Common use of Excess Interest Clause in Contracts

Excess Interest. In no event whatsoever shall the interest rate and other charges charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has received interest and other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender shall promptly apply such excess to the Obligations in such order as the Lender shall determine in its discretion or refund the amount thereof to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Excess Interest. In no event whatsoever shall the interest rate and other charges charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has received interest and other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender shall promptly apply such excess to the Obligations in such order as the Lender shall determine in its sole discretion or refund the amount thereof to the BorrowerBorrowers, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Excess Interest. In no event whatsoever shall the interest rate and other charges charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has received interest and other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender shall promptly apply such excess to the Obligations in such order as the Lender shall determine in its sole discretion or refund the amount thereof to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Excess Interest. In no event whatsoever shall the interest rate and other charges charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has Lenders have received interest and or other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender Lenders shall promptly apply such excess to the Obligations in such order as the Lender shall determine in its discretion or refund the amount thereof to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Excess Interest. In no event whatsoever shall the interest rate and other charges fees charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has received interest and other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender shall promptly apply such excess to the Obligations in such order as the Lender shall determine in its sole discretion or refund the amount thereof to the BorrowerBorrowers, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Excess Interest. In no event whatsoever shall the interest rate and --------------- other charges charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has received interest and other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender shall promptly apply such excess to the Obligations in such order as the Lender shall determine in its sole discretion or refund the amount thereof to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Excess Interest. In no event whatsoever shall the interest rate and other charges charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that a court determines that the Lender has Lenders have received interest and or other charges hereunder in excess of the highest permissible rate applicable thereto, the Lender Lenders shall promptly apply such excess to the Obligations in such order as the Lender Lenders shall determine in its their discretion or refund the amount thereof to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.