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, amend the definition of the term Expiration Date (or any defined term used in such definition, to the extent of such usage in such definition) in a manner that would make such date later or become later upon the occurrence of one or more circumstances or the scheduled time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan prior to the Expiration Date), the 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 delaying or waiving the applicability of any post-default increase in interest rates) or reduce the stated rate of the 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 specified in Sections 8.12, 8.13 and 8.14 shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b);

Appears in 2 contracts

Sources: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, amend extend the definition of Expiration Date, the term Expiration Term Loan Maturity Date, the Delayed Draw Term Loan Maturity Date (or any defined term used in such definition, to the extent of such usage in such definition) in a manner that would make such date later or become later upon the occurrence of one or more circumstances or the scheduled time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan prior to the Expiration DateLoan), the 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 delaying or waiving the applicability of any post-default increase in interest rates) or ), reduce the stated rate of the Commitment Fee or any other fee payable to any Lender, or reduce any amounts payable pursuant to Section 12.3 [Expenses; Indemnity; Damage Waiver], without the consent of each Lender directly affected thereby; thereby (provided that any amendment or modification of defined terms used in the financial covenants specified in Sections 8.12, 8.13 and 8.14 of this Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (b));

Appears in 1 contract

Sources: Credit Agreement (ICF International, Inc.)

Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment. Whether or not any Loans are outstanding, amend (i) extend the definition of the term Expiration Maturity Date (or any defined term used in such definition, to the extent of such usage in such definition) in a manner that would make such date later or become later upon the occurrence of one or more circumstances or the scheduled time for payment of principal or interest of any Loan (excluding the due date it being understood that a waiver of any condition precedent or the waiver of any default or mandatory prepayment of a Loan prior to the Expiration Date), the Commitment Fee shall not constitute an extension or increase) or any other interest, fee or amount payable to any Lender, or (ii) reduce the principal amount of or the stated rate of interest borne by any Loan (other than as a result of delaying or waiving the applicability of any post-default increase in interest rates), (iii) or reduce the stated rate of the Commitment Fee any fee or any other fee amount payable to any Lender, in each case, without the written consent of each Lender directly affected thereby; thereby (provided that (x) any amendment or modification of defined terms related to financial terms used in the financial covenants specified in Sections 8.12, 8.13 and 8.14 this Agreement shall not constitute a reduction in the stated rate of interest or fees for purposes of this clause (bd), and (y) it being understood that the waiver of (or amendment to the terms of) Section 3.6(e)(ii) and the application thereof shall not constitute a reduction of the amount of interest or other amounts);

Appears in 1 contract

Sources: Term Loan Credit Agreement (Construction Partners, Inc.)