Non-Banking Days. When any payment under any of the Security Documents would otherwise be due, or the Termination Date or any relevant anniversary of the Execution Date would otherwise 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 shall be extended to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made, or (as the case may be) the Termination Date or such anniversary date shall fall, on 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 any of the Security Documents this Agreement would otherwise be due, due or the Termination Date or any relevant anniversary of the Execution Reduction Date would otherwise fall, 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 Reduction Date shall be extended to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made, or (as the case may be) the Termination Date or such anniversary date Reduction Date shall fall, on 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 any of the Security Documents this Agreement would otherwise be due, or the Termination Date due or any relevant anniversary of reduction in the Execution Date Total Commitments pursuant to clause 6.8 would otherwise fall, be effected on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or date of such anniversary date reduction shall be extended postponed to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made, or (as the case may be) the Termination Date or such anniversary date shall fall, 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 Pan Europe Communications Nv), Supplemental Agreement (United International Holdings Inc)
Non-Banking Days. When any payment under any of the Security Documents this Agreement would otherwise be due, or the Termination Date due or any relevant anniversary of reduction in the Execution Date Total Commitments pursuant to clause 7.2 would otherwise fall, be effected on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or date of such anniversary date reduction shall be extended postponed to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made, or (as the case may be) the Termination Date or such anniversary date shall fall, 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 any of the Security Documents this Agreement would otherwise be due, or the Termination Date or any relevant anniversary of the Execution Date would otherwise fall, due on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or date of such anniversary date reduction shall be extended postponed to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made, or (as the case may be) the Termination Date or such anniversary date shall fall, 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: Supplemental Agreement (Global Telesystems Inc), Agreement (United International Holdings Inc)
Non-Banking Days. When any payment under any of the Security Documents this Agreement would otherwise be due, or the Termination Date due or any relevant anniversary of reduction in the Execution Date Total Commitments pursuant to clause 6 would otherwise fall, be effected on a day which is not a Banking Day, the due date for payment or (as the case may be) the Termination Date or date of such anniversary date reduction shall be extended postponed to the next following Banking Day unless such Banking Day falls in the next calendar month in which case payment shall be made, or (as the case may be) the Termination Date or such anniversary date shall fall, 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)
