Common use of Non-Business Days Clause in Contracts

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 235 contracts

Samples: Credit Agreement (Air T Inc), Credit Agreement (Investors Real Estate Trust), Credit Agreement (Whitestone REIT Operating Partnership, L.P.)

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Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (other than of principal of or interest on the Loans) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 58 contracts

Samples: Term Loan Agreement (Sanara MedTech Inc.), Term Loan Agreement (Silk Road Medical Inc), Loan Agreement (Valeritas Holdings Inc.)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 21 contracts

Samples: Forbearance Agreement (Icagen, Inc.), Forbearance Agreement (Icagen, Inc.), Credit Agreement and Guaranty (Biodesix Inc)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount thereon shall continue to accrue during and be payable for the period of such extension at extension; provided that if such next succeeding Business Day would fall after the rate per annum then in effectMaturity Date, which accrued amount payment shall be due and payable made on the next scheduled date for the payment of interestimmediately preceding Business Day.

Appears in 15 contracts

Samples: Credit Agreement and Guaranty (Athenex, Inc.), Credit Agreement and Guaranty (Adma Biologics, Inc.), Credit Agreement and Guaranty (Harrow Health, Inc.)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 12 contracts

Samples: Pledge Agreement, Revolving Credit Agreement (SecureWorks Corp), Revolving Credit Agreement (SecureWorks Corp)

Non-Business Days. If the payment of any payment obligation or the performance of any covenant, duty or obligation hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment or performance shall be extended to the next succeeding Business Day on which date such payment or performance shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 12 contracts

Samples: Credit Agreement (Limbach Holdings, Inc.), Joint Venture Agreement (Limbach Holdings, Inc.), Credit Agreement (American CyberSystems Inc)

Non-Business Days. If Whenever any payment hereunder becomes to be made shall be due and payable on a day which is not a non-Business Day, the due date of such payment shall may be extended to due on the next succeeding Business Day on which date and such payment next succeeding day shall be due and payable. In included in the case calculation of any payment the amount of principal falling due on a day which is not a Business Day, accrued interest payable on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestdate.

Appears in 8 contracts

Samples: Securities Purchase Agreement (Virtual Piggy, Inc.), Axs One Inc, Unify Corp

Non-Business Days. If Whenever any payment to be made hereunder becomes or under any Note shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment (except as otherwise provided in Section 2.7 hereof) and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 7 contracts

Samples: Credit Agreement (Gerdau Ameristeel Corp), Credit Agreement (Maverick Tube Corporation), Credit Agreement (Gerdau Ameristeel Corp)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 5 contracts

Samples: Credit Agreement (Molecular Templates, Inc.), Credit Agreement (Kadmon Holdings, LLC), Credit Agreement and Guaranty (Aquestive Therapeutics, Inc.)

Non-Business Days. If the payment of any payment obligation or the performance of any covenant, duty or obligation hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 5 contracts

Samples: Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (other than of principal of or interest on the Loans) would otherwise fall on a day which that is not a Business Day, unless otherwise provided under the due terms of this Agreement, such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. If the due date of any payment under this Agreement of principal falling due of or interest on the Loans would otherwise fall on a day which that is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount payment shall be due and payable on made in accordance with the next scheduled date for the payment definition of interest“Payment Date.

Appears in 4 contracts

Samples: Term Loan Agreement (Strongbridge Biopharma PLC), Subordination Agreement (Strongbridge Biopharma PLC), Term Loan Agreement

Non-Business Days. If Whenever any payment to be made hereunder becomes or ----------------- under any Note or any report or information to be delivered hereunder shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment (except as otherwise provided in Section 2.07) and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 4 contracts

Samples: Credit Agreement (Pure Resources Inc), Credit Agreement (Pure Resources Inc), Credit Agreement (Pure Resources Inc)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business DayDay (unless otherwise specified herein), the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment Day, and interest shall be due and payable. In the case of payable for any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date so extended for the payment period of interestsuch extension.

