Common use of PAYMENTS DUE ON OTHER THAN A BUSINESS DAY Clause in Contracts

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.