Common use of Payments Due on Banking Day Clause in Contracts

Payments Due on Banking Day. Whenever any payment hereunder shall be due on a day other than a Banking Day, such payment shall be made on the next succeeding Banking Day and such extension of time shall in such case be included in the computation of payment of interest thereunder.

Appears in 4 contracts

Samples: Financing Commitment (Carbon Energy Corp), Financing Commitment (Carbon Energy Corp), Financing Commitment (Evergreen Resources Inc)

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Payments Due on Banking Day. Whenever any payment hereunder shall will be due on a day other than a Banking Day, such payment shall will be made on the next succeeding Banking Day and such extension of time shall will in such case be included in the computation of payment of interest thereunder.

Appears in 3 contracts

Samples: Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Oilsands Quest Inc)

Payments Due on Banking Day. Whenever any payment hereunder shall will be due on a day other than a Banking Day, Day such payment shall will be made on the next succeeding Banking Day and such extension of time shall will in such case be included in the computation of payment of interest thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)

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Payments Due on Banking Day. Whenever any payment hereunder shall will be due on a day other than a Banking Day, such payment shall will be made on the next succeeding Banking Day and such extension of time shall will in such case be included in the computation of payment of interest thereunder.

Appears in 1 contract

Samples: Credit Agreement

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