Banking Day. If any installment of principal or interest provided herein becomes due and payable on a date other than a Banking Day, the maturity of the installment of principal or interest shall be extended to the next succeeding Banking Day, and interest shall be payable during such extension of maturity.
Appears in 7 contracts
Sources: Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Obsidian Enterprises Inc)
Banking Day. If any installment of principal or interest provided herein on any Loan becomes due and payable on a date day other than a Banking Day, the maturity of the installment of principal or interest shall be extended to the next succeeding Banking Day, and interest shall be payable during such extension of maturity.
Appears in 1 contract
Sources: Loan and Letter of Credit Reimbursement Agreement (Unitog Co)
Banking Day. If any installment of principal or and/or interest provided herein becomes due and payable on a date other than a Banking Day, the maturity of the installment of principal or and/or interest shall be extended to the next succeeding Banking Day, and interest shall be payable during such extension of maturity.
Appears in 1 contract
Sources: Credit Agreement (Anthony Clark International Insurance Brokers LTD)