Appears in 4 contracts

Samples: Credit Agreement (PCT LLC), Credit Agreement (PCT LLC), Credit Agreement (Pampa Energy Inc.)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.. Section 11.3

Appears in 3 contracts

Samples: Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Construction Co Inc)

Non-Business Days. If Except in the case of any payment hereunder becomes to be made on any Payment Date, if the due and payable date of any payment under this Agreement (whether in respect of principal, interest, fees, costs or otherwise, but excluding the Stated Maturity Date) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 3 contracts

Samples: Credit Agreement and Guaranty (C4 Therapeutics, Inc.), Credit Agreement and Guaranty (C4 Therapeutics, Inc.), Credit Agreement (Agile Therapeutics Inc)

Non-Business Days. If Unless otherwise specified in this Agreement, if the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount thereon shall continue to accrue during and be payable for the period of such extension at extension; provided that if such next succeeding Business Day would fall after the rate per annum then in effectMaturity Date, which accrued amount payment shall be due and payable made on the next scheduled date for the payment of interestimmediately preceding Business Day.

Appears in 3 contracts

Samples: Credit Agreement and Guaranty (scPharmaceuticals Inc.), Credit Agreement (Fractyl Health, Inc.), Credit Agreement and Guaranty (Seres Therapeutics, Inc.)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (other than of principal of or interest on the Loans or the Notes) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 3 contracts

Samples: Term Loan Agreement (Corium International, Inc.), Term Loan Agreement (Corium International, Inc.), Term Loan Agreement (Corium International, Inc.)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In and, in the case of any payment of principal falling due on a day which is not a Business Day, interest on accruing Fees such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount Fees shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 3 contracts

Samples: Master Digital Currency Loan Agreement (Argo Blockchain PLC), Master Loan Agreement (Bullish), Master Loan Agreement (Bullish)

Non-Business Days. If Whenever any payment hereunder becomes or under the ----------------- Notes is due and payable on a day which is not a Business Day, the due date of such payment shall may be extended to made on the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during and such extension at the rate per annum then of time shall in effect, which accrued amount shall each such case be due and payable on the next scheduled date for the payment of interestincluded in computing interest in connection with such payment.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Carbide Graphite Group Inc /De/), Credit Agreement (Igate Capital Corp), Credit Agreement (Spectrum Control Inc)

Non-Business Days. If Whenever any payment hereunder under the Finance Documents becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, then the due date shall instead be the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not). During any extension of the due date for payment of any principal under this Agreement interest shall be payable on such the principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestoriginal due date.

Appears in 3 contracts

Samples: Facility Agreement (Security Capital U S Realty), Facility Agreement (Security Capital U S Realty), Facility Agreement (Security Capital U S Realty)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount thereon shall continue to accrue during and be payable through the period of such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 3 contracts

Samples: Credit Agreement (Sonendo, Inc.), Credit Agreement and Guaranty (Sonendo, Inc.), Credit Agreement and Guaranty (Sonendo, Inc.)

Non-Business Days. If Whenever any payment to be made hereunder becomes shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 2 contracts

Samples: Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)

Non-Business Days. If Whenever any payment to be made ----------------- hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended stated to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount payment shall be due and payable made on the next scheduled date for succeeding Business Day, and such extension of time shall in such case be included in the payment computation of interest, commission or fee, as the case may be. SECTION 2.11.

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (Nevada Power Co), Credit and Reimbursement Agreement (Nevada Power Co)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest. Section 11.3.

Appears in 2 contracts

Samples: Long Term Multicurrency Credit Agreement (Anicom Inc), Term Credit Agreement (Anicom Inc)

Non-Business Days. If Whenever any payment to be made hereunder becomes or under any Note shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment (except as otherwise provided in Section 2.6) and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 2 contracts

Samples: Credit Agreement (Hallwood Group Inc), Credit Agreement (Hallwood Group Inc)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business DayDay (unless otherwise specified herein), the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In (or, in the case of any payment of principal falling due on a day which is not a the Maturity Date, the immediately preceding Business Day), and interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for any principal so extended for the payment period of interestsuch extension.

