Common use of Non-Banking Days Clause in Contracts

Non-Banking Days. If any payment pursuant to this Agreement or any of the Relevant Documents shall be stated to be due on a day other than a Banking Day, such payment may be made on the next succeeding Banking Day and such extension of time shall be included in computation of the interest or other payment due.

Appears in 6 contracts

Sources: Loan and Security Agreement (Community Distributors Inc), Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Judge Group Inc)

Non-Banking Days. If When any payment pursuant to under this Agreement or any of the Relevant Documents shall be stated to would otherwise be due on a day other than which is not a Banking Day, such the due date for payment may shall be made on extended to the next succeeding following Banking Day and such extension of time shall be included in computation of the interest or other payment dueDay.

Appears in 4 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp), Loan Agreement (Cima Labs Inc)