Common use of Business Days Clause in Contracts

Business Days. Whenever any payment shall be due under this Note on a day which is not a Business Day, the date on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then payable.

Appears in 14 contracts

Samples: Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust), Credit Agreement (Camden Property Trust)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 11 contracts

Samples: Day Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.), Five Year Credit Agreement (Stanley Black & Decker, Inc.)

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Business Days. Whenever If the date for any payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of this Agreement the date on which such payment is due same shall be extended deemed to have fallen on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payableor commission, as the case may be.

Appears in 8 contracts

Samples: Guaranty Agreement (Circor International Inc), Guaranty Agreement (Circor International Inc), Letter of Credit and Reimbursement Agreement (Medical Action Industries Inc)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor facility fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 6 contracts

Samples: Credit Agreement (Stanley Works), Credit Agreement (Stanley Works), Credit Agreement (Stanley Works)

Business Days. Whenever If the date for any payment, prepayment, Periodic Reduction, or fee payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of this Agreement (unless otherwise provided herein) the date on which such payment is due same shall be extended deemed to have fallen on the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payableinterest.

Appears in 6 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

Business Days. Whenever If any payment shall be hereunder becomes due under this Note and payable on a day which is not other than a Business Day, the date on which such payment is due shall be extended to the next succeeding Business Day, and Day unless the result of such extension of time would be to extend such payment into another calendar month, in which event such payment shall be included in made on the computation immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the amount of preceding sentence, interest then payablethereon shall be payable at the Debt Rate during such extension.

Appears in 6 contracts

Samples: Loan Agreement (Airtran Holdings Inc), Loan Agreement (Airtran Holdings Inc), Loan Agreement (Airtran Holdings Inc)

Business Days. Whenever any payment to be made hereunder shall be stated to be due under this Note on a day which that is not a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the amount payment of interest then payablehereunder.

Appears in 6 contracts

Samples: Credit and Security Agreement (Transphorm, Inc.), Credit Agreement (XINHUA SPORTS & ENTERTAINMENT LTD), Credit Agreement (Tridex Corp)

Business Days. Whenever If the date for any payment, prepayment or fee payment shall be due under this Note hereunder falls on a day which is not a Business Day, then for all purposes of this Agreement (unless otherwise provided herein) the date on which such payment is due same shall be extended deemed to have fallen on the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest then payableinterest.

Appears in 5 contracts

Samples: Credit Agreement (Evergreen Resources Inc), Loan Agreement (Exploration Co of Delaware Inc), Credit Agreement (Evergreen Resources Inc)

Business Days. Whenever If the date for any payment shall be due under this Note Agreement falls on a day which that is not a Business Day, then for all purposes of the date on which such payment is due Notes and this Agreement the same shall be extended deemed to have fallen on either (a) the next succeeding following Business Day, and such extension of time shall in such case be included in the computation of the amount payments of interest and fees or (b) if the next following Business Day is in another calendar month and payment is being made with respect to a Eurodollar Advance, then payableon the immediately previous Business Day.

Appears in 5 contracts

Samples: Loan Agreement (Lennar Corp /New/), Loan Agreement, Loan Agreement (Lennar Corp /New/)

Business Days. Whenever If this Note or any payment shall be hereunder becomes due under this Note on a day which is not a Business Day, the due date on which such of this Note or payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of computing interest then payableand fees in connection with such payment.

Appears in 5 contracts

Samples: Credit Facility Agreement (Document Security Systems Inc), Document Security Systems Inc, Document Security Systems Inc

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of the amount any payment of default interest then payableor fees.

Appears in 4 contracts

Samples: Facility Agreement (ACE LTD), Facility Agreement (ACE LTD), Facility Agreement (ACE LTD)

Business Days. Whenever If any payment shall be due under on this Note becomes due and payable on a day which is not other than a Business Day, the date on which such payment is due shall be extended to the next succeeding Business DayDay and, and such extension of time with respect to any payment which bears interest, interest thereon shall be included in payable at the computation of the amount then applicable rate of interest then payableas herein provided during such extension.

Appears in 4 contracts

Samples: Optical Cable Corp, Optical Cable Corp, Optical Cable Corp

Business Days. Whenever any payment to be made hereunder or under any Note shall be due under this Note on a day which is not a Business Day, the due date on which such payment is due thereof shall be extended to the next succeeding Business Day, and provided, that should such extension of time next succeeding Business Day fall in the next calendar month, such due date shall be included in the computation of the amount of interest then payableimmediately preceding Business Day.

Appears in 4 contracts

Samples: Financing Agreement (Nortel Networks LTD), Financing Agreement (Impsat Fiber Networks Inc), Financing Agreement (Impsat Fiber Networks Inc)

Business Days. Whenever any payment shall be hereunder or with respect to the Loan is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall will be extended to made on the next succeeding Business Day, and such extension of time shall will in such case be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 4 contracts

Samples: Credit Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes), Secured Revolving Credit Loan Agreement (Owens Realty Mortgage, Inc.)

