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 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 1 contract
Samples: Facility Agreement (Stena Ab)
