Common use of Payments on Banking Days Clause in Contracts

Payments on Banking Days. When any payment under this Lease or any of the other Lease Documents would otherwise be due on a day which is not a Banking Day, the due date for payment 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 on the immediately preceding Banking Day.

Appears in 5 contracts

Samples: April 2003 (Golar LNG LTD), Dated April 2003 (Golar LNG LTD), Dated April (Golar LNG LTD)

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