Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 2, the Borrowers shall in no event be obliged to make any payments of interest or other amounts payable to the Lenders hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 8 contracts
Samples: Credit Agreement (Celestica Inc), Designated Subsidiary Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc)
Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 2, the Borrowers Borrower shall in no event be obliged to make any payments of interest or other amounts payable to the Lenders Lender hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders Lender of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 2 contracts
Samples: Loan Agreement (Draxis Health Inc /Cn/), Loan Agreement (Fording Canadian Coal Trust)
Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 2, the Borrowers Borrower shall in no event be obliged to make any payments of interest or other amounts payable to the Lenders Administrative Agent or any Lender hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders Administrative Agent or any Lender of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 2 contracts
Samples: Credit Agreement (Mitel Networks Corp), Credit Agreement (Mitel Networks Corp)
Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 2, none of the Borrowers shall in no any event be obliged to make any payments of interest or other amounts payable to the Lenders Lender hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders Lender of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 1 contract
Samples: Master Mortgage Commitment Agreement (Strategic Storage Trust IV, Inc.)
Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 2, the Borrowers Borrower shall in no event be obliged to make any payments of interest or other amounts payable to the Lenders Agent or any of the Banks hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders any of them of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 1 contract
Samples: Credit Agreement (Imc Global Inc)
Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 23, the Borrowers Borrower shall in no event be obliged to make any payments of interest or other amounts payable to the Lenders Lender hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders Lender of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 1 contract
Samples: Loan Agreement (Marsulex Inc)
Criminal Rate of Interest. Notwithstanding the foregoing provisions of this Article 23, the Borrowers Borrower shall in no event be obliged to make any payments of interest or other amounts payable to the Lenders hereunder in excess of an amount or rate which would be prohibited by law or would result in the receipt by the Lenders of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)).
Appears in 1 contract
Samples: Credit Agreement
