Common use of Due Date Extension Clause in Contracts

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

Appears in 2 contracts

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

Due Date Extension. If any payment of principal of, or ------------------ interest on with respect to any of the Loans or any payment of any fee provided for herein or any other amount due hereunder shall fall falls due on a day which is not a Business Day of BankDay, then such due date shall be extended to the next succeeding following Business Day of Bank 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

Sources: Loan Agreement (Ryder TRS Inc)

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

Appears in 1 contract

Sources: Loan Agreement (Kulicke & Soffa Industries Inc)

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

Appears in 1 contract

Sources: Loan Agreement (Kulicke & Soffa Industries Inc)

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

Appears in 1 contract

Sources: Credit Agreement (Global Industrial Technologies Inc)

Due Date Extension. If any payment of principal of, or interest on with respect to any of the Loans Credit Extensions, or any payment of any fee provided for herein or any other amount due hereunder shall fall fees, falls due on a day which is not a Business Day Day, then, except as Table of BankContents otherwise provided in Section 5.3, then such due date shall be extended to the next succeeding following Business Day and, in the case of Bank and principal, additional interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Sources: Fifth Amended and Restated Credit Agreement (Hollinger International Inc)

Due Date Extension. If any payment of principal of, or interest on with respect to any of the Loans Loans, or any payment of any fee provided for herein or any other amount due hereunder shall fall fees, falls due on a day which is not a Business Day of BankDay, then such due date shall be extended to the next succeeding immediately following Business Day and, in the case of Bank and principal, additional interest and fees shall accrue and be payable for the period of any such extension. C\251418.▇▇▇▇▇▇▇▇▇▇ 16509377

Appears in 1 contract

Sources: Credit Agreement (Penske Automotive Group, Inc.)

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

Appears in 1 contract

Sources: Credit Agreement (Illinova Corp)

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

Appears in 1 contract

Sources: Loan Agreement (Sybron Chemicals Inc)

Due Date Extension. If any payment of principal of, of or interest on any of the Loans Loan or any payment of any fee provided for herein or any other amount due fees payable hereunder shall fall falls due on a day which is not a Business Day of BankDay, then such due date shall be extended to the next succeeding following Business Day Day, and (in the case of Bank and principal) additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Sources: Credit and Security Agreement (Credit Store Inc)

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

Appears in 1 contract

Sources: Credit Agreement (Elgin National Industries Inc)

Due Date Extension. If any payment of principal of, or interest on with respect to any of the Loans Loans, or any payment of any fee provided for herein or any other amount due hereunder shall fall fees, falls due on a day which is not a Business Day of BankDay, then (subject to the last paragraph of Section 4.3) such due date shall be extended to the next succeeding immediately following Business Day and, in the case of Bank and principal, additional interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Sources: Credit Agreement (U S Aggregates Inc)

Due Date Extension. If any payment of principal of, or interest on with respect to any of the Loans Credit Extensions, or any payment of any fee provided for herein or any other amount due hereunder shall fall fees, falls due on a day which is not a Business Day of BankDay, then then, except as provided in Section 4.3, such due date shall be extended to the next succeeding following Business Day and, in the case of Bank and principal, additional interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Sources: Credit Agreement (Hollinger International Inc)

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

Appears in 1 contract

Sources: Credit Agreement (Mechanical Technology Inc)

Due Date Extension. If any payment of principal ofor interest with respect to the Notes, or interest on any of the Loans or any payment Letter of any fee provided for herein or any other amount due hereunder shall fall Credit Fees, falls due on a day which is not a Business Day of BankDay, then such due date shall be extended to the next succeeding immediately following Business Day and, in the case of Bank and principal, additional interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Sources: Credit Agreement (Bogen Communications International Inc)

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

Appears in 1 contract

Sources: Credit Agreement (Cpi Corp)

Due Date Extension. If Unless otherwise provided in the Note, if any payment of principal of, or interest on any under the Note (or of the Loans or any payment of any fee provided for herein or any other amount due hereunder shall fall payable hereunder) falls due on a day which is not a Banking Business Day of BankDay, then such due date shall be extended to the next succeeding following Banking Business Day of Bank and additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Sources: Loan Agreement (Mity Enterprises Inc)

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

Appears in 1 contract

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

Due Date Extension. If any payment of principal of, or interest on with respect to any of the Loans Notes, or any payment of any fee provided for herein Commitment Fees or any other amount due hereunder shall fall Letter of Credit fees, falls due on a day which that is not a Business Day of BankDay, then such due date shall be extended to the next succeeding immediately following Business Day and, in the case of Bank and principal, additional interest and fees shall accrue and be payable for the period of any such extension.

Appears in 1 contract

Sources: Credit Agreement (Rohn Industries Inc)

Due Date Extension. If any payment of principal of, of or interest on any of the Loans Term Loan or any payment of any fee provided for herein or any other amount due fees payable hereunder shall fall falls due on a day which that is not a Business Day of BankDay, then such due date shall be extended to the next succeeding following Business Day Day, and (in the case of Bank and principal) additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

Sources: Credit Agreement (School Specialty Inc)

Due Date Extension. If any payment of principal of, or interest on with respect to any of the Loans Loan or any payment of any fee provided for herein or any other amount due hereunder shall fall Reimbursement Obligation falls due on a day which is not a Business Day of BankDay, then such due date shall be extended to the next succeeding following Business Day of Bank 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

Sources: Loan Agreement (G&k Services Inc)

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

Appears in 1 contract

Sources: Credit Agreement (Lithia Motors Inc)

Due Date Extension. If any payment of principal of, of or interest on any of the Loans Term Loan or any payment of any fee provided for herein or any other amount due fees payable hereunder shall fall falls due on a day which is not a Business Day of BankDay, then such due date shall be extended to the next succeeding following Business Day Day, and (in the case of Bank and principal) additional interest and fees shall accrue and be payable for the period of such extension.

Appears in 1 contract

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