Common use of Timing of Payment or Performance Clause in Contracts

Timing of Payment or Performance. Except as otherwise provided herein, when the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend to the immediately succeeding Business Day, and in the case of payments, such extension of time shall be included in the computation of interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Redaptive, Inc.), Term Loan, Security and Guaranty Agreement (Venoco, Inc.)

AutoNDA by SimpleDocs

Timing of Payment or Performance. Except as otherwise provided herein, when When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend to the immediately succeeding Business Day, and in the case of payments, such extension of time shall be included in the computation of interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.

Appears in 1 contract

Samples: Credit Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

Timing of Payment or Performance. Except as otherwise provided herein, when the When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period” or as otherwise expressly provided herein) or performance shall extend to the immediately succeeding Business Day, and and, in the case of paymentsany payment accruing interest, such extension of time interest thereon shall be included in payable for the computation period of interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.such extension. LEGAL_US_E # 159035042.9

Appears in 1 contract

Samples: Credit Agreement (Victory Capital Holdings, Inc.)

Timing of Payment or Performance. Except as otherwise provided herein, when the When payment of any obligation is stated to be due or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and and, in the case of paymentsany payment accruing interest, such extension of time interest thereon shall be included in payable for the computation period of interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.such extension. Section 1.07

Appears in 1 contract

Samples: Credit Agreement (Midwest Holding Inc.)

Timing of Payment or Performance. Except as otherwise provided herein, when the When payment of any obligation is stated to be due or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day, and and, in the case of paymentsany payment accruing interest, such extension of time interest thereon shall be included in payable for the computation period of interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.such extension. ARTICLE II

Appears in 1 contract

Samples: Credit Agreement (Athene Holding LTD)

AutoNDA by SimpleDocs

Timing of Payment or Performance. Except as otherwise expressly provided herein, when the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend to the immediately succeeding Business DayDay (other than with respect to the applicable Maturity Date, and in the case of payments, which such extension of time payment or performance shall be included in required on the computation of interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.immediately preceding Business Day). ARTICLE II

Appears in 1 contract

Samples: New Residential Investment Corp.

Timing of Payment or Performance. Except as otherwise expressly provided herein, when the payment of any obligation or the performance of any covenant, duty duty, or obligation is stated to be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and in the case of payments, such extension of time shall be included reflected in the computation of computing interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.

Appears in 1 contract

Samples: Credit Agreement (Surgery Partners, Inc.)

Timing of Payment or Performance. Except as otherwise provided herein, when the payment of any obligation or the performance of any covenant, duty duty, or obligation is stated to 84 be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day, and in the case of payments, such extension of time shall be included reflected in the computation of computing interest or fees, as the case may be, without duplication of any interest or fees so paid in the next subsequent calculation of interest or fees payable.

Appears in 1 contract

Samples: Lien Credit Agreement (HireRight GIS Group Holdings, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.