Common use of Due Date Extension Clause in Contracts

Due Date Extension. If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

Appears in 54 contracts

Samples: Loan Financing and Servicing Agreement (TriplePoint Venture Growth BDC Corp.), Loan Financing and Servicing Agreement (Stellus Private Credit BDC), Loan Financing and Servicing Agreement (Vista Credit Strategic Lending Corp.)

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Due Date Extension. If any payment of principal or Yield interest with respect to any Advance 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 next immediately following Business DayDay and, and in the case of principal, additional Yield interest shall accrue and be payable for the period of any such extension at the rate applicable to such Advanceextension.

Appears in 21 contracts

Samples: Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (NeueHealth, Inc.), Credit Agreement (NeueHealth, Inc.)

Due Date Extension. If any payment of principal or Yield interest with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield interest shall accrue at the applicable interest rate and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 17 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.)

Due Date Extension. If any payment of principal or Yield Interest with respect to any Advance Loan falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield Interest shall accrue and be payable for the period of such extension at the rate applicable to such AdvanceLoan.

Appears in 13 contracts

Samples: Loan and Servicing Agreement (Blue Owl Capital Corp III), Loan and Servicing Agreement (AGL Private Credit Income Fund), Loan and Servicing Agreement (Antares Strategic Credit Fund)

Due Date Extension. If any payment of principal or Yield interest with respect to any Advance Loan falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield interest shall accrue at the applicable interest rate and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 10 contracts

Samples: Loan Agreement (G&k Services Inc), Loan Agreement (Baldor Electric Co), Loan Agreement (Us Xpress Enterprises Inc)

Due Date Extension. If any payment of principal of or Yield with respect to interest on any Advance Floating Rate Funding or any fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and (in the case of principal) additional Yield interest shall accrue and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 10 contracts

Samples: Term Loan Agreement (Mdu Resources Group Inc), Credit Agreement (Arctic Cat Inc), Term Loan Agreement (Mdu Resources Group Inc)

Due Date Extension. If any payment of principal or Yield interest with respect to any Advance 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 next immediately following Business DayDay unless the result of that extension would cause such due date to occur in another calendar month, and in which case such due date shall be the immediately preceding Business Day and, in the case of principal, additional Yield interest shall accrue and be payable for the period of any such extension at the rate applicable to such Advanceextension.

Appears in 8 contracts

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

Due Date Extension. If any payment of principal or Yield interest with respect to the Term Loans, or of any Advance fees, falls due on a day which is not a Business Day, then such due date shall be extended to the next immediately following Business DayDay and, and in the case of principal, additional Yield interest shall accrue and be payable for the period of any such extension at the rate applicable to such Advanceextension.

Appears in 6 contracts

Samples: Term Loan Credit Agreement (Falconstor Software Inc), Term Loan Credit Agreement (Qumu Corp), Term Loan Credit Agreement (Falconstor Software Inc)

Due Date Extension. If any payment of principal or Yield with respect to any Advance or Fee falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

Appears in 5 contracts

Samples: Loan Financing and Servicing Agreement (Capital Southwest Corp), Amendment No. 6 (HMS Income Fund, Inc.), Amendment No. 5 (HMS Income Fund, Inc.)

Due Date Extension. If any payment of principal of or Yield with respect to interest on any Advance or any fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and (in the case of principal) additional Yield interest shall accrue and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 2 contracts

Samples: Credit Agreement (Factual Data Corp), Revolving Credit Agreement (Iti Technologies Inc)

Due Date Extension. If any payment of principal or Yield with respect to interest or any Advance fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and (in the case of principal) additional Yield interest shall accrue and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 2 contracts

Samples: Credit Agreement (Aerocentury Corp), Credit Agreement (Aerocentury Corp)

Due Date Extension. If any payment of principal or Yield with respect to interest on any Advance or any fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and (in the case of principal) additional Yield interest shall accrue and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 2 contracts

Samples: Receivables Financing Agreement (Brooke Corp), Receivables Financing Agreement (Brooke Corp)

Due Date Extension. If any payment of principal or Yield with ------------------ respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

Appears in 1 contract

Samples: Receivables Financing Agreement (Americredit Financial Services of Canada LTD)

Due Date Extension. If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield and Fees shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

Appears in 1 contract

Samples: Receivables Financing Agreement (Compucredit Corp)

Due Date Extension. If any payment of principal of or Yield with respect to interest on any Floating Rate Advance or any fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and (in the case of principal) additional Yield interest shall accrue and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 1 contract

Samples: Credit Agreement (Health Fitness Corp /Mn/)

Due Date Extension. If any payment of principal or Yield interest with respect to any Advance or Reimbursement Obligation falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield interest shall accrue at the applicable interest rate and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 1 contract

Samples: Loan Agreement (Bowater Inc)

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Due Date Extension. If any payment of principal or Yield with respect to any the Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such the Advance.

Appears in 1 contract

Samples: Bridge Loan Agreement (TriplePoint Venture Growth BDC Corp.)

Due Date Extension. If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance. imposition of a Lien on the Collateral under Section 430 of the Code or Section 303(k) or 4068 of ERISA.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (FS KKR Capital Corp)

Due Date Extension. If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.. [**CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN PORTIONS OF THIS DOCUMENT]

Appears in 1 contract

Samples: Receivables Financing Agreement (United Pan Am Financial Corp)

Due Date Extension. If any payment of principal or Yield ------------------ with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

Appears in 1 contract

Samples: Receivables Financing Agreement (Americredit Corp)

Due Date Extension. If any payment of principal or Yield interest with respect to any Advance of the Advances, or of any fees, falls due on a day which is not a Business Day, then such due date shall be extended to the next immediately following Business DayDay and, and in the case of principal, additional Yield interest shall accrue and be payable for the period of any such extension at the rate applicable to such Advanceextension.

Appears in 1 contract

Samples: Credit Agreement (Greenlight Capital Re, Ltd.)

Due Date Extension. If any payment of principal or Yield with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such Advance.. USActive 31637433.35 -60-

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (FS KKR Capital Corp)

Due Date Extension. If any payment of principal of or Yield with respect to interest on any Advance Floating Rate Advances or any fees payable hereunder falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and (in the case of principal) additional Yield interest shall accrue and be payable for the period of such extension at the rate applicable to such Advanceextension.

Appears in 1 contract

Samples: Credit Agreement (Plato Learning Inc)

Due Date Extension. If any payment of principal or Yield Interest with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield Interest shall accrue and be payable for the period of such extension at the rate applicable to such Advance.

Appears in 1 contract

Samples: Receivables Financing Agreement (Firstcity Financial Corp)

Due Date Extension. If any payment of principal or Yield with respect to any the Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional Yield shall accrue and be payable for the period of such extension at the rate applicable to such AdvanceInterest Rate.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (SCP Private Credit Income BDC LLC)

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