Common use of Banking Day Clause in Contracts

Banking Day. If any installment of principal or interest provided herein becomes due and payable on a date other than a Banking Day, the maturity of the installment of principal or interest shall be extended to the next succeeding Banking Day, and interest shall be payable during such extension of maturity.

Appears in 7 contracts

Samples: Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Amcast Industrial Corp)

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Banking Day. If any installment of principal or interest provided herein on any Loan becomes due and payable on a date day other than a Banking Day, the maturity of the installment of principal or interest shall be extended to the next succeeding Banking Day, and interest shall be payable during such extension of maturity.

Appears in 1 contract

Samples: Loan and Letter of Credit Reimbursement Agreement (Unitog Co)

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Banking Day. If any installment of principal or and/or interest provided herein becomes due and payable on a date other than a Banking Day, the maturity of the installment of principal or and/or interest shall be extended to the next succeeding Banking Day, and interest shall be payable during such extension of maturity.

Appears in 1 contract

Samples: Credit Agreement (Anthony Clark International Insurance Brokers LTD)

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