PAYMENTS DUE ON OTHER THAN A BUSINESS DAY Sample Clauses

PAYMENTS DUE ON OTHER THAN A BUSINESS DAY. If any payment or prepayment of principal, Makewhole Amount, if any, or interest on or with respect to any Note or Notes becomes due and payable on any day that is not a Business Day, the amount of such payment shall be payable on the next succeeding Business Day and with respect to any such payment of principal, interest shall continue to accrue thereon during any such extension period at the applicable rate of interest in effect immediately prior to such extension.
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PAYMENTS DUE ON OTHER THAN A BUSINESS DAY. If any payment or ----------------------------------------- prepayment of principal, Yield Maintenance Amount, if any, or interest on or with respect to any Note or Notes becomes due and payable on any day that is not a Business Day, the amount of such payment or prepayment shall be payable on the next succeeding Business Day and, with respect to any such payment or prepayment of principal, interest shall continue to accrue thereon during any such extension period at the applicable rate of interest in effect immediately prior to such extension.
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PAYMENTS DUE ON OTHER THAN A BUSINESS DAY. If the date for making any payment or the last date for performance of any act or the exercising of any right, as provided in this Indenture, is not a Business Day, such payment, with no interest accruing for the period from and after such nominal date, may be made or act performed or right exercised on the next succeeding Business Day with the same force and effect as if done on the nominal date provided therefore in this Indenture.
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Related to PAYMENTS DUE ON OTHER THAN A BUSINESS DAY

  • Payments Due on Non-Business Day If the date fixed for any payment on any Trust Security shall be a day that is not a Business Day, then such payment need not be made on such date but may be made on the next succeeding day that is a Business Day (except as otherwise provided in Sections 4.1(a) and 4.2(d)), with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue thereon for the period after such date.

  • 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.

  • Payment Date Other Than a Business Day If any payment with respect to a payment of any principal of, premium, if any, or interest on any Note (including any payment to be made on any date fixed for redemption or purchase of any Note) is due on a day which is not a Business Day, then the payment need not be made on such date, but may be made on the next Business Day with the same force and effect as if made on such date, and no interest will accrue for the intervening period.

  • Payments Due on Legal Holidays In any case where the date of maturity of interest on or principal of and premium, if any, on the Debt Securities of a series or the date fixed for redemption or repayment of any Debt Security or the making of any sinking fund payment shall not be a Business Day at any Place of Payment for the Debt Securities of such series, then payment of interest or principal and premium, if any, or the making of such sinking fund payment need not be made on such date at such Place of Payment, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date. If a record date is not a Business Day, the record date shall not be affected.

  • Payments on Non-Business Days Whenever any payment to be made by Borrower hereunder shall be stated to be due on a day which is not a Business Day, payments shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder and of any fees due under this Agreement, as the case may be.