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 Texas. 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 Texas and 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 (Oyo Geospace Corp), Business Loan Agreement (Ico Inc), Loan Agreement (Ico Inc)

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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 is open for business in Texas. For amounts bearing interest at an offshore rate the Eurodollar 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 Texas and 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 2 contracts

Samples: Loan Agreement (Fresh America Corp), Business Loan Agreement (Fresh America 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 Texas. For amounts bearing interest at an offshore rate a Eurodollar 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 Texas and Bank of America, National Trust and Savings Association is open for business in California and dealing in offshore dollarsthe London interbank market for dollar deposits. 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 (Aztec Manufacturing Co)

Banking Days. Unless otherwise provided in this Restated Credit Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Texas. 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 Texas and 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: Credit Agreement (FFP Partners L P)

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 Texas. 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 Texas and 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: Loan Agreement (Natco Group Inc)

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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 is open for business in Texas. For amounts bearing interest at an offshore rate (if any)the Eurodollar Rate, a banking day Banking Day is a day other than a Saturday or a Sunday on which the Bank is open for business in Texas and Bank of America, National Trust and Savings Association ("BofA California") in San Francisco, California and dealing in offshore dollarsdollars in the London inter-bank market. 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 (Ba Merchant Services 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 Texas. 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 Texas and Bank of America National Trust and Savings Association ("BofA California") in San Francisco, California and dealing in offshore dollarsdollars in the London inter-bank 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: Business Loan Agreement (Temtex Industries Inc)

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