Business Days. Whenever any payment to be made hereunder or under any Note shall be due under this Note on a day which is not a Business Day, the due date on which such payment is due thereof shall be extended to the next succeeding Business Day, and provided that should such extension of time next succeeding Business Day fall in the next calendar month, such due date shall be included in the computation of the amount of interest then payableimmediately preceding Business Day.

Appears in 3 contracts

Samples: Financing Agreement (Impsat Fiber Networks Inc), Accounts Payable Financing Agreement (Nortel Networks Corp), Financing Agreement (Impsat Fiber Networks Inc)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, facility fee or utilization fee, as the amount case may be; provided that if such extension would cause payment of interest then payableon or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Stanley Works), Credit Agreement (Stanley Works), Credit Agreement (Stanley Works)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the amount case may be; subject to the provisions set forth in the definition of interest then payable"Interest Period."

Appears in 3 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Business Days. Whenever If any Obligation or any payment shall be hereunder becomes due under this Note on a day which is not a Business Day, the due date on which such of the Obligation or payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of computing interest then payableand fees in connection with such payment.

Appears in 3 contracts

Samples: Credit Facility Agreement (Document Security Systems Inc), Credit Facility Agreement (Document Security Systems Inc), Credit Facility Agreement (Graham Corp)

Business Days. Whenever If this Revolving Line Note or any payment shall be hereunder becomes due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time but any interest or fees shall be included in calculated based upon the computation actual time of the amount of interest then payablepayment.

Appears in 2 contracts

Samples: Credit Facility Agreement (Graham Corp), Credit Facility Agreement (Graham Corp)

Business Days. Whenever any payment or other Secured Indebtedness hereunder or under any Note shall be become due under this Note on a day which that is not a Business Day, the due date on which such payment is due therefor shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then payable.

Appears in 2 contracts

Samples: Loan and Security Agreement (Exabyte Corp /De/), Loan and Security Agreement (Exabyte Corp /De/)

Business Days. Whenever any payment to be made hereunder shall be stated to be due under this Note on a day which that is not a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, Day (subject to the definition of Interest Period) and such extension of time shall be included in the computation of the amount payment of interest then payablehereunder.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Mediabay Inc)

Business Days. Whenever any payment shall be hereunder or under the Note is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall will be extended to made on the next succeeding Business Day, and such extension of time shall will in such case be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 2 contracts

Samples: Credit Loan Agreement (Crescent Operating Inc), Modification Agreement (Crescent Operating Inc)

Business Days. Whenever any payment shall be due under this Note Agreement becomes due on a day which is not other than a Business Day, the date payment will be made on which such payment is due shall be extended to the next succeeding Business Day, and such the extension of time shall be included in the computation of interest or fees, as applicable; subject to the amount of interest then payableprovisions set forth in the defined term Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, facility fee or utilization fee, as the amount case may be; provided that if such extension would cause payment of interest then payableon or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Stanley Works), Credit Agreement (Stanley Works)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the amount case may be; subject to the provisions set forth in the definition of interest then payable"Interest Period".

Appears in 2 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Business Days. Whenever If the date for any payment shall be due under this Note on hereunder is a day which is not a Business Day, then for all purposes of this Reimbursement Agreement the date on which such payment is then due shall be extended to made on the next succeeding following Business Day, and such extension of time shall in each case be included in the any computation of the amount payments of interest then payableinterest.

Appears in 2 contracts

Samples: Reimbursement Agreement (Human Genome Sciences Inc), Reimbursement Agreement (Human Genome Sciences Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payable.or commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Term SOFR Advances or EURIBOR Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 364-DAY CREDIT AGREEMENT

Appears in 2 contracts

Samples: Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. PAYMENT ON NON-BUSINESS DAYS Whenever any payment to be made under this Agreement shall be stated to be due under this Note on a day which is not a Business Day, the date on which such payment is due shall be extended to made on the next succeeding day which is a Business Day, and such extension of time shall in such case be included in the computation of interest payable on the amount of interest then payableapplicable Loan.

Appears in 1 contract

Samples: Shareholder's Loan Agreement (WSP Holdings LTD)

Business Days. Whenever any payment to be made hereunder or under the Notes shall be stated to be due under this Note on a any day which is not other than a Business Day, the date on which then, except as otherwise provided in Section 2.4 hereof, such payment is due shall be extended to made on the next succeeding Business Day, Day and such extension of time shall in such case be included in the computation of the amount payment of interest then payable(or commitment fee).

Appears in 1 contract

Samples: Credit Agreement (Careadvantage Inc)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency RateTerm SOFR Advances or XXXXXXX Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 1 contract

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payable.or commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 364-DAY CREDIT AGREEMENT

Appears in 1 contract

Samples: Day Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of the amount payment of interest or fees, as the case may be; provided, however, that, if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, then payablesuch payment shall be made on the next preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Murphy Oil Corp /De)

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Business Days. etc. Whenever any payment shall be or other obligation hereunder or under any of the Notes or Loan Documents is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to paid or performed on the Business Day next succeeding Business Dayfollowing the prescribed due date, and such extension of time shall be included in the computation of the amount of interest then payableand charges.

