 What is the date of payment of an obligation or the performance of a covenant, duty or obligation stated to be due or performance required on?
When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of “ Interest Period ”) or performance shall extend to the immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.
a day