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 3 contracts
Samples: Revolving Term Credit Agreement (Celestica Inc), Credit Agreement (Celestica Inc), Four Year 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 Criminal Code (Canada)).
Appears in 2 contracts
Samples: Loan Agreement (Draxis Health Inc /Cn/), Loan Agreement (Fording Canadian Coal Trust)