Appears in 2 contracts

Samples: Vista Oil & Gas, S.A.B. De C.V., Vista Oil & Gas, S.A.B. De C.V.

Non-Business Days. If Whenever any payment hereunder becomes to be made under this Note shall be due and payable on a day which that is not a Business Day, the due date of such payment shall be extended to due on the next succeeding Business Day on which date and such payment next succeeding day shall be due and payable. In included in the case calculation of any payment the amount of principal falling due on a day which is not a Business Day, accrued interest payable on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestdate.

Appears in 2 contracts

Samples: Carrington Laboratories Inc /Tx/, Carrington Laboratories Inc /Tx/

Non-Business Days. If Whenever any payment to be made hereunder becomes shall be stated to be due and payable on a day which that is not a Business Day, the due date of Day such payment shall be extended to made on the next succeeding Business Day on which date Day, and such extension of time shall in such case be included in the computation of payment shall be due and payable. In of interest or fees, as the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestmay be.

Appears in 2 contracts

Samples: Letter of Credit (Firstenergy Corp), And Reimbursement Agreement (Jersey Central Power & Light Co)

Non-Business Days. If any payment hereunder with respect to the Credit Obligations becomes due and payable on a day which that is not a Business Day, the due date of such payment maturity thereof shall be extended to the next succeeding Business Day on which date such payment shall be due Day, and payable. In in the case of any a payment of principal falling due on a day which is not a Business Dayprincipal, interest on such principal amount shall continue to accrue be payable thereon at the then applicable rate specified in this Agreement during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment period of interestextension.

Appears in 2 contracts

Samples: Credit Agreement (Healthcare Recoveries Inc), Credit Agreement (Healthcare Recoveries Inc)

Non-Business Days. If Subject to Section 1.9(d) hereof, if any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 2 contracts

Samples: Credit Agreement (Apac Teleservices Inc), Credit Agreement (Apac Teleservices Inc)

Non-Business Days. If Whenever any payment to be made hereunder becomes shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment (except as otherwise provided in Section 2.7 hereof) and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 2 contracts

Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension. Section 4.02.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 2 contracts

Samples: Credit Agreement (Birner Dental Management Services Inc), Credit Agreement (First Wave BioPharma, Inc.)

Non-Business Days. If Whenever any payment to be made hereunder becomes or under any Note shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment (except as otherwise provided in Section 2.07 hereof) and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 2 contracts

Samples: Credit Agreement (Sterling Chemical Inc), Credit Agreement (Sterling Chemical Inc)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payablepayable . In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 2 contracts

Samples: Credit Agreement (Reliv International Inc), Credit Agreement (Twin Disc Inc)

Non-Business Days. If any payment hereunder becomes All payments falling due and payable on a day which is not a non-Business Day, the due date of such payment Day shall be extended to paid on the next succeeding Business Day on which date and, if such payment shall be due and payable. In the case of any payment of principal falling due is made on a day which is not a such next succeeding Business Day, no interest shall accrue on the amount of such principal amount payment during such extension (but for the avoidance of doubt, interest shall continue to accrue on all other amounts outstanding under the Transaction Documents during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension).

Appears in 1 contract

Samples: Loan and Security Agreement (Navistar Financial Corp)

Non-Business Days. If Subject to Section 1.7(d) hereof, if any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Diamond Home Services Inc)

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Non-Business Days. If the due date of any payment hereunder becomes due and payable under this ----------------- Agreement would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment Day, and interest shall be due and payable. In the case of payable for any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date so extended for the payment period of interestsuch extension.

