Common use of Extension of Payment Date Clause in Contracts

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should any payment or prepayment of principal of or interest on the Notes or any other amount due hereunder, become due and payable on a day other than a Business Day, the due date of such payment or prepayment shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 11 contracts

Samples: Credit and Guarantee Agreement (Lions Gate Entertainment Corp /Cn/), Credit and Guarantee Agreement (Lions Gate Entertainment Corp /Cn/), Credit Agreement (Crown Media Holdings Inc)

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Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should any payment or prepayment of principal of or interest on any of the Notes Loans or any other amount due hereunder, become due and payable on a day other than a Business Day, the due date of such payment or prepayment shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 7 contracts

Samples: Credit, Security and Guaranty Agreement (Ventas Inc), Credit Agreement (Oneida LTD), Credit, Security, Guaranty and Pledge Agreement (Genesis Healthcare Corp)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should Should any payment or prepayment of principal of or interest on the Notes Note or any other amount due hereunder, hereunder become due and payable on a day other than a Business Day, the due date of such payment or prepayment thereof shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 3 contracts

Samples: Credit Agreement (Newstar Media Inc), Credit, Security, Guaranty and Pledge Agreement (Dove Entertainment Inc), Credit and Share Pledge Agreement (Physician Corporation of America /De/)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 1 hereof, should any payment or prepayment of principal of or interest on any of the Notes Loans or any other amount due hereunder, become due and payable on a day other than a Business Day, the due date of such payment or prepayment shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 3 contracts

Samples: Credit and Security Agreement (Franks Nursery & Crafts Inc), Credit and Security Agreement (Franks Nursery & Crafts Inc), Credit and Security Agreement (Franks Nursery & Crafts Inc)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should Should any payment or prepayment of principal of or interest on the Notes or any other amount due hereunder, hereunder become due and payable on a day other than a Business Day, the due date of such payment or prepayment shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 3 contracts

Samples: Credit, Guaranty, Security and Pledge Agreement (Gci Inc), Credit and Security Agreement (General Communication Inc), Credit, Guaranty, Security and Pledge Agreement (Gci Inc)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should Should any payment or prepayment of ------------------------- principal of or interest on the Notes or any other amount due hereunder, hereunder become due and payable on a day other than a Business Day, the due date of such payment or prepayment thereof shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Artisan Entertainment Inc), Credit and Security Agreement (Artisan Entertainment Inc)

Extension of Payment Date. Except as otherwise specifically expressly provided in Article 2 hereofherein, should any payment or prepayment of principal of or interest on the Notes or any other amount due hereunder, hereunder become due and payable on a day other than a Business Day, the due date of such payment or prepayment thereof shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 2 contracts

Samples: Credit Agreement (First Look Studios Inc), Credit, Security, Guaranty and Pledge Agreement (Overseas Filmgroup Inc)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should any payment or prepayment of principal of or interest on the Notes New Term Loan or any other amount due hereunderhereunder or under any other Loan Document, become due and payable on a day other than a Business Day, the due date of such payment payment, prepayment or prepayment other amount shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Thermadyne Holdings Corp /De)

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Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should Should any payment or prepayment of principal of or interest on the Notes or any other amount due hereunder, hereunder become due and payable on a day other than a Business Day, the due date of such payment or prepayment thereof shall be extended to the next succeeding Business Day - 133 - and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Trimark Holdings Inc)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should any payment or prepayment of principal of or interest on any of the Notes Loans or any other amount due hereunderhereunder or under any other Loan Document, become due and payable on a day other than a Business Day, the due date of such payment payment, prepayment or prepayment other amount shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Wiltel Communications Group Inc)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should any payment or prepayment of principal of or interest on any of the Notes Loans or any other amount due hereunder, become due and payable on a day other than a Business Day, the due date of such 122 payment or prepayment shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

Extension of Payment Date. Except as otherwise specifically provided in Article 2 hereof, should any payment or prepayment of principal of of, or interest on on, any of the Notes Loans or any other amount due hereunderhereunder or under any other Fundamental Document, become due and payable on a day other than a Business Day, the due date of such payment payment, prepayment or prepayment other amount shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Reliant Resources Inc)

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