Excess Interest Payments. If under any circumstances Lender shall ever receive an amount deemed interest by applicable law, which would exceed the Maximum Amount, such amount that would be excessive interest under applicable usury laws or laws of similar import shall be applied by Lender in payment of the Principal Amount until such time as the interest rate decreases below the Maximum Amount.
Appears in 4 contracts
Samples: Kranzco Realty Trust, Kranzco Realty Trust, Kranzco Realty Trust