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

Payments on Non-Business Days. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Note Purchase Agreement (Merida Merger Corp. I)

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Payments on Non-Business Days. If Whenever any payment to be made ----------------------------- hereunder shall be due on a day that is not a Business Day, the date for such payment shall instead be extended to made on the next succeeding Business Day andDay, in the case of any payment accruing interest, together with interest thereon shall be payable for accrued during the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Magna Entertainment Corp)

Payments on Non-Business Days. If any payment hereunder shall be due on a day that is not a Business Daybusiness day, the date for payment shall be extended to the next succeeding Business Day business day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Note Purchase Agreement (Aziyo Biologics, Inc.)

Payments on Non-Business Days. If any payment hereunder shall be under the Note, ----------------------------- this Agreement or any of the other Loan Documents becomes due and payable on a day that is not a Business Day, the due date for payment thereof shall be extended to the next succeeding Business Day and, and such extension of time in each case shall be included in the case computation of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Loan Agreement (Eastgroup Properties Inc)

Payments on Non-Business Days. If Whenever any payment to be made ----------------------------- hereunder shall be stated to be due on a day that which is not a Business Day, the due date for payment thereof shall be extended to the next succeeding Business Day and, in the case if a payment of any payment accruing interestprincipal has been so extended, interest thereon shall be payable for on such principal at the period of applicable rate during such extension.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

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Payments on Non-Business Days. If Whenever any payment to be made ---------------------------------- hereunder shall be stated to be due on a day that which is not a Business Day, the due date for payment thereof shall be extended to the next succeeding Business Day and, in the case if a payment of any payment accruing interestprincipal has been so extended, interest thereon shall be payable for on such principal at the period of applicable rate during such extension.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

Payments on Non-Business Days. If any payment hereunder shall be ----------------------------- due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Smithfield Foods Inc)

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