Common use of Extension 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 time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the Commitments on the Expiration Date), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, or otherwise affect the terms of payment of the principal of or interest of any Loan, the Commitment Fee or any other fee payable to any Lender;

Appears in 2 contracts

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

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Extension of Payment. Reduction of Principal, Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the 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 or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the Commitments on the Expiration DateLoan), the Commitment Fee or any other fee payable to any Lender, waive any failure to pay principal or interest of any Loans, the Commitment Fee or any other fee payable to any Lender on the date due, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, or otherwise affect without the terms consent of payment of the principal of or interest of any Loan, the Commitment Fee or any other fee payable to any Lender;each Lender directly affected thereby; or

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Extension of Payment. Reduction of Principal, Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the Commitments on the Expiration Date), the Commitment Facility Fee, the Utilization Fee or any other fee payable to any LenderBank, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Facility Fee, the Utilization Fee or any other fee payable to any LenderBank, or otherwise affect the terms of payment of the principal of or interest of any Loan, the Commitment Facility Fee, the Utilization Fee or any other fee payable to any LenderBank;

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Extension of Payment. Reduction of Principal, Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Revolving Credit Loans are outstanding, extend the time for payment of principal or interest of any Revolving Credit Loan (excluding the due date of any mandatory prepayment of a Revolving Credit Loan or any mandatory Revolving Credit Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the applicable Revolving Credit Commitments on the any Expiration Date), the Commitment Fee or any other fee payable to any LenderBank, or reduce the principal amount of or the rate of interest borne by any Revolving Credit Loan or reduce the Commitment Fee or any other fee payable to any LenderBank, or otherwise affect the terms of payment of the principal of or interest of any Revolving Credit Loan, the Commitment Fee or any other fee payable to any LenderBank;

Appears in 1 contract

Samples: Credit Agreement (KPMG Consulting Inc)

Extension of Payment. Reduction of Principal, Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the applicable Commitments on the any Expiration Date), the Commitment Fee or any other fee payable to any LenderBank, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any LenderBank, or otherwise affect the terms of payment of the principal of or interest of any Loan, the Commitment Fee or any other fee payable to any LenderBank;

Appears in 1 contract

Samples: Credit Agreement (KPMG Consulting Inc)

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Extension of Payment. Reduction of Principal, Interest or Fees; Modification of Terms of Payment. Whether Subject to Section 2.10 (Extension by Banks of the Expiration Date), but whether or not any Loans are outstanding, extend the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the Commitments on the Expiration Date), the Commitment Fee or any other fee payable to any LenderBank, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any LenderBank, or otherwise directly affect the terms of payment of the principal of or interest of any Loan, the Commitment Fee or any other fee payable to any Lender;Bank; 10.1.3.

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

Extension of Payment. Reduction of Principal, Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, extend the time for payment ANY REGULARLY SCHEDULED PAYMENT (it is acknowledged that a mandatory prepayment of a Loan, and any Commitment reduction in connection with such mandatory prepayment, is not a "regularly scheduled payment" of such Loan) of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan or any mandatory Commitment reduction in connection with such a mandatory prepayment hereunder except for mandatory reductions of the Commitments on the Expiration Date)Loan, the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, or otherwise affect the terms of ANY REGULARLY SCHEDULED payment of the principal of or interest of any Loan, the Commitment Fee or any other fee payable to any Lender;"

Appears in 1 contract

Samples: Credit Agreement (Rent Way Inc)

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