Business Loan. The Loans, including interest rate, fees and charges as contemplated hereby, (a) are an exempted transaction under the Truth In Lending Act, 12 U.S.C. 1601 et seq., as amended from time to time, and (b) do not, and when disbursed shall not, violate the provisions of the New York usury laws, any consumer credit laws or the usury laws of any state which may have jurisdiction over this transaction, the Borrower Parties or any property securing the Loans.
Appears in 3 contracts
Samples: Revolving Loan Agreement, Revolving Loan Agreement (Runway Growth Credit Fund Inc.), Demand Loan Agreement (Runway Growth Credit Fund Inc.)
Business Loan. The Loans, including the interest rate, fees and charges as contemplated herebyby this Agreement, (a) are an business loans under New York law, (b) are exempted transaction transactions under the Truth In Lending Act, 12 U.S.C. 1601 et seq., as amended from time to time, and (bc) do not, and when disbursed shall not, violate the provisions of the any New York usury laws, any consumer credit laws or the usury laws of any state which may have jurisdiction over the transactions described in this transactionAgreement, the Borrower Parties or any property securing the LoansObligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Itt Educational Services Inc)
