Payments Due on Non Sample Clauses
The "Payments Due on Non" clause establishes the obligations regarding payments that become due in the event of a specified non-occurrence, such as non-performance, non-delivery, or non-compliance with contract terms. Typically, this clause outlines when and how payments must be made if a party fails to fulfill certain contractual duties, and may specify deadlines, calculation methods, or penalties associated with such non-fulfillment. Its core practical function is to ensure that financial consequences are clearly defined and enforceable in cases where agreed-upon actions are not completed, thereby allocating risk and promoting accountability between the parties.
Payments Due on Non. Business Days. Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day.
Payments Due on Non. Business Days. Anything in this Agreement or the Notes to the contrary notwithstanding, (x) except as set forth in clause (y), any payment of interest on any Note that is due on a date that is not a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; and (y) any payment of principal of or Make-Whole Amount on any Note (including principal due on the Maturity Date of such Note) that is due on a date that is not a Business Day shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.
Payments Due on Non. Business Days --------------------------------- If any payment on the Bonds is due on a day which is not a Business Day, such payment may be made on the first succeeding day which is a Business Day with the same effect as if made on the original due date.
Payments Due on Non. Business Days. Whenever any payment or action to be made or taken hereunder shall be stated to be due on a day which is not a Business Day, such payment or action shall be made or taken on the next following Business Day (except as otherwise expressly provided in Section 3.2(a)), and such extension of time shall be included in computing interest or fees, if any, in connection with such payment or action.
Payments Due on Non. Business Days. Anything in this Agreement or the Series Q Bonds to the contrary notwithstanding, (x) except as set forth in clause (y), any payment of interest on any Series Q Bond that is due on a date that is not a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; and (y) any payment of principal of or Make-Whole Amount on any Series Q Bond (including principal due on the Maturity Date of such Series Q Bond) that is due on a date that is not a Business Day shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.
Payments Due on Non. Business Days; When Payments Deemed Received............................................... 44 22.4 Severability.............................................. 44 22.5 Construction.............................................. 44 22.6 Counterparts.............................................. 44 22.7
Payments Due on Non. Business Day 36 Se ct ion 1 4.11. Seve rability 36
Payments Due on Non. Business Days TC "Section 8.7. Payments Due on Non‑Business Days" \f C \l "2" . Anything in this Agreement or the Notes to the contrary notwithstanding, (x) except as set forth in clause (y), any payment of interest on any Note that is due on a date that is not a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; and (y) any payment of principal of or Make‑Whole Amount on any Note (including principal due on the Maturity Date of such Note) that is due on a date that is not a Business Day shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.
Payments Due on Non. Business Days. Anything in this Agreement, the Notes or in any other Financing Agreement to the contrary notwithstanding (but without limiting the requirement in Section 8.5 that the notice of any optional prepayment specify a Business Day as the date fixed for such prepayment), any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Note is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.
Payments Due on Non. Banking Days. Whenever any payment to be made hereunder or under the Notes or any of the Obligations shall be due on a Saturday, Sunday or a public holiday, such payment may be made on the next succeeding Banking Day, and such extension of time shall, in such case, be included in the computation of payment of interest hereunder and under the Notes.