Payments on Banking Days. All payments due shall be made on a day on which banks and financial markets are opened for business of the nature contemplated by this Agreement in New York and at the place of payment specified by the parties (“Banking Day”). If the due date for payment falls on a day which is not a Banking Day, the payment or payments which is due shall be made on the first Banking Day thereafter, provided that this falls in the same calendar month. If it does not, payments shall fall due and be made on the last Banking Day before the said due date.
Appears in 2 contracts
Samples: Credit Facility Agreement (Globus Maritime LTD), Revolving Credit Facility (Globus Maritime LTD)
Payments on Banking Days. All payments due shall be made on a day on which banks and financial markets are opened for business of the nature contemplated by this Agreement agreement in New York and at the place of payment specified by the parties (the “Banking Day”). If the due date for payment falls on a day which is not a Banking Day, the payment or payments which is due shall be made on the first Banking Day thereafter, provided that this falls in the same calendar month. If it does not, payments shall fall due and be made on the last Banking Day before the said due date.
Appears in 2 contracts
Samples: Bridge Loan Agreement (Castor Maritime Inc.), Term Loan Agreement (Castor Maritime Inc.)
Payments on Banking Days. All payments due shall be made on a day on which banks and financial markets are opened for business of the nature contemplated by this Agreement agreement in New York and at the place of payment specified by the parties (“Banking Day”). If the due date for payment falls on a day which is not a Banking Day, the payment or payments which is due shall be made on the first Banking Day thereafter, provided that this falls in the same calendar month. If it does not, payments shall fall due and be made on the last Banking Day before the said due date.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Globus Maritime LTD)
Payments on Banking Days. All payments due shall be made on a day on which banks and financial markets are opened for business of the nature contemplated by this Agreement agreement in New York and at the place of payment specified by the parties (“Banking Day”). If the due date for payment falls on a day which is not a Banking Day, the payment or payments which is due shall be made on the first Banking Day thereafter, provided that this falls in the same calendar month. If it does not, payments shall fall due and be made on the last Banking Day before the said due date.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Globus Maritime LTD)
