Common use of Due Date Extension Clause in Contracts

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 100 contracts

Samples: Revolving Note and Credit Agreement Modification Agreement (International Baler Corp), Credit Agreement (Infrastructure & Energy Alternatives, Inc.), Credit Agreement (Xponential Fitness, Inc.)

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Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Eurodollar Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 14 contracts

Samples: Credit Agreement (Fargo Electronics Inc), Credit Agreement (Fargo Electronics Inc), Credit Agreement (Navteq Corp)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such that due date shall will be extended to the immediately following Business Day (unless, in the case of a LIBOR SOFR Loan, such that immediately following preceding Business Day is the first Business Day of a calendar month, in which case such that due date shall will be the immediately preceding Business Day) ), and, in the case of principal, additional interest shall will accrue and be payable for the period of any such extension.

Appears in 3 contracts

Samples: Credit Agreement (Moneylion Inc.), Credit Agreement (Moneylion Inc.), Credit Agreement (Moneylion Inc.)

Due Date Extension. If any payment of principal of or interest with respect to on any of the Loans, Loan or of any fees, fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the immediately next following Business Day (unlesssubject, in the case of a LIBOR LoanRate Advances, such immediately following Business Day is to the first Business Day definition of a calendar month“Interest Period”), in which case such due date shall be the immediately preceding Business Day) and, and (in the case of principal, ) additional interest shall accrue and be payable for the period of any such extension.

Appears in 3 contracts

Samples: Credit Agreement (Entegris Inc), Credit Agreement (Entegris Inc), Credit Agreement (Entegris Inc)

Due Date Extension. If any payment of principal or interest with respect to any of the Revolving Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 2 contracts

Samples: Credit Agreement (Russ Berrie & Co Inc), Credit Agreement (Uti Worldwide Inc)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such that due date shall will be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such that immediately following preceding Business Day is the first Business Day of a calendar month, in which case such that due date shall will be the immediately preceding Business Day) ), and, in the case of principal, additional interest shall will accrue and be payable for the period of any such extension.

Appears in 2 contracts

Samples: Credit Agreement (American Virtual Cloud Technologies, Inc.), Credit Agreement (Quest Resource Holding Corp)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Byline Bancorp, Inc.), Revolving Credit Agreement (Byline Bancorp, Inc.)

Due Date Extension. If any payment of principal or interest ------------------ with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 2 contracts

Samples: Loan Agreement (Kv Pharmaceutical Co /De/), Credit Agreement (Kv Pharmaceutical Co /De/)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately Immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 2 contracts

Samples: Credit Agreement (Centene Corp), Assignment Agreement (Centene Corp)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such that due date shall will be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such that immediately following Business Day is the first Business Day of a calendar month, in which case such that due date shall will be the immediately preceding Business Day) ), and, in the case of principal, additional interest shall will accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Digital Media Solutions, Inc.)

Due Date Extension. If any payment of principal or interest with respect to any of the Term Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (UTi WORLDWIDE INC)

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Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a 29 LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Cpi Corp)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any feesfees or other amounts, falls due on a day which that is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Weyco Group Inc)

Due Date Extension. If any payment of principal or interest with respect to any of the LoansLoan, or of any feesfees or other amounts, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Term Loan Agreement (Sentio Healthcare Properties Inc)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such that due date shall will be extended to the immediately following Business Day (unless, in the case of a LIBOR LIBORSOFR Loan, such that immediately following preceding Business Day is the first Business Day of a calendar month, in which case such that due date shall will be the immediately preceding Business Day) ), and, in the case of principal, additional interest shall will accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Quest Resource Holding Corp)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR SOFR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Revolving Credit Agreement (Byline Bancorp, Inc.)

Due Date Extension. If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day (unless, in the case of a LIBOR SOFR Loan, such immediately following Business Day is the first Business Day of a calendar month, in which case such due date shall be the immediately preceding Business Day) and, in the case of principal, additional interest shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Term Loan and Revolving Credit Agreement (Byline Bancorp, Inc.)

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