Cumulative Rights and Remedies; Usury. The rights and remedies of the Payee expressed herein are cumulative and not exclusive of any rights and remedies otherwise available. If it shall be found that any interest outstanding hereunder shall violate applicable laws governing usury, the applicable rate of interest outstanding hereunder shall be reduced to the maximum permitted rate of interest under such law.
Appears in 6 contracts
Samples: Convertible Promissory Note (INVO Bioscience, Inc.), Secured Convertible Promissory Note (INVO Bioscience, Inc.), Secured Convertible Promissory Note (INVO Bioscience, Inc.)
Cumulative Rights and Remedies; Usury. The rights and remedies of the Payee expressed herein are cumulative and not exclusive of any rights and remedies otherwise available. If it shall be found that any interest outstanding claimed hereunder shall violate applicable laws governing usury, the applicable effective rate of interest outstanding claimed hereunder shall be reduced to the maximum permitted rate of interest under such law.
Appears in 1 contract
Cumulative Rights and Remedies; Usury. The rights and remedies of the Payee expressed herein are cumulative and not exclusive of any rights and remedies otherwise available. If it shall be found that any interest outstanding hereunder (including Regular Interest and Default Interest) shall violate applicable laws governing usury, the applicable rate of interest outstanding hereunder shall be reduced to the maximum permitted rate of interest under such law.
Appears in 1 contract
Samples: Debt Satisfaction Agreement (Eastside Distilling, Inc.)
