Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on the indebtednesses evidenced by the Notes shall fall due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.
Appears in 4 contracts
Sources: Loan Agreement (Direct General Corp), Loan Agreement (Direct General Corp), Loan Agreement (Direct General Corp)
Payment on Non-Business Days. Whenever If any payment of principal, interest or fees to be made on hereunder or under the indebtednesses evidenced by the Notes Note shall fall be stated to be due on a day which is not a Business Day, such payment shall may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 4 contracts
Sources: Loan Agreement (Bal Rivgam Wireless Inc), Loan Agreement (East West Communications Inc), Loan Agreement (Lynch Corp)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be ---------------------------- made on hereunder or under the indebtednesses evidenced by the Notes Revolving Note shall fall be stated to be due on a day which is not a Business Day, such payment shall may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 4 contracts
Sources: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on the indebtednesses evidenced by the Notes hereunder or under any Note shall fall be stated to be due on a day which is not a Business Day, such payment shall may be 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 hereunder or under the Notes.
Appears in 3 contracts
Sources: Loan and Security Agreement (DSG International LTD), Loan and Security Agreement (Innotrac Corp), Loan and Security Agreement (Innotrac Corp)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on hereunder or under the indebtednesses evidenced by the Notes Restructured Loans shall fall be stated to be due on a day which is not a Business Day, such payment shall may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 2 contracts
Sources: Loan Restructure Agreement (Komag Inc /De/), Loan Restructure Agreement (Komag Inc /De/)
Payment on Non-Business Days. Whenever any payment of principal, interest to ---------------------------- be made hereunder or fees under the Revolving Note shall be stated to be made on the indebtednesses evidenced by the Notes shall fall due on a day which is not a Business Day, such payment shall may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 2 contracts
Sources: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)
Payment on Non-Business Days. Whenever If any payment of principal, interest amount hereunder or fees to be made on the indebtednesses evidenced by under the Notes shall fall become due on a day which is not a Business Day, then such payment shall be made on the next first Business Day following the day on which such payment shall have so fallen due, without including the additional days elapsed in the computation of the interest payable on such succeeding Business Day.
Appears in 2 contracts
Sources: Subordination Agreement (Aerocentury Corp), Subordination Agreement (Dwyer Group Inc)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on the indebtednesses evidenced by the Notes hereunder shall fall be stated to be due on a day which that is not a Business Day, such payment shall may be made on the next succeeding Business DayDay (except as provided in the definition of Interest Payment Date), and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 1 contract
Sources: Credit Agreement (Stormedia Inc)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on hereunder or under the indebtednesses evidenced by the Notes Revolving Note shall fall be stated to be due on a day which is not a Business Day, such payment shall may be made on the next succeeding Business DayDay and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 1 contract
Sources: Credit Agreement (Komag Inc /De/)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on the indebtednesses evidenced by the Notes Note shall fall due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.
Appears in 1 contract
Sources: Loan Agreement (Direct General Corp)
Payment on Non-Business Days. Whenever any payment of principal, interest or fees to be made on hereunder or under the indebtednesses evidenced by the Revolving Notes shall fall be stated to be due on a day which is not a Business Day, such payment shall may be made on the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.
Appears in 1 contract
Sources: Credit Agreement (Komag Inc /De/)