Common use of Extension of Maturity Clause in Contracts

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 140 contracts

Sources: Term Loan Credit and Guaranty Agreement (American Airlines, Inc.), Term Loan Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.)

Extension of Maturity. Should Except as otherwise specifically provided in Section 1 or 8 hereof, should any payment of principal of or principal, interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 11 contracts

Sources: Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp)

Extension of Maturity. Should Except as otherwise specifically provided in Article 7, should any payment 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 maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 9 contracts

Sources: Competitive Advance and Revolving Credit Agreement (PHH Corp), Credit Agreement (PHH Corp), 364 Day Competitive Advance and Revolving Credit Agreement (Cendant Corp)

Extension of Maturity. Should Except as otherwise specifically provided in Article 8 hereof, should any payment 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 maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 7 contracts

Sources: 364 Day Competitive Advance and Revolving Credit Agreement (Cendant Corp), 364 Day Competitive Advance and Revolving Credit Agreement (HFS Inc), 364 Day Competitive Advance and Revolving Credit Agreement (Cendant Corp)

Extension of Maturity. Should any payment of the principal of or interest on any B Note or any Loan evidenced thereby, or any mandatory prepayment of the principal thereof, or any other amount due hereunder payable hereunder, become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principalprincipal or reimbursement, interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 6 contracts

Sources: Credit Agreement (Entergy Arkansas Inc), Credit Agreement (System Energy Resources Inc), Credit Agreement (Entergy Louisiana Inc)

Extension of Maturity. Should any payment 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 maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 5 contracts

Sources: Revolving Credit Agreement (Payless Cashways Inc), Revolving Credit and Guaranty Agreement (Alliance Entertainment Corp), Credit Agreement (Payless Cashways Inc)

Extension of Maturity. Should Except as otherwise specifically provided in Article 7, should any payment of principal of or interest on the Loans made hereunder or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 5 contracts

Sources: Competitive Advance and Revolving Credit Agreement (PHH Corp), Competitive Advance and Revolving Credit Agreement (PHH Corp), Competitive Advance and Revolving Credit Agreement (PHH Corp)

Extension of Maturity. Should Except as otherwise specifically provided in Section 1 or 8 hereof, should any payment 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 maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 4 contracts

Sources: Senior Asset Linked Revolving Credit Agreement (Cendant Corp), Term Loan Agreement (Cendant Corp), Five Year Competitive Advance and Revolving Credit Agreement (Cendant Corp)

Extension of Maturity. Should any payment of the principal of or and interest or any other amount due hereunder on this Note become due and payable on a day other than a Business Day, the maturity thereof hereof shall be extended to the next succeeding Business Day andDay, in the case of principal, and principal and interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 4 contracts

Sources: Non Negotiable Note (Guez Paul), Non Negotiable Note (Harvey Entertainment Co), Secured Note (Jafra Cosmetics International Inc)

Extension of Maturity. Should any payment of principal of or --------------------- interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 4 contracts

Sources: Revolving Credit and Guaranty Agreement (Galey & Lord Inc), Revolving Credit Agreement (Icg Holdings Inc), Revolving Credit and Guaranty Agreement (Brunos Inc)

Extension of Maturity. Should any payment 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 maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extensionprovided.

Appears in 3 contracts

Sources: Revolving Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/), Revolving Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/), Revolving Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)

Extension of Maturity. Should any payment of the principal of or and interest or any other amount due hereunder on this Note become due and payable on a day other than a Business Day, the maturity thereof hereof shall be extended to the next succeeding Business Day andDay, in the case of principal, and interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 3 contracts

Sources: Restructuring Agreement (Nortel Networks Corp), Exchange Agreement (Nortel Networks Corp), Subordinated Note (White Mountains Insurance Group LTD)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder under this Agreement become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 2 contracts

Sources: Debtor in Possession Credit Agreement (Nutramax Products Inc /De/), Junior Subsequent Debtor in Possession Credit Agreement (Nutramax Products Inc /De/)

Extension of Maturity. Should Except as otherwise specifically provided in this Agreement, should any payment of principal of or interest on the Loans made hereunder or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 2 contracts

Sources: Credit Agreement (PHH Corp), Credit Agreement (PHH Corp)

Extension of Maturity. Should any payment of principal --------------------- of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 2 contracts

Sources: Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/), Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 2 contracts

Sources: Revolving Credit, Term Loan and Guaranty Agreement (Ual Corp /De/), Revolving Credit and Guaranty Agreement (Paragon Trade Brands Inc)

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

Appears in 1 contract

Sources: Credit and Security Agreement (Mobile Telecommunication Technologies Corp)

Extension of Maturity. Should any payment of the principal of or interest or any other amount due hereunder on this Note become due and payable on a day other than a Business Daybusiness day, the maturity Maturity Date thereof shall be extended to the next succeeding Business Day business day, and, in the case of principal, interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 1 contract

Sources: Note Agreement (Cephalon Inc)

Extension of Maturity. Should any payment or prepayment of the principal of or interest or any other amount due hereunder on the Notes become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of a payment or prepayment of the principal, interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 1 contract

Sources: Loan and Security Agreement (Harvey Entertainment Co)

Extension of Maturity. Should any payment of principal of or interest on any of the Loans or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Revolving Credit Agreement (Sun Healthcare Group Inc)

Extension of Maturity. Should Except as provided herein, should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Hayes Lemmerz International Inc)

Extension of Maturity. Should Except as otherwise specifically provided in Article 13 hereof, should any payment 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 maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Credit Agreement (All American Communications Inc)

Extension of Maturity. Should any payment 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 maturity thereof shall be extended to the next succeeding Business Day (other than the maturity of a Eurodollar Loan if the next Business Day shall fall in the next calendar month, in which case, such maturity shall end on the next preceding Business Day) and, in the case of principal, interest shall be payable thereon at the rate per annum herein specified during such extension.

Appears in 1 contract

Sources: Credit, Security and Guaranty Agreement (Actava Group Inc)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, except as otherwise expressly provided herein, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Merger Agreement (Icg Communications Inc /De/)

Extension of Maturity. Should any payment of principal of or ---------------------- interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Letter of Credit and Guaranty Agreement (Agway Inc)

Extension of Maturity. Should any payment of principal of or interest or on any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Credit Agreement (Payless Cashways Inc)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.. 163

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Usg Corp)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, 86 1005968021v14 the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Delayed Draw Term Loan Credit Agreement (Jetblue Airways Corp)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity due date thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Revolving Credit, Guaranty and Security Agreement (Acterna Corp)

Extension of Maturity. Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day Day, and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Spirit Airlines, Inc.)

Extension of Maturity. Should any payment of principal of --------------------- or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Mariner Post Acute Network Inc)

Extension of Maturity. Should any payment installment of principal of or interest or any other amount due hereunder Interest become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day Day, and, in the case of principal, interest shall be payable thereon at the rate herein specified during with Interest accrued to such extensiondate.

Appears in 1 contract

Sources: Loan and Security Agreement (Vistana Inc)

Extension of Maturity. Should any payment installment of principal of or interest or any other amount due hereunder principal become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day Day, and, in the case of principal, interest shall be payable thereon at the rate herein specified during with interest accrued to such extensiondate.

Appears in 1 contract

Sources: Line of Credit Agreement (Vistana Inc)

Extension of Maturity. Should any payment of principal of a Loan or an LC Disbursement or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

Appears in 1 contract

Sources: Credit, Guarantee and Security Agreement (Gentek Inc)