Common use of Banking Days Clause in Contracts

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 29 contracts

Samples: Business Loan Agreement (Stater Bros Holdings Inc), Employee Loan Agreement (Commerce One Inc / De/), Business Loan Agreement (Wet Seal Inc)

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Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 23 contracts

Samples: Business Loan Agreement (Next Level Communications Inc), Plan and Trust Agreement (California Water Service Group), Business Loan Agreement (E Tek Dynamics Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any)the Offshore Rate described in Section 5, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 3 contracts

Samples: Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace)

Banking Days. Unless otherwise provided in this Agreement, a banking day "Banking Day" is a day other than a Saturday or a Sunday Sunday, on which the Bank is open for business in California. For amounts bearing interest at an offshore rate Offshore Rate (if any), a banking day Banking Day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit applicable Line of Credit on the next banking dayBanking Day.

Appears in 3 contracts

Samples: Commercial Loan Agreement (Novellus Systems Inc), Commercial Loan Agreement (Novellus Systems Inc), Commercial Loan Agreement (Arlen Corp)

Banking Days. Unless otherwise provided in this Agreement, a ------------ banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 2 contracts

Samples: Business Loan Agreement (Kinetics Group Inc), Business Loan Agreement (Prolong International Corp)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. .[ For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. .] 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 credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (Ashworth Inc)

Banking Days. Unless otherwise provided in this AgreementLoan Agreement or other document executed in connection with any of the loan(s), a banking day "Banking Day" is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate Optional Interest Rate (if any), a banking day Banking Day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. All payments and disbursements disbursement which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit applicable loan(s) on the next banking dayBanking Day.

Appears in 1 contract

Samples: Loan Agreement (Advanced Marketing Services Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is its a day other than a Saturday or a Sunday on which the Bank is open for business in California. [For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. .] 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 credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (U S Laboratories Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an 6 offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Agreement (SRS Labs Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day day, other than a Saturday or a Sunday Sunday, on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (Pacific Sunwear of California Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday Saturday, Sunday or a Sunday other day on which commercial banks are authorized to close, or are in fact closed, in the Bank is open for business in state of California. For , and, if such day relates to amounts bearing interest at an offshore rate (if any), a banking means any such day is a day other than a Saturday or a Sunday on which dealings in dollar deposits are conducted among banks in the Bank is open for business in California and dealing in offshore dollarsdollar interbank market. 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 credit on the next banking day.

Appears in 1 contract

Samples: Pledge Agreement (Central Valley Community Bancorp)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than that a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.. -------------------------------------------------------------------------------- -5-

Appears in 1 contract

Samples: Agreement (Variflex Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any)a LIBOR Rate, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California California, New York and London and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Credit Agreement (Special Devices Inc /De)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.. ------------------------------------------------------------------------------- LCA1IndL (9/93) - 2 - 61-SLAZV01

Appears in 1 contract

Samples: Individual Loan Agreement (Sugarman Burt)

Banking Days. Unless otherwise provided in this Agreement, Agreement a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (American Eco Corp)

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Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any)a LIBOR Rate, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California California, New York and London and dealing in offshore dollars. 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 credit on the next banking day.. 4.6

Appears in 1 contract

Samples: California Water Service Co

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. [For amounts bearing interest Interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. .] 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 credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (U S Laboratories Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day "Banking Day" is a day other than a Saturday or a Sunday on which the Bank Agent is open for business in California. For amounts bearing interest at an offshore rate Offshore Rate Credits (if any), a banking day Banking Day is a day other than a Saturday or a Sunday on which the Bank Agent is open for business in California and dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit on the next banking dayBanking Day.

Appears in 1 contract

Samples: Commercial Loan Agreement (Compass Plastics & Technologies Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day Banking Day is a day day, other than a Saturday or a Sunday Sunday, on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit on the next banking dayBanking Day.

Appears in 1 contract

Samples: Business Loan Agreement (Global Vacation Group Inc)

Banking Days. Unless otherwise provided in this Agreement, Agreement a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Loan Agreement (Farr Co)

Banking Days. Unless otherwise provided in this Agreement, a banking day "Banking Day" is a day other than a Saturday or a Sunday on which the Bank Agent is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit on the next banking dayBanking Day.

Appears in 1 contract

Samples: Commercial Loan Agreement (Compass Plastics & Technologies Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), LIBOR Rate a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California California, New York and London and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (Salick Health Care Inc)

Banking Days. Unless otherwise provided in this Agreement, a banking day "Banking Day" is a day other than a Saturday or a Sunday on which the Bank Agent is open for business in California. For amounts bearing interest at an offshore rate Offshore Rate Credits (if any), a banking day Banking Day is a day other than a Saturday or a Sunday on which the Bank Agent is open for business in California and dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit applicable Line of Credit on the next banking dayBanking Day.

Appears in 1 contract

Samples: Security Agreement (Titan Corp)

Banking Days. Unless otherwise provided in this Agreement, a banking banking-day is a day other than a Saturday or a Sunday on which the Bank is open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in California and dealing in offshore dollars. 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 credit on the next banking day.

Appears in 1 contract

Samples: Sunrise Telecom Inc

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