Common use of Time of Payments Clause in Contracts

Time of Payments. Any payment that is due on a day that is not a Business Day may be made on the next Business Day but will bear interest until received in full. All payments must be made in funds which are immediately available on the date on which payment is due.

Appears in 12 contracts

Samples: Credit Agreement (Quebecor Media Inc), Credit Agreement (AbitibiBowater Inc.), Credit Agreement (Cascades Boxboard Group Inc)

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Time of Payments. Any payment that is due on a day that is not a Business Day may be made on the next Business Day but interest and fees will bear interest continue to accrue until received in fullpayment is received. All payments must be made in funds which are immediately available on the date on which payment is due.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Time of Payments. Any payment that is due on a day that is not a Business Day may be made on the next Business Day but will bear interest until received in full. All payments must be made in funds funds, which are immediately available on the date on which payment is due.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless Inc)

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Time of Payments. Any If a payment that is due on a day that is not a Business Day non-business day, such payment may be made on the next Business Day but will bear Day; the interest until received in fullor commissions payable are then calculated taking into account this period. All payments must be made in funds which are immediately available funds on the date on which the payment is due.

Appears in 1 contract

Samples: Loan Agreement (Alithya Group Inc)

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