Common use of Due Date Extension Clause in Contracts

Due Date Extension. If any payment of principal, interest or fees with respect to any of the Loans falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 3 contracts

Samples: Secured Credit Agreement (Diplomat Direct Marketing Corp), Secured Credit Agreement (Tro Learning Inc), Secured Credit Agreement (Irwin Naturals 4 Health)

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Due Date Extension. If any payment of principal, principal or interest or fees with respect to any of the Loans or Reimbursement Obligations falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 2 contracts

Samples: Secured Credit Agreement (Steri Oss Inc), Secured Credit Agreement (General Housing Inc)

Due Date Extension. If any payment of principal, principal of or interest on any Loan or any fees with respect to any of the Loans payable hereunder falls due on a Saturday, Sunday or other day which that 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 interest and fees shall accrue and be payable for the period of such extension.

Appears in 2 contracts

Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)

Due Date Extension. If any payment of principal, principal or interest or fees with respect to any of the Loans Loan falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 2 contracts

Samples: Receivables Financing Agreement (Asta Funding Inc), Receivables Financing Agreement (KBK Capital Corp)

Due Date Extension. If any payment of principal, principal or interest or fees with respect to any of the Loans falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 2 contracts

Samples: Credit Agreement (Horace Mann Educators Corp /De/), Credit Agreement (Horace Mann Educators Corp /De/)

Due Date Extension. If any payment of principalprincipal of, or interest or fees with respect to on any of the Loans falls or any payment of any fee provided for herein or any other amount due hereunder shall fall due on a Saturday, Sunday or other day which is not a Business DayDay of Bank, then such due date shall be extended to the next following succeeding Business Day, Day of Bank and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 2 contracts

Samples: Loan and Security Agreement (U S Vision Inc), Loan and Security Agreement (U S Vision Inc)

Due Date Extension. If any payment of principal, principal or interest or fees with respect to the Loan, or of any of the Loans fees, falls due on a Saturday, Sunday or other 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 interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (First Reserve Inc)

Due Date Extension. If any payment of principal, principal of or interest on the Loan or any fees with respect to any of the Loans payable hereunder falls due on a Saturday, Sunday or other 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 interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Credit and Security Agreement (Credit Store Inc)

Due Date Extension. If any payment of principal, principal or interest or fees with respect to any of the Loans Loan falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Professionals Insurance Co Management Group)

Due Date Extension. If any payment of principal, principal of or interest or fees with respect to any of on the Loans or any fees payable hereunder falls due on a Saturday, Sunday or other 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 interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Credit Store Inc)

Due Date Extension. If any payment of principal, principal or interest or fees with respect to any of the Loans falls due on a Saturday, Sunday or other day which is not a Business Daybusiness day of the Lender, then such due date shall be extended to the next following Business Daybusiness day of the Lender, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Nextel International Inc)

Due Date Extension. If any payment of principal, principal or interest or fees with respect to any of the Loans Loans, or of any fees, falls due on a Saturday, Sunday or other day which that 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 interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Lithia Motors Inc)

Due Date Extension. If any payment of principalprincipal of, or interest or fees with respect to any of on, the Loans Loan falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Construction Loan Agreement (Humphrey Hospitality Trust Inc)

Due Date Extension. If any payment of principal, principal of or interest on the Term Loan or any fees with respect to any of the Loans payable hereunder falls due on a Saturday, Sunday or other 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 interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Term Loan Agreement (Rotonics Manufacturing Inc/De)

Due Date Extension. If any payment of principal, principal or interest or fees with ------------------ respect to any of the Loans Notes, or of any fees, falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business DayDay and, and in the case of principal, additional interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Elgin National Industries Inc)

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Due Date Extension. If any payment of principalprincipal of, or interest or fees with respect to on any of the Loans falls Revolving Loan or any payment of any fee provided for herein or any other amount due hereunder shall fall due on a Saturday, Sunday or other day which is not a Business DayDay of Bank, then such due date shall be extended to the next following succeeding Business Day, Day and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Loan Agreement (Kulicke & Soffa Industries Inc)

Due Date Extension. If any payment of principal, principal or interest or fees with ------------------ respect to any of the Loans Notes, or of any fee, falls due on a Saturday, Sunday or other 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 interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Samples: Credit Agreement (Global Industrial Technologies Inc)

Due Date Extension. If any payment of principal, principal of or interest on any Term Loan or any fees with respect to any of the Loans payable hereunder falls due on a Saturday, Sunday or other day which that 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 interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (School Specialty Inc)

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

Appears in 1 contract

Samples: Loan Agreement (G&k Services Inc)

Due Date Extension. If any payment of principalprincipal of, or ------------------ interest on the Loan or fees with respect to any payment of the Loans falls any fee provided for herein or any other amount due hereunder shall fall due on a Saturday, Sunday or other day which is not a Business DayDay of Bank, then such due date shall be extended to the next following succeeding Business Day, Day and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Loan Agreement (Sybron Chemicals Inc)

Due Date Extension. If any payment of principalprincipal of, or ------------------ interest or fees with respect to on any of the Loans falls or any payment of any fee provided for herein or any other amount due hereunder shall fall due on a Saturday, Sunday or other day which is not a Business DayDay of Bank, then such due date shall be extended to the next following succeeding Business Day, Day and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Samples: Loan Agreement (Kulicke & Soffa Industries Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Dixie Group Inc)

Due Date Extension. If any payment of principal, principal or ------------------ interest or fees with respect to any of the Loans falls due on a Saturday, Sunday or other day which is not a Business Day, then such due date shall be extended to the next following Business Day, Day and additional interest and fees shall accrue and be payable for the period of to, but not including, such extensionBusiness Day.

Appears in 1 contract

Samples: Loan Agreement (Ryder TRS Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Cpi Corp)

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