Common use of Payments to be Made on Banking Days Clause in Contracts

Payments to be Made on Banking Days. Whenever any payment to be made hereunder is due on a day that is not a Banking Day, such payment shall be made on the immediately following Banking Day unless the following Banking Day falls in another calendar month, in which case payment shall be made on the immediately preceding Banking Day.

Appears in 1 contract

Sources: Credit Agreement (Village Farms International, Inc.)

Payments to be Made on Banking Days. Whenever any payment to be made hereunder is due on a day that is not a Banking Day, such payment shall will be made due on the immediately following Banking Day unless the and interest will accrue due to such following Banking Day falls in another calendar month, in which case if payment shall be is not made on the immediately preceding Banking Dayprior to that day.

Appears in 1 contract

Sources: Credit Agreement (Geon Co)

Payments to be Made on Banking Days. Whenever any payment to be made hereunder is due on a day that is not a Banking Day, . such payment shall be made on the immediately following Banking Day unless the following Banking Day falls in another calendar month, in which case payment shall be made on the immediately preceding Banking Day.

Appears in 1 contract

Sources: Credit Agreement (Bright Green Corp)