreement (Isola Group Ltd.), Counterpart Agreement (Isola Group Ltd.)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, Day and such extension shall be reflected in the computation of interest or fees, as the case of any payment accruing interest, interest thereon shall be payable for the period of such extensionmay be. Section 1.09.

Appears in 1 contract

Samples: Credit Agreement (Mercury Systems Inc)

Timing of Payment and Performance. When (a) Except as otherwise expressly provided herein, when the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Revlon Consumer Products Corp)

Timing of Payment and Performance. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Algoma Steel Group Inc.)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Domestic Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Domestic Business Day, and, Day and such extension shall be reflected in the computation of interest or fees, as the case of any payment accruing interest, interest thereon shall be payable for the period of such extensionmay be.

Appears in 1 contract

Samples: Assignment and Assumption (Brighthouse Financial, Inc.)

Timing of Payment and Performance. When the payment of any obligation obligations or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in describe din the definition of “Interest Period” herein) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Revolving Syndicated Facility Agreement (Tronox LTD)

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Timing of Payment and Performance. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or required on a day which is Uniti – Bridge Loan and Security Agreement #97751373v29 not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Bridge Loan and Security Agreement (Uniti Group Inc.)

Timing of Payment and Performance. . When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Post Holdings, Inc.)

Timing of Payment and Performance. When the payment of any obligation or the orthe performance of any covenant, duty or obligation is stated to be due or performance required on a day which daywhich is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding immediatelysucceeding Business Day, and, in the case Day and such extension of any payment accruing interest, interest thereon time shall be payable for the period of such extensionreflected in computing interest or fees, asthe case may be.SECTION 1.11.

Appears in 1 contract

Samples: Credit Agreement (CDW Corp)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (except as otherwise set forth herein or in any other than as described in the definition of “Interest Period”Loan Document) or performance shall extend to the immediately succeeding Business Day, Day and, in the case of any payment accruing that accrues interest, interest thereon shall be payable for the period of such extension.. 1661860.04-NYCSR03A - MSW

Appears in 1 contract

Samples: Margin Loan Agreement (Gci Liberty, Inc.)

Timing of Payment and Performance. When Whenever the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend be extended to the immediately succeeding Business Day, and, Day (except as set forth in the case definition of any payment accruing interest, interest thereon Interest Period) and such extension of time shall be payable for reflected in computing interest or fees, as the period of such extensioncase may be.

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

Timing of Payment and Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business DayDay and such extension of time shall be reflected in computing interest or fees, and, in as the case of any payment accruing interest, interest thereon shall be payable for the period of such extensionmay be.

Appears in 1 contract

Samples: Credit Agreement (CDW Corp)

Timing of Payment and Performance. When the payment of any obligation obligations or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period” herein) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Revolving Syndicated Facility Agreement (Tronox LTD)

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