Common use of Withdrawals to Occur on a Business Day Clause in Contracts

Withdrawals to Occur on a Business Day. In the event that any withdrawal, transfer or payment to or from any Collateral Account contemplated under this Agreement shall be required to be made on a day that is not a Business Day, such withdrawal, transfer or payment shall be made on the next succeeding Business Day.

Appears in 3 contracts

Samples: Collateral Agency Agreement (Cheniere Energy Inc), Credit Agreement (Cheniere Energy Inc), Collateral Agency Agreement (Cheniere Energy Inc)

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Withdrawals to Occur on a Business Day. In the event that any withdrawal, transfer or payment to or from any Collateral Account contemplated under this Senior Loan Agreement shall be required to be made on a day that is not a Business Day, such withdrawal, transfer or payment shall be made on the next immediately succeeding Business Day.

Appears in 3 contracts

Samples: Senior Loan Agreement (FTAI Infrastructure Inc.), Senior Loan Agreement (Fortress Transportation & Infrastructure Investors LLC), Senior Loan Agreement (Virgin Trains USA LLC)

Withdrawals to Occur on a Business Day. In the event that any withdrawal, transfer or payment to or from any Collateral Account contemplated under this Depository Agreement shall be required to be made on a day that is not a Business Day, such withdrawal, transfer or payment shall be made on the next succeeding Business Day.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Sunrun Inc.), Depository Agreement (Fuelcell Energy Inc)

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Withdrawals to Occur on a Business Day. In the event that any withdrawal, transfer or payment to or from any Collateral Account contemplated under this Agreement shall be required to be made on a day that is not a Business Day, such withdrawal, transfer or payment shall be made on the next succeeding Business Day.

Appears in 1 contract

Samples: Collateral Agency Agreement (GenOn Energy, Inc.)

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