Common use of Non-Banking Days Clause in Contracts

Non-Banking Days. When any payment under this Agreement would otherwise be due or the Termination Date or any Reduction Date would otherwise fall on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or such Reduction 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, or (as the case may be) the Termination Date or such Reduction Date shall fall, on the immediately preceding Banking Day.

Non-Banking Days. When any payment under this Agreement any of the Security Documents would otherwise be due due, or the Termination Date or any Reduction relevant anniversary of the Execution Date would otherwise fall fall, on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or such Reduction Date anniversary 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, or (as the case may be) the Termination Date or such Reduction Date anniversary date shall fall, on the immediately preceding Banking Day.

Non-Banking Days. When any payment under this Agreement any of the Security Documents would otherwise be due due, or the Termination Date or any Reduction Date would otherwise fall fall, on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or such Reduction 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, or (as the case may be) the Termination Date or such Reduction Date shall fall, on the immediately preceding Banking Day.