Common use of Interest Payment Dates; Interest and Fee Basis Clause in Contracts

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions and fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate). Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Midas Inc), Credit Agreement (Midas Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, Closing Date and at maturity. Interest at the Floating Rate shall be calculated for actual days elapsed on the basis of a 365-day (366-day in leap year) basis. Interest accrued on each Eurodollar Advance shall be payable on the first Business Day following the last day of its applicable Eurodollar Interest Period (or if the applicable Eurodollar Interest Period is greater than three months, on the first Business Day following the last day of the third month of such Eurodollar Interest Period), on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each at the Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Rate and fees shall be calculated for actual days elapsed on the basis of a 360-360 day year (or a year of 365/366 days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate)year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local 12:00 p.m. Chicago time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate ABR Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Interest, commitment fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except for interest on any Loans denominated in British Pounds Sterling which shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Kimball International Inc), Credit Agreement (Kimball International Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, Closing Date and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Eurodollar Advances, commitment fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year. Interest on Floating Rate Advances shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local 12:00 noon, New York City time) , at the place of payment. If any payment of principal of or interest on an Advance or other amount hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except for interest on Loans denominated in British Pounds Sterling which shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Covansys Corp), Credit Agreement (Covansys Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such date Payment Date to occur after the date hereof, Effective Date and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except that Interest at the Prime Rate shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365 or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such paymentDay.

Appears in 2 contracts

Sources: Amendment Agreement (Polaris Industries Inc/Mn), Credit Agreement (Polaris Industries Inc/Mn)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Eurodollar Advances and commitment and letter of credit fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year. Interest on Floating Rate Advances shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365, or when appropriate, 366 day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance or of any fees shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 2 contracts

Sources: Credit Agreement (Valley National Gases Inc), Credit Agreement (Valley National Gases Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance shall be payable on each Monthly Payment Date, commencing with the first such date Monthly Payment Date to occur after the date hereofOctober 19, 2019 and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months (3) months, if any, shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. Interest on all Credit Extensions Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate)year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon 10:00 a.m. (local Pacific time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such paymentDay.

Appears in 2 contracts

Sources: Modification Agreement (Tri Pointe Homes, Inc.), Modification Agreement (Tri Pointe Homes, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and each Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date Payment Date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except that Interest at the Prime Rate shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such paymentDay.

Appears in 1 contract

Sources: Credit Agreement (Intrepid Potash, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, and at maturitymaturity (whether due to acceleration or otherwise). Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar such Advance is prepaidprepaid or is converted into a Floating Rate Advance, and at maturity (whether by due to acceleration or otherwise, and at maturity). Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except that interest accruing at the Prime Rate shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Southwestern Energy Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and on each Swing Line Loan shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, and at maturitymaturity (whether due to acceleration or otherwise). Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar such Advance is prepaid, prepaid or is converted into a Floating Rate Advance and at maturity (whether by due to acceleration or otherwise, and at maturity). Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-three month interval during such Interest Period. Interest on all Credit Extensions and fees shall be calculated for actual days elapsed on the basis of a 360-360 day year (or a year of 365/366 year, except that interest accruing at the Prime Rate shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Southwestern Energy Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and on each Swing Line Loan shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, and at maturitymaturity (whether due to acceleration or otherwise). Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar such Advance is prepaid, prepaid or is converted into a Floating Rate Advance and at maturity (whether by due to acceleration or otherwise, and at maturity). Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except that interest accruing at the Prime Rate shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Southwestern Energy Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance shall be payable in arrears on the first Business Day of each Payment Datemonth, commencing with the first such date to occur after the date hereof, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on all Credit Extensions Base Rate Advances shall be calculated based on the actual number of days elapsed on the basis of a 365/366-day year. Interest on Eurocurrency Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate)year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become becomes due on a day which that is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such paymentDay.

Appears in 1 contract

Sources: Credit Agreement (Dolan Co.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Interest, commitment fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year; provided that interest on Floating Rate Advances shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365 days year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 p.m. noon (local Chicago time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Miller Mechanical Contractors Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Eurodollar Advances, unused commitment fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year. Interest on Floating Rate Advances shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment. After giving effect to any Loan, Advance, continuation, or conversion of any Eurodollar Rate Loan, there may not be more than four different Interest Periods in effect hereunder.

Appears in 1 contract

Sources: Credit Agreement (MSX International Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except for interest on Loans denominated in British Pounds Sterling, which shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Hurco Companies Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on all Credit Extensions Interest, facility fees and fees LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 year, except for interest on Loans denominated in British Pounds Sterling which shall be calculated for actual days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based elapsed on the Prime Rate)basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

Appears in 1 contract

Sources: Credit Agreement (Keithley Instruments Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and each Swing Line Loan shall be payable on each Payment Date, commencing with the first such date Payment Date to occur after the date hereof, hereof and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. Interest on all Credit Extensions Advances and fees shall be calculated for actual days elapsed on the basis of a 360-day year (or a year of 365/366 days when interest is computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate)year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (local St. Louis, Missouri time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such paymentDay.

Appears in 1 contract

Sources: Credit Agreement (Orchids Paper Products CO /DE)