Common use of DUE DATE OF PAYMENT Clause in Contracts

DUE DATE OF PAYMENT. If the Due Date in respect of any amounts including Defaulted Amounts, commission, charges and interest falls on a day which is not a Business Day at the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment.

DUE DATE OF PAYMENT. If the Due Date in respect of any amounts including Defaulted Amounts, interest, commission, costs, charges and interest expenses falls on a day which is not a Business Day at the place where the payment is to be made, the immediately preceding Business Day shall be the Due Date for such payment.