Non Banking Day Clause Samples

Non Banking Day. If any sum payable by the Obligors under this Agreement shall become due on a day which is not a Banking Day, the due date shall be the next succeeding Banking Day in that calendar month (if there is one) or the preceding Banking Day (if there is not).
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Non Banking Day. If an Interest Period would otherwise end on a day, which is not a Banking Day, such Interest Period shall end on the next succeeding Banking Day in that calendar month (if there is one) or the immediately preceding Banking Day (if there is not).
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Non Banking Day. If payment of an instalment pursuant to Clause 7.01 is going to be made on a day which is not at Banking Day, payment of such instalment shall be made on the following Banking Day, unless such day falls in the next calendar month in which case the payment of such instalment shall be made on the preceding Banking Day.
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Non Banking Day. In the event that any Interest Payment Date should fall on a day which is not a Banking Day, such Interest Payment Date shall be extended to the immediately succeeding Banking Day, unless such Banking Day falls in the next calendar month, in which case the Interest Payment Date shall be the immediately preceding Banking Day.
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Non Banking Day. Whenever any payment hereunder shall be due, or any calculation shall be made, on a day which is not a Banking Day, the date for payment or calculation, as the case may be, shall be extended to the next succeeding Banking Day, and any interest on any payment shall be payable for such extended time at the specified rate. In no event shall this Section 2.6(d) be deemed to modify the definitions of Tranche A Construction Loan Repayment Date, Tranche B Construction Loan Repayment Date, Tranche A Maturity Date, Tranche B Maturity Date, Tranche A Institutional Maturity Date or Tranche B Institutional Maturity Date set forth in this Agreement.
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Non Banking Day. If reduction pursuant to Clause 8.01 is going to be made on a day which is not a Banking Day, the reduction shall be made on the following Banking Day, unless such day falls in the next calendar month in which case the reduction shall be made on the preceding Banking Day.
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Related to Non Banking Day

  • Non-Banking Days When any payment under any of the Security Documents would otherwise be due on a day which is not a Banking Day, the due date for payment shall be extended to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made on the immediately preceding Banking Day.

  • Banking Day a day (except Saturday, Sunday or official holidays defined by the Legislation for commercial banks), when commercial banks in Georgia are open and conduct their activity.

  • Boxing Day If another Federal, Provincial or Municipal holiday should be proclaimed during the term of this Agreement, such additional proclaimed holiday will replace one of the above-named holidays as agreed by the parties. The intent is that there will be no more than twelve (12) paid holidays per calendar year for the duration of this agreement.

  • Monday morning The employee should not work more than 16 hours without an 8 hour break.

  • Banking Days Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday, Sunday or other day on which commercial banks are authorized to close, or are in fact closed, in the state where the Bank’s lending office is located, and, if such day relates to amounts bearing interest at an offshore rate (if any), means any such day on which dealings in dollar deposits are conducted among banks in the offshore dollar interbank market. All payments and disbursements which would be due on a day which is not a banking day will be due on the next banking day. All payments received on a day which is not a banking day will be applied to the credit on the next banking day.