Common use of Excess Interest Will be Refunded or Credited Clause in Contracts

Excess Interest Will be Refunded or Credited. If, for any reason whatever, the interest paid or received on this Note during its full term produces a rate which exceeds the Ceiling Rate, the Payee shall refund to the Maker or, at the Payee's option, credit against the principal of this Note such portion of that interest as shall be necessary to cause the interest paid on this Note to produce a rate equal to the Ceiling Rate.

Excess Interest Will be Refunded or Credited. If, for any reason whatever, the interest paid or received on this Note note during its full term produces a rate which exceeds the Ceiling Rate, the Payee Holder of this note shall refund to the Maker payor or, at the PayeeHolder's option, credit against the principal of this Note note such portion of that interest as shall be necessary to cause the interest paid on this Note note to produce a rate equal to the Ceiling Rate.

Excess Interest Will be Refunded or Credited. If, for any reason whatever, the interest paid or received on this Note note during its full term produces a rate which exceeds the Ceiling Rate, the Payee Holder of this note shall refund to the Maker payor or, at the Payee's Holder’s option, credit against the principal of this Note note such portion of that interest as shall be necessary to cause the interest paid on this Note note to produce a rate equal to the Ceiling Rate.

Excess Interest Will be Refunded or Credited. If, for any reason whatever, the interest paid or received on this Note note during its full term produces a rate which exceeds the Ceiling Rate, the Payee Holder of this note shall refund to the Maker payor or, at the Payee's Holder’s option, Table of Contents credit against the principal of this Note note such portion of that interest as shall be necessary to cause the interest paid on this Note note to produce a rate equal to the Ceiling Rate.

Excess Interest Will be Refunded or Credited. If, for any reason whateverwhatsoever, the interest paid or received on this Note during its full term produces a rate which exceeds the Ceiling Rate, the Payee Lender shall refund to the Maker payor or, at the PayeeLender's option, credit against the principal of this Note such portion of that interest as shall be necessary to cause the interest paid on this Note to produce a rate equal to the Ceiling Rate.

Excess Interest Will be Refunded or Credited. If, for any reason --------------------------------------------- whatever, the interest paid or received on this Note note during its full term produces a rate which exceeds the Ceiling Rate, the Payee Holder of this note shall refund to the Maker payor or, at the PayeeHolder's option, EXHIBIT C --------- credit against the principal of this Note note such portion of that interest as shall be necessary to cause the interest paid on this Note note to produce a rate equal to the Ceiling Rate.

Excess Interest Will be Refunded or Credited. If, for any reason whatever, the interest paid or received on this Note during its full term produces a rate which exceeds the Ceiling Rate, the Payee shall refund to the Maker or, at the Payee's ’s option, credit against the principal of this Note such portion of that interest as shall be necessary to cause the interest paid on this Note to produce a rate equal to the Ceiling Rate.