Common use of Payments on Non-Business Days Clause in Contracts

Payments on Non-Business Days. Whenever payment shall fall due on a day which is not a BUSINESS DAY, payment shall be made on the next succeeding BUSINESS DAY, unless such BUSINESS DAY falls in the following calendar month, in which case payment shall be due on the next preceding BUSINESS DAY.

Appears in 8 contracts

Samples: Uncommitted and Revolving Credit Line Agreement (Thorne Healthtech, Inc.), Uncommitted and Revolving Credit Line Agreement (Thorne Healthtech, Inc.), Uncommitted and Revolving Credit Line Agreement (SITIME Corp)

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Payments on Non-Business Days. Whenever any payment to be made hereunder or under any of the Notes shall fall be stated to be due on a day which is not a BUSINESS DAYBusiness Day, payment the due date thereof shall be made on extended to the next succeeding BUSINESS DAY, unless such BUSINESS DAY falls in the following calendar month, in which case payment shall be due on the next preceding BUSINESS DAYBusiness Day.

Appears in 1 contract

Samples: Master Facility Agreement (Brewer C Homes Inc)

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Payments on Non-Business Days. Whenever payment shall fall due on a day which is not a BUSINESS DAY, payment shall be made on the next succeeding BUSINESS DAY, unless such BUSINESS DAY falls in the following calendar month, in which case payment shall be due on the next preceding BUSINESS DAY. ARTICLE III CONDITIONS PRECEDENT SECTION 3.01.

Appears in 1 contract

Samples: www.sec.gov

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