Non-Banking Days. When any payment under this Agreement would otherwise be due or any reduction in the Total Commitments pursuant to clause 6.8 would otherwise be effected on a day which is not a Banking Day, the due date for payment or the date of such reduction shall be 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: Loan Agreement (United International Holdings Inc), Loan Agreement (United Pan Europe Communications Nv), Loan Agreement (United Pan Europe Communications Nv)
Non-Banking Days. When any payment under this Agreement would otherwise be due or any reduction in the Total Commitments pursuant to clause 6.8 would otherwise be effected on a day which is not a Banking Day, the due date for payment or the date of such reduction shall be 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 2 contracts
Sources: Loan Agreement (United International Holdings Inc), Supplemental Agreement (Global Telesystems Inc)
Non-Banking Days. When any payment under this Agreement would otherwise be due or any reduction in the Total Commitments pursuant to clause 6.8 7.2 would otherwise be effected on a day which is not a Banking Day, the due date for payment or the date of such reduction shall be 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 2 contracts
Sources: Loan Agreement (Global Telesystems Inc), Loan Agreement (Global Telesystems Europe B V)
Non-Banking Days. 12.4.1 When any payment under this Agreement would otherwise be due or any reduction in the Total Commitments pursuant to clause 6.8 would otherwise be effected on a day which is not a Banking Day, the due date for payment or the date of such reduction shall be 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 .
12.4.2 During any extension of the due date or day specifically referred to in for payment of any principal under clause 12.4.1 of this Agreement interest is not a Banking Day all references thereto shall be deemed to be to payable on that principal at the immediately preceding Banking Dayrate payable on the original due date.
Appears in 1 contract
Sources: Facility Agreement (Txu Corp /Tx/)
Non-Banking Days. When any payment under this Agreement would otherwise be due or any reduction in the Total Commitments pursuant to clause 6.8 6 would otherwise be effected on a day which is not a Banking Day, the due date for payment or the date of such reduction shall be 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 1 contract
Sources: Loan and Note Issuance Agreement (United Pan Europe Communications Nv)