Common use of New Payment Date Clause in Contracts

New Payment Date. Lender shall have the right, to be exercised not more than once during the term of the Loan, to change the Payment Date for the Fixed Rate Loan and/or the Floating Rate Loan to a date other than the sixth day of each month (a “New Payment Date”), on thirty (30) days’ written notice to Borrower; provided, however, that any such change in the Payment Date: (i) shall not modify the amount of regularly scheduled monthly interest payments for the Fixed Rate Loan and/or the Floating Rate Loan (as applicable), except that the first payment of interest on the Fixed Rate Loan and/or the Floating Rate Loan (as applicable) payable on the New Payment Date shall be accompanied by interest at the interest rate herein provided for the Fixed Rate Loan and/or Floating Rate Loan (as applicable) for the period from the Payment Date in the month in which the New Payment Date first occurs to the New Payment Date, and (ii) shall extend the Stated Maturity Date to the New Payment Date occurring in the month set forth in the definition of Stated Maturity Date.

New Payment Date. Lender shall have the right, to be exercised not more than once during the term of the Loan, to change the Payment Date for the Fixed Rate Loan and/or the Floating Rate Loan to a date other than the sixth day of each month (a “New Payment Date”), on thirty (30) days’ written notice to Borrower; provided, however, that any such change in the Payment Date: (i) shall not modify the amount of regularly scheduled monthly principal and interest payments for the Fixed Rate Loan and/or the Floating Rate Loan (as applicable)payments, except that the first payment of principal and interest on the Fixed Rate Loan and/or the Floating Rate Loan (as applicable) payable on the New Payment Date shall be accompanied by interest at the interest rate herein provided for the Fixed Rate Loan and/or Floating Rate Loan (as applicable) for the period from the Payment Date in the month in which the New Payment Date first occurs to the New Payment Date, (ii) shall extend the Amortization Commencement Date to the New Payment Date occurring in the month set forth in the definition of Amortization Commencement Date, and (iiiii) shall extend the Stated Maturity Date to the New Payment Date occurring in the month set forth in the definition of Stated Maturity Date.

New Payment Date. Lender shall have the right, to be exercised not more than once during the term of the Loan, to change the Payment Date for the Fixed Rate Tranche A Loan and/or the Floating Rate Tranche B Loan to a date other than the sixth first day of each month (a “New Payment Date”), on thirty (30) days’ written notice to Borrower; provided, however, that any such change in the Payment Date: (i) shall not modify the amount of regularly scheduled monthly interest payments for the Fixed Rate Tranche A Loan and/or or the Floating Rate Tranche B Loan (as applicable), except that the first payment of interest on the Fixed Rate Tranche A Loan and/or the Floating Rate Tranche B Loan (as applicable) payable on the New Payment Date shall be accompanied by interest at the interest rate herein provided for the Fixed Rate Tranche A Loan and/or Floating Rate Tranche B Loan (as applicable) for the period from the Payment Date in the month in which the New Payment Date first occurs to the New Payment Date, and (ii) shall extend the Stated Maturity Date to the New Payment Date occurring in the month set forth in the definition of Stated Maturity Date.

New Payment Date. Lender shall have the right, to be exercised not more than once during the term of the Loan, to change the Payment Date for the Fixed Rate Loan and/or the Floating Rate Loan to a date other than the sixth day of each month (a “"New Payment Date”"), on thirty (30) days’ ' written notice to Borrower; provided, however, that any such change in the Payment Date: (i) shall not modify the amount of regularly scheduled monthly principal and interest payments for the Fixed Rate Loan and/or the Floating Rate Loan (as applicable)payments, except that the first payment of principal and interest on the Fixed Rate Loan and/or the Floating Rate Loan (as applicable) payable on the New Payment Date shall be accompanied by interest at the interest rate herein provided for the Fixed Rate Loan and/or Floating Rate Loan (as applicable) for the period from the Payment Date in the month in which the New Payment Date first occurs to the New Payment Date, (ii) shall extend the Amortization Commencement Date to the New Payment Date occurring in the month set forth in the definition of Amortization Commencement Date and (iiiii) shall extend the Stated Maturity Date to the New Payment Date occurring in the month set forth in the definition of Stated Maturity Date.

New Payment Date. Lender shall have the right, to be exercised not more than once during the term of the Loan, to change the Payment Date for the Fixed Rate Loan and/or the Floating Rate Loan to a date other than the sixth ninth (9th) day of each month (but in no event earlier than the sixth (6th) day of each month) (a “"New Payment Date”"), on thirty (30) days’ ' written notice to BorrowerBorrowers; provided, however, that any such change in the Payment Date: (ia) shall not modify the amount of regularly scheduled monthly principal, if applicable, and interest payments for the Fixed Rate Loan and/or the Floating Rate Loan (as applicable)payments, except that the first payment of principal, if applicable, and interest on the Fixed Rate Loan and/or the Floating Rate Loan (as applicable) payable on the New Payment Date shall be accompanied by interest at the interest rate herein provided for the Fixed Rate Loan and/or Floating Rate Loan (as applicable) for the period from the Payment Date in the month in which the New Payment Date first occurs to the New Payment Date, and (iib) shall extend change the Stated Maturity Date to the New Payment Date occurring in the month set forth in the definition of Stated Maturity Date and (c) shall change the Initial Maturity Date to the New Payment Date occurring in the month set forth in the definition of Initial Maturity Date.