Appears in 1 contract

Samples: Credit Agreement (Advo Inc)

Non-Business Days. If Whenever any payment hereunder becomes is stated to be due on a day which is not a Business Day (other than payments, due on the maturity date of each Credit Facility), such payment shall be made on the next succeeding Business Day, and payable such extension of time shall be included in the computation of interest or Fees, as the case may be. Whenever a particular maturity date falls on a day which is not a Business Day, the due date of such payment all payments relating thereto shall be extended to made on the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a last preceding Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Quebecor Media Inc)

Non-Business Days. Section 12.3. Non‑Business Days" \l 2 If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Business Days. If Except as otherwise set forth herein, if any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Hyco International, Inc.)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in -71- effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Ios Brands Corp)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise, but excluding the Stated Maturity Date) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 1 contract

Samples: Security Agreement (Chembio Diagnostics, Inc.)

Non-Business Days. If Whenever any payment hereunder becomes (whether in regard to principal, interest or otherwise) shall become due and payable on a day day, which is not a Business business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which Day. During an extension under this Section of any due date such for payment of any principal sum, interest shall be due and payable. In payable to the case date of any actual payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension sum at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interesthereunder.

Appears in 1 contract

Samples: Interest Bearing Loan (Perpetual Industries Inc.)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any ‑98‑ payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Investors Real Estate Trust)

Non-Business Days. If any payment hereunder becomes due date under these Conditions (including, but not limited to, the Maturity Date and payable the Interest Payment Date) falls on a day which that is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal relevant amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable shall be paid on the next scheduled date Business Day (and no interest shall be calculated with respect to any such postponement, except for the final Interest Payment Date), with the same force and effect as if made on the original payment date. In respect of interestthe final Interest Payment Date, interest shall accrue in accordance with these Conditions until, but excluding, the actual date of payment.

Appears in 1 contract

Samples: www.thaibma.or.th

Non-Business Days. If Whenever any payment to be made hereunder becomes or under any Revolving Credit Note shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment (except as otherwise provided in Section 2.7 hereof) and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 1 contract

Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc)

Non-Business Days. If Subject to Section 1.8, if any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Non-Business Days. Section 12.3.Non-Business Days" \l 2 If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing Fees, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount Fees shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 1 contract

Samples: Master Digital Currency Collar Loan Agreement (Argo Blockchain PLC)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise) would otherwise fall on a day which that is not a Business Day, the due then such date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount thereon shall continue to accrue during and be payable through the period of such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Apyx Medical Corp)

Non-Business Days. If Whenever any payment to be made hereunder becomes or under any Note shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 1 contract

Samples: Credit Agreement (Puretec Corp)

Non-Business Days. If the due date of any payment hereunder becomes due and payable under this Agreement (whether in respect of principal, interest, fees, costs or otherwise) would otherwise fall on a day which that is not a Business Day, the due such date of such payment shall be extended to the next ‑42‑ succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 1 contract

Samples: Credit Agreement (Biodesix Inc)

Non-Business Days. If Subject to Section 1.8 hereof, if any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Apac Customer Service Inc)

Non-Business Days. If Whenever any payment to be made hereunder becomes or under any Term Note shall be stated to be due and payable on a day which is not a Business Day, the due date of such payment thereof shall be extended to the next succeeding Business Day on which date such payment and, with respect to payments of principal, interest thereon shall be due and payable. In payable at the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue applicable rate during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interestextension.

Appears in 1 contract

Samples: Credit Agreement (Hallwood Group Inc)

Non-Business Days. If Subject to Section 1.8(d), if any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Non-Business Days. Section 13.3. Non‑Business Days If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Intl Fcstone Inc.)

Non-Business Days. If any payment hereunder becomes due and payable on a day which that is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement

Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled date for the payment of interest.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Business Days. If any payment hereunder becomes shall be due and payable on a day which that is not a Business Day, the due date of such for payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable. In Day, and, in the case of any payment of principal falling due on a day which is not a Business Dayaccruing interest, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which accrued amount thereon shall be due and payable on the next scheduled date for the payment period of interestsuch extension.

Appears in 1 contract

Samples: Loan Agreement (Erin Energy Corp.)

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