General Provisions Relating to Interest. (a) It is the intention of the parties hereto to comply strictly with all applicable usury laws. In this connection, there shall never be collected, charged, or received on the sums advanced hereunder interest in excess of that which would accrue at the Highest Lawful Rate.
Appears in 6 contracts
Samples: Credit Agreement (KCS Energy Inc), Stock Pledge Agreement (KCS Energy Inc), Credit Agreement (Goodrich Petroleum Corp)
General Provisions Relating to Interest. (a) It is the intention of the parties hereto to comply strictly with all applicable the usury lawslaws of the State of New York and the United States of America. In this connection, there shall never be collected, charged, charged or received on the sums advanced hereunder plus the amount of the original issue discount interest in excess of that which would accrue at the Highest Lawful Rate.
Appears in 3 contracts
Samples: Term Loan Agreement (Viking Energy Group, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)
General Provisions Relating to Interest. (a) It is the intention of the parties hereto to comply strictly with all applicable usury laws. In this connection, there shall never be collected, charged, or received on the sums advanced hereunder interest in excess of that which would accrue at the Highest Lawful Rate. The Borrower acknowledges that the Loans are for a commercial or business purpose as contemplated by La. R.S. 9:3509.
Appears in 1 contract
Samples: Credit Agreement (International PetroReal Oil CORP)
