Common use of Business Day Convention Clause in Contracts

Business Day Convention. Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.

Appears in 8 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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Business Day Convention. Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided to the extent any such payment of Rent is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment of Rent from and after such scheduled datedate to such next succeeding Business Day.

Appears in 4 contracts

Samples: Master Sublease Agreement (Republic Airways Holdings Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

Business Day Convention. Notwithstanding anything to If the contrary contained herein, if due date for any date on which a payment of Rent becomes due and payable is not a Business Day, then then, unless otherwise provided herein, such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day next preceding such scheduled date with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on without adjustment in the amount of such payment from and after such scheduled datedue.

Appears in 3 contracts

Samples: Lease Agreement (Western Pacific Airlines Inc /De/), Lease Agreement (Frontier Airlines Inc /Co/), Lease Agreement (Frontier Airlines Inc /Co/)

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Business Day Convention. Notwithstanding anything to If the contrary contained herein, if due date for any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall will be made on the Business Day next succeeding Business Day such due date with the same force and effect as if made on such scheduled due date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on without adjustment in the amount of such payment from and after such scheduled datedue.

Appears in 1 contract

Samples: Aircraft Lease Shared Terms (Aircastle LTD)

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