Common use of Payments Due on Non Clause in Contracts

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. Anything in this Agreement or the Series Q R Bonds to the contrary notwithstanding, (x) except as set forth in clause (y), any payment of interest on any Series Q R 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 R Bond (including principal due on the Maturity Date of such Series Q R 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.