Common use of Non-Banking Days Clause in Contracts

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

Samples: Supplemental Agreement (United Pan Europe Communications Nv), Supplemental Agreement (United International Holdings Inc), Supplemental Agreement (United Pan Europe Communications Nv)

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Non-Banking Days. When any payment under this Agreement would otherwise be due or the Termination Date or any reduction in the Total Commitments pursuant to clause 6.8 Reduction Date would otherwise be effected fall on a day which is not a Banking Day, the due date for payment or (as the date of case may be) the Termination Date or such reduction Reduction Date shall be postponed extended to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made made, or (as the case may be) the Termination Date or such Reduction Date shall fall, 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

Samples: Agreement (Smedvig Asa), Third Supplemental Agreement (Smedvig Asa), Fourth Supplemental Agreement (Smedvig Asa)

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 in relevant anniversary of the Total Commitments pursuant to clause 6.8 Execution Date would otherwise be effected 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 anniversary date of such reduction shall be postponed extended to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made made, or (as the case may be) the Termination Date or such anniversary date shall fall, 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

Samples: Agreement (Stena Ab), Agreement (Stena Ab), Facility Agreement (Stena Ab)

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

Samples: Agreement (United International Holdings Inc), Supplemental Agreement (Global Telesystems Inc)

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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

Samples: Agreement (Global Telesystems Europe B V), 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 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

Samples: Conformed Copy (United Pan Europe Communications Nv)

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