Extension of Maturity. Except as otherwise specifically provided in Article 7, should any payment of principal of or interest on the Notes or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.
Appears in 9 contracts
Samples: Credit Agreement (PHH Corp), Competitive Advance and Revolving Credit Agreement (PHH Corp), Credit Agreement (Cendant Corp)
Extension of Maturity. Except as otherwise specifically provided in Article 78 hereof, should any payment of principal of or interest on the Notes or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.
Appears in 7 contracts
Samples: Credit Agreement (Cendant Corp), 364 Day Competitive Advance and Revolving Credit Agreement (HFS Inc), Credit Agreement (Cendant Corp)
Extension of Maturity. Except as otherwise specifically provided in Article 7, should Should any payment of principal of or interest on the Notes or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.
Appears in 5 contracts
Samples: Revolving Credit and Guaranty Agreement (Flagstar Companies Inc), Revolving Credit Agreement (Payless Cashways Inc), Credit and Guaranty Agreement (Alliance Entertainment Corp)
Extension of Maturity. Except as otherwise specifically provided in Article 78 hereof, should any payment of principal of or interest on the Term Notes or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.
Appears in 3 contracts
Samples: Term Loan Agreement (Cendant Corp), Term Loan Agreement (Cendant Corp), Term Loan Agreement (Cendant Corp)
Extension of Maturity. Except as otherwise specifically provided in Article 71 or 8 hereof, should any payment of principal of or interest on the Notes or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.
Appears in 2 contracts
Samples: Credit Agreement (Cendant Corp), Cendant Corp
Extension of Maturity. Except as otherwise specifically provided in Article 7, should Should any payment of principal of or interest on the Notes Note or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified in the Notes during such extension.
Appears in 1 contract
Samples: Lease Agreement (Showboat Inc)
