Common use of Payment Terms and Interest Calculations Clause in Contracts

Payment Terms and Interest Calculations. (a) If the payment due date for any payment hereunder (including capital contributions and Damages) falls on a Saturday or a bank or federal holiday, other than a Monday, the payment shall be due on the past preceding business day. If the payment due date falls on a Sunday or Monday bank or federal holiday, the payment shall be due on the following business day.

Appears in 14 contracts

Samples: Lease Agreement (Millennium Chemicals Inc), Agreement (Equistar Chemicals Lp), Lease Agreement (Equistar Chemicals Lp)

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Payment Terms and Interest Calculations. (aA) If the payment due date for any payment hereunder (including capital contributions Capital Contributions and Damages) falls on a Saturday or a bank or federal holiday, other than a Monday, the payment shall be due on the past preceding business day. If the payment due date falls on a Sunday or Monday bank or federal holiday, the payment shall be due on the following business day.

Appears in 3 contracts

Samples: Credit Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Lyondell Chemical Co)

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Payment Terms and Interest Calculations. (a1) If the payment due date for any payment hereunder (including capital contributions Capital Contributions and Damages) falls on a Saturday or a bank or federal holiday, other than a Monday, the payment shall be due on the past preceding business day. If the payment due date falls on a Sunday or Monday bank or federal holiday, the payment shall be due on the following business day.

Appears in 1 contract

Samples: Citgo Petroleum Corp

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