Non-Banking Days. All payments due shall be made on a Banking Day. If the due date for payment falls on a day which is not a Banking Day: 5.4.1 the payment or payments due shall be made on the first Banking Day thereafter, provided this falls in the same calendar month; and 5.4.2 if it does not, payment shall fall due and be made on the immediately preceding Banking Day.
Appears in 4 contracts
Sources: Credit Facility Agreement, Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD), Credit Facility Agreement (Max Capital Group Ltd.)
Non-Banking Days. All payments due shall be made on a Banking Day. If the due date for payment falls on a day which is not a Banking Day:
5.4.1 (a) the payment or payments due shall be made on the first Banking Day thereafter, provided this falls in the same calendar month; and
5.4.2 (b) if it does not, payment shall fall due and be made on the immediately preceding Banking Day.
Appears in 2 contracts
Sources: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)
Non-Banking Days. All payments due shall be made on a Banking Day. If the due date for payment falls on a day which is not a Banking Day:
5.4.1 9.2.1 the payment or payments due shall be made on the first Banking Day thereafter, provided this falls in the same calendar month; and
5.4.2 9.2.2 if it does not, payment shall fall due and be made on the immediately preceding Banking Day.
Appears in 2 contracts
Sources: Loan Agreement (Iii to I Maritime Partners Cayman I Lp), Loan Agreement (Iii to I Maritime Partners Cayman I Lp)
Non-Banking Days. All payments due shall be made on a Banking Day. If the due date for payment falls on a day which is not a Banking Day:
5.4.1 8.2.1 the payment or payments due shall be made on the first Banking Day thereafter, provided this falls in the same calendar month; and
5.4.2 8.2.2 if it does not, payment shall fall due and be made on the immediately preceding Banking Day.
Appears in 1 contract
Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)
Non-Banking Days. All payments due shall be made on a Banking Day. If the due date for payment falls on a day which is not a Banking Day:
5.4.1 5.2.1 the payment or payments due shall be made on the first Banking Day thereafter, provided this falls in the same calendar month; and
5.4.2 5.2.2 if it does not, payment shall fall due and be made on the immediately preceding Banking Day.
Appears in 1 contract