Common use of DUE DATE OF PAYMENT Clause in Contracts

DUE DATE OF PAYMENT. If the due date in respect of any instalment of principal, interest and liquidated damages and all other monies payable under this Agreement falls on a day which is a bank holiday at the place where the payment is to be made, the immediately preceding working day shall be the due date for such payment.

DUE DATE OF PAYMENT. If the due date in respect of any instalment installment of principal, interest interest, Additional Interests, Further Interest and liquidated damages Liquidated Damages and all other monies payable under this Agreement falls on a day which is a bank holiday at the place where the payment is to be made, the immediately preceding working day shall be the due date for such payment.