Banking Days. All payments and disbursements which would be due on a day which is not a Banking Day will be due on the next Banking Day. All payments received on a day which is not a Banking Day will be applied to the Line of Credit on the next Banking Day.
Appears in 8 contracts
Sources: Commercial Loan Agreement, Commercial Loan Agreement (ICON ECI Fund Sixteen), Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.)
Banking Days. All payments and disbursements which would be due on a day which is not a Banking Day will be due on the next Banking Day. All payments received on a day which is not a Banking Day will be applied to the Line of Credit on the next Banking Day.
Appears in 2 contracts
Sources: Loan and Security Agreement (Meritage Hospitality Group Inc /Mi/), Line of Credit, Term Loan and Security Agreement (Meritage Hospitality Group Inc /Mi/)
Banking Days. All payments and disbursements which would be due on a ------------ day which is not a Banking Day will be due on the next Banking Day. All payments received on a day which is not a Banking Day will be applied to the Line of Credit or Term Loan, as the case may be, on the next Banking Day.
Appears in 1 contract
Banking Days. All payments and disbursements which would be due on a day which is not a Banking Day will be due on the next Banking Day. All payments received on a day which is not a Banking Day will be applied to the Line of Credit Loan on the next Banking Day.
Appears in 1 contract
Sources: Secured Line of Credit Loan Agreement (Franklin Select Realty Trust)
Banking Days. All payments and disbursements which would be due on a day which is not a Banking Day will be due on the next Banking Day. All payments received on a day which is not a Banking Day will be applied to the Line of Credit credit on the next Banking Day.
Appears in 1 contract
Sources: Revolving Credit Loan Agreement (Breeze-Eastern Corp)
Banking Days. All payments and disbursements which would be due on a day which is not a Banking Day will be due on the next Banking Day. All payments received on a day which is not a Banking Day will be applied to amounts due under the Line of Credit Loan Documents on the next Banking Day.
Appears in 1 contract
Sources: Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/)