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.
Appears in 130 contracts
Sources: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement, Facility Agreement
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 the Banking Day falls in the next calendar month in which case payment shall be made on the immediately preceding Banking Day.
Appears in 12 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.), Loan Agreement (Pyxis Tankers Inc.)
Non-Banking Days. When any payment under any of the Security Loan 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.
Appears in 7 contracts
Sources: Secured Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP), Secured Loan Agreement (Navios Maritime Holdings Inc.)
Non-Banking Days. When any payment under any of the Security Documents this Agreement would otherwise be due on a day which is not a Banking Day, the due date for payment shall be extended postponed 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.
Appears in 7 contracts
Sources: Loan Agreement (Advanced Tissue Sciences Inc), Loan Agreement (Cordiant Communications Group PLC /Adr), Loan Agreement (Cordiant Communications Group PLC /Adr)
Non-Banking Days. When any payment under any of the Security Documents this Agreement would otherwise be due on a day which is not a Banking Day, the due date for payment shall be extended postponed to the next following Banking Day unless such Banking Day falls in the next calendar month month, in which case payment shall be made on the immediately preceding Banking Day.
Appears in 6 contracts
Sources: Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Texas Utilities Electric Co)
Non-Banking Days. When any payment under any of the Security Documents this Agreement would otherwise be due on a day which is not a Banking Day, the due date for payment shall be extended postponed to the next following Banking Day Day, unless such Banking Day falls in the next calendar month in which case payment shall be made on the immediately preceding Banking Day.
Appears in 5 contracts
Sources: Project Loan Agreement, Bank Loan Agreement, Bank Loan Agreement (QGOG Constellation S.A.)
Non-Banking Days. When any payment under any of the Security Documents this Agreement 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.
Appears in 4 contracts
Sources: Loan Agreement (Telewest Global Inc), Loan Facility Agreement (Bookham, Inc.), Loan Facility Agreement (Bookham, Inc.)
Non-Banking Days. When any payment under any of the Security Documents this Agreement would otherwise be due on a day which is not a Banking Day, the due date for payment shall be extended postponed 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. If any date or day specifically referred to in this Agreement is not a Banking Day all references thereto shall be deemed to be to the immediately preceding Banking Day.
Appears in 3 contracts
Sources: Supplemental Agreement (Modern Times Group MTG Ab /Publ/ /Adr/), Revolving Credit Facility Agreement (Modern Times Group MTG Ab /Publ/ /Adr/), Loan Agreement (United International Holdings Inc)
Non-Banking Days. When any payment under any of the Security Documents this Agreement 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. If any date or day specifically referred to in this Agreement (being a date for the making of any payment under this Agreement) is not a Banking Day all references thereto shall be deemed to be references to the immediately preceding Banking Day.
Appears in 3 contracts
Sources: Loan Agreement (Telewest Communications PLC /New/), Loan Agreement (Comcast Uk Cable Partners LTD), Loan Agreement (Telewest Communications PLC /New/)
Non-Banking Days. When any payment under this Agreement or any of the other 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.
Appears in 2 contracts
Sources: Facility Agreement (Gulfmark Offshore Inc), Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Non-Banking Days. When any payment under any of the Security Documents would otherwise be due due, or any Repayment Date would otherwise fall, on a day which is not a Banking Day, the due date for payment or (as the case may be) such Repayment Date 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 made, or (as the case may be) such Repayment Date shall fall, on the immediately preceding Banking Day.
Appears in 2 contracts
Sources: Facility Agreement (Golar LNG LTD), Loan Agreement (Golar LNG LTD)
Non-Banking Days. When any payment under any of the Security Documents would otherwise be due due, or any Repayment Date would otherwise fall, on a day which is not a Banking Day, the due date for payment or (as the case may be) such Repayment Date shall be extended to the next following Banking Day unless such Banking Day falls in the next calendar month Month in which case payment shall be made made, or (as the case may be) such Repayment Date shall fall, on the immediately preceding Banking Day.
Appears in 2 contracts
Sources: Facilities Agreement, Loan Agreement (Golar LNG Partners LP)
Non-Banking Days. When any payment under any of the Security Finance 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.
Appears in 1 contract
Sources: Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.)
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.. 19
Appears in 1 contract
Sources: Facility Agreement (Navios Maritime Acquisition CORP)
Non-Banking Days. When any payment under any of the Security Documents would otherwise be due or an Interest Period would otherwise end on a day which is not a Banking Day, the due date for payment or, as the case may be, the applicable Interest Period 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 or, as the case may be, the applicable Interest Period shall end on the immediately preceding Banking Day.
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
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. When the first date or last date of an Interest Period would otherwise fall on a day which is not a Banking Day, such date shall be extended to the next following Banking Day unless such Banking Day falls in the next calendar month in which case such date shall fall on the immediately preceding Banking Day.
Appears in 1 contract
Non-Banking Days. When If any payment amount payable under any of the Security Documents Facility Document 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 that Banking Day falls in the next calendar month in which case the due date for payment shall be made on the immediately preceding Banking Day.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Aurelia Energy N V)
Non-Banking Days. When If any payment amount payable under any of the Security Documents Transaction Document to any Facility Beneficiary 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 that Banking Day falls in the next calendar month in which case the due date for payment shall be made on the immediately preceding Banking Day.
Appears in 1 contract
Sources: Multicurrency Revolving Credit and Guarantee Facility Agreement (Stolt Offshore S A)