Common use of Business Day Convention Clause in Contracts

Business Day Convention. If the date on which any payment is due to be made under this Agreement shall occur on a day on which is not a Business Day, such payment shall be made in accordance with the Business Day Convention as specified in the Notes or the Indenture.

Appears in 230 contracts

Samples: MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Insurance Co)

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Business Day Convention. If the date on which any payment is due to be made under this Agreement shall occur on a day on which is not a Business Day, such payment shall be made in accordance with the Business Day Convention as specified in the Notes or the IndentureNotes.

Appears in 104 contracts

Samples: MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Insurance Co)

Business Day Convention. If the date on In any case in which any payment is due to be made under this Agreement shall occur on a day on which Payment Date is not a Business Day, payment on the Notes shall not be made on such date but shall be made on the next Business Day with the same force and effect as if made on such Payment Date. No interest on such payment shall be made in accordance with accrue for the Business Day Convention as specified in period from and after such Payment Date to the Notes or the Indentureactual date of such payment.

Appears in 98 contracts

Samples: Stacr® Debt Agreement, Stacr® Debt Agreement, Global Agency Agreement

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Business Day Convention. If the date on which any payment is due to be made under this Agreement shall occur is due and payable on a day which is not a Business Day, or if any notice or report is required to be given on a day which is not a Business Day, such payment shall be made in accordance with due and payable or such notice or report shall be given on the next succeeding Business Day Convention as specified in the Notes or the IndentureDay.

Appears in 1 contract

Samples: Catastrophe Quota Share Reinsurance Agreement (Pxre Group LTD)

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