Appears in 1 contract

Samples: Loan and Security Agreement (Sjit Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 1 contract

Samples: Assignment and Assumption (American Realty Capital Trust, Inc.)

Business Days. Whenever any payment shall be hereunder or under the Notes is due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall will be extended to made on the next succeeding Business Day, and such extension of time shall will in such case be included in the computation of interest or fees, as the amount of interest then payablecase may be.

Appears in 1 contract

Samples: Loan Agreement (Udc Homes Inc)

Business Days. Whenever If any date on which payment shall is scheduled to be due under this Note on a day which made is not a Business Day, the date payment will be made on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount payment of interest then payablehereunder.

Appears in 1 contract

Samples: Investment Agreement (Lombard Medical, Inc.)

Business Days. Whenever If the date for any payment shall be due under this Note on hereunder is a day which is not a Business Day, then for all purposes of this Letter of Credit Agreement, the date on which such payment is then due shall be extended to made on the next succeeding following Business Day, and such extension of time shall in each case be included in the any computation of the amount payments of interest then payableinterest.

Appears in 1 contract

Samples: Letter of Credit Agreement (Avalon Pharmaceuticals Inc)

Business Days. Whenever any payment hereunder shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableor commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Term SOFR Advances or EURIBOR Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever If any payment shall be due amount payable under this Note is due on a day which that is not a Business Day, the date on which such payment is due amount shall be extended to due on the next succeeding such Business Day, Day and such extension of time shall be included taken into account in the computation of calculating the amount of interest then payablepayable under this Note.

Appears in 1 contract

Samples: Patent Sale Agreement (BLACKBERRY LTD)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payableinterest.

Appears in 1 contract

Samples: Loan Agreement (Florida Panthers Holdings Inc)

Business Days. Whenever any payment shall is due, or obligation is to be due under this Note performed hereunder on a day which is not a Business Day, the date on which such payment is due shall may be extended to made or obligation performed on the next succeeding Business Day, and such . Such extension of time shall shall, in such case, be included in the computation of the amount of any interest then payableor fees.

Appears in 1 contract

Samples: Credit Facility Agreement (Detection Systems Inc)

Business Days. Whenever any payment by the Commission under any provision of this Agreement or any Related Document shall be due under this Note on a day day, which is not a Business Day, the date on which such for payment is due thereof shall be extended extended, without penalty, to the next succeeding Business Day, and such extension of extended time shall be included in the computation of the amount of interest then payablefees or interest, as applicable.

Appears in 1 contract

Samples: Additional Covenant and Term Loan Agreement

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payable.or commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Term SOFR Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 364-DAY CREDIT AGREEMENT

Appears in 1 contract

Samples: Day Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever any payment shall be is due under this Note on a day which is not a Business Day, the date on which such payment is due shall be extended to the next succeeding Business Day, and such extension of time shall be included including in the computation of the amount of computing interest then payableand fees in connection with such payment.

Appears in 1 contract

Samples: Credit Facility Agreement (Graham Corp)

Business Days. Whenever If the due date of any payment shall be due under this Note hereunder would otherwise fall on a day which is not a Business Day, the date on which then such payment is due shall be extended to due on the next succeeding Business Day, Day and such extension of time interest shall be included in payable on the computation of the principal amount of interest then payablesuch payment for the period of such extension.

Appears in 1 contract

Samples: Escrow Agreement (Ahl Services Inc)

Business Days. Whenever If any payment shall be due under of principal or interest on this Note shall become due on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the amount of computing interest then payablein connection with such payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Harvest Natural Resources, Inc.)

Business Days. Whenever any payment hereunder or under the Notes shall be stated to be due under this Note on a day which is not other than a Business Day, the date on which such payment is due shall be extended to made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount payment of interest then payable.or commitment fee, as the case may be; provided that if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. FIVE YEAR CREDIT AGREEMENT

Appears in 1 contract

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.)

Business Days. Whenever any payment hereunder shall be become due under this Note and ------------- payable on a day which is not a Business Day, the date on which such payment is due shall may be extended to made on the next succeeding Business Day, Day and such extension of time shall in such case be included in the computation of the amount of computing interest then payablein connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

Business Days. Whenever any payment of principal or interest under this Note shall be due under this Note on a day which is not a Business Day, the date on which such for payment is due thereof shall be extended to the next succeeding Business Day, and such extension of time shall be included in the computation of the amount of interest then due and payable.

Appears in 1 contract

Samples: Security Agreement (American Residential Services Inc)

Business Days. Whenever Unless expressly stated otherwise, any payment shall which would otherwise be due under this Note on a day which is not a Business Day, the date on which such payment is due Day shall be extended to due on the next succeeding Business Day, and . During any such extension of time the due date for the payment of any sum, interest shall be included in payable on that sum at the computation of rate applicable before the amount of interest then payableoriginal due date.

Appears in 1 contract

Samples: Loan Agreement

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