Common use of Non-Banking Days Clause in Contracts

Non-Banking Days. If an Interest Period would otherwise end on a day which is not a Banking Day, that Interest Period will instead end on the next Banking Day in that calendar month (if there is one) or the preceding Banking Day (if there is not).

Appears in 14 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Teekay Offshore Partners L.P.), Agreement (Teekay Offshore Partners L.P.)

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Non-Banking Days. If an Interest Period would otherwise end on a day which is not a Banking Day, that Interest Period will shall instead end on the next Banking Day in that calendar month (if there is one) or the preceding Banking Day (if there is not).

Appears in 2 contracts

Samples: Loan Agreement (Telewest Global Inc), Telewest Communications PLC /New/

Non-Banking Days. If an Interest Period would otherwise end on a day which is not a Banking Day, that Interest Period will instead end on the next Banking Day in that calendar month (if there is one) or the preceding Banking Day (if there is not).. 12 Changes to the calculation of interest

Appears in 2 contracts

Samples: Facility Agreement (British Sky Broadcasting Group PLC), Facility Agreement (British Sky Broadcasting Group PLC)

Non-Banking Days. If an Interest Period would otherwise end on a day which is not a Banking Day, that Interest interest Period will instead end on the next Banking Day in that calendar month (if there is one) or the preceding Banking Day (if there is not).

Appears in 1 contract

Samples: Agreement (Corgi International LTD)

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Non-Banking Days. If an any Interest Period would otherwise end on a day which is not a Banking Day, that such Interest Period will shall be extended to the next succeeding Banking Day, unless that day falls in the next calendar month, in which event such Interest Period shall instead end on the next Banking Day in that calendar month (if there is one) or the immediately preceding Banking Day (if there is not)of the calendar month.

Appears in 1 contract

Samples: Loan Agreement (Stolt Nielsen S A)

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