Common use of Payments, When Received Clause in Contracts

Payments, When Received. Any payment to be made to the Holders hereunder or under any other Note Documents shall be deemed to have been made on the Business Day such payment actually becomes available at such Holder’s bank prior to the close of business of such bank, provided that interest for one day at the non-default interest rate of the Notes shall be due on the amount of any such payment that actually becomes available to such Holder at such Holder’s bank after 1:00 p.m. (local time of such bank).

Payments, When Received. Any payment to be made to the Holders hereunder or under any other Note Documents the Notes shall be deemed to have been made on the Business Day such payment actually becomes available at such Holder’s 's bank prior to the close of business of such bank, provided that interest for one -------- (1) day at the non-default interest rate of the Notes shall be due on the amount of any such payment that actually becomes available to such Holder at such Holder’s 's bank after 1:00 p.m. (local time of such bank).