Common use of Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment Clause in Contracts

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 11 contracts

Samples: Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.)

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Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the scheduled time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 6 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby thereby; provided that, only the consent of the Required Lenders shall be required to waive the applicability of any post-default increase in interest rates or change the manner of computation of any financial ratio (provided that including any amendment or modification of change in any applicable defined terms term) used in determining the financial covenants of this Credit Agreement shall not constitute Applicable Margin that would result in a reduction in of the stated rate of interest borne by any Loan, the Commitment Fee or fees for purposes of this clause (b))any other fee payable to any Lender;

Appears in 3 contracts

Samples: Credit Agreement (Meridian Bioscience Inc), Credit Agreement (Meridian Bioscience Inc), Credit Agreement (Meridian Bioscience Inc)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 3 contracts

Samples: Credit Agreement (Stewart Information Services Corp), Credit Agreement (Erie Indemnity Co), Credit Agreement (Stewart Information Services Corp)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Revolving Credit Expiration Date or Maturity Date of any Incremental Term Loans or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving it being understood and agreed that the applicability waiver of any post-default increase in rate of interest rates) shall only require the consent of the Required Lenders), or reduce the stated rate of the Facility Commitment Fee or any other fee payable to any Lender, in each case, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b)Section 11.1.2);

Appears in 1 contract

Samples: Credit Agreement (Vertex, Inc.)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the scheduled time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Fee or any other fee payable to any LenderLender (other than as a result of waiving the applicability of any post-default increase in Letter of Credit Fee rates), without the consent of each Lender directly and adversely affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 1 contract

Samples: Credit Agreement (Stoneridge Inc)

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Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the any scheduled time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b)10.1.2);

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Unused Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Unused Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 1 contract

Samples: Credit Agreement (Aimco OP L.P.)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the Stated Maturity Expiration Date or the scheduled time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Facility Unused Line Fee or any other fee payable to any Lender, or reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the Facility Unused Line Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby (provided that any amendment or modification of defined terms used in the financial covenants of this Credit Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 1 contract

Samples: Credit Agreement (Richardson Electronics, Ltd.)

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