Common use of Nonbusiness Days Clause in Contracts

Nonbusiness Days. Any action that is due under any Loan Document on a non-Business Day may be delayed until the next Business Day. However, interest accrues on any payment until it is made.

Appears in 5 contracts

Samples: Loan Agreement (Matrix Capital Corp /Co/), Loan Agreement (Imc Mortgage Co), Loan and Security Agreement (Ryland Group Inc)

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Nonbusiness Days. Any In any case where any payment or action that is due under any Loan Document Paper on a non-day which is not a Business Day Day, such payment or action may be delayed until the next next-succeeding Business Day. However, but interest accrues on and fees shall continue to accrue in respect of any payment until to which it is applicable until such payment is in fact made.

Appears in 2 contracts

Samples: , and Consolidated Credit Agreement (Bank of America Corp /De/), Term Loan Agreement (Dobson Communications Corp)

Nonbusiness Days. Any action that is due under any Loan Document on ---------------- a non-Business Day may be delayed until the next Business Day. However, interest accrues on any payment until it is made.

Appears in 2 contracts

Samples: Credit Agreement (Matrix Bancorp Capital Trust I), Credit Agreement (Matrix Capital Corp /Co/)

Nonbusiness Days. Any action that is due under any Loan Document Paper on a non-Business Day may be delayed until the next Business Day. However, interest accrues on any payment until it is made.

Appears in 1 contract

Samples: Loan and Security Agreement (Ryland Group Inc)

Nonbusiness Days. Any In any case where any payment or action that is due under any Loan Document Paper on a non-day which is not a Business Day Day, such payment or action may be delayed until the next Business Day. However, interest accrues on any payment until it is made.next-succeeding

Appears in 1 contract

Samples: Credit Agreement (Worldcom Inc /Ga/)

Nonbusiness Days. Any action that is due under any Loan Credit Document on a non-Business Day may be delayed until the next Business Day. However, interest accrues on any payment until it is made.. Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (American Business Financial Services Inc /De/)

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Nonbusiness Days. Any action that is due under any Loan Credit Document on a non-Business Day may be delayed until the next Business Day. However, interest accrues on any payment until it is made.

Appears in 1 contract

Samples: Credit Agreement (American Business Financial Services Inc /De/)

Nonbusiness Days. Any In any case where any payment or action that is due under any Loan Document on a non-day which is not a Business Day Day, such payment or action may be delayed until the next Business Day. However, interest accrues on any payment until it is made.next-succeeding

Appears in 1 contract

Samples: Revolving Credit Agreement (Intermedia Communications Inc)

Nonbusiness Days. Any action that is due under any Loan Document on a ---------------- non-Business Day may be delayed until the next Business Day. However, interest accrues on any payment until it is made.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Commercial Funding Corp /Ny/)

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