Common use of Highest Lawful Rate Clause in Contracts

Highest Lawful Rate. Notwithstanding anything to the contrary contained in this Credit Agreement or the Note, at no time shall the interest rate payable on the Warehouse Advances, together with all fees and other amounts payable hereunder to the extent the same constitute or are deemed to constitute interest, exceed the maximum rate of interest allowed by applicable law (the "Highest Lawful Rate"). In respect of any period during the term of this Credit Agreement, any amount paid to any Bank, to the extent the same shall (but for the provisions of this SECTION 2.7B) constitute or be deemed to constitute interest, would exceed the maximum amount of interest permitted by the Highest Lawful Rate during such period (such amount being hereinafter referred to as an "Unqualified Amount"), then, notwithstanding anything to the contrary contained in this SECTION 2.7, such Unqualified Amount shall be applied or shall be deemed to have been applied as a prepayment on the Warehouse Advances.

Highest Lawful Rate. Notwithstanding anything to the contrary contained in this Credit Agreement or the NoteNotes, at no time shall the interest rate rates payable on the Warehouse Advances, together with all fees and other amounts payable hereunder to the extent the same constitute or are deemed to constitute interest, exceed the maximum rate of interest allowed by applicable law (the "“Highest Lawful Rate"”). In respect of any period during the term of this Credit Agreement, any amount paid to the Agent or any Bank, to the extent the same shall (but for the provisions of this SECTION 2.7BSection 2.8(b)) constitute or be deemed to constitute interest, would exceed the maximum amount of interest permitted by the Highest Lawful Rate during such period (such amount being hereinafter referred to as an "“Unqualified Amount"”), then, notwithstanding anything to the contrary contained in this SECTION 2.7Section 2.8, such Unqualified Amount shall be applied or shall be deemed to have been applied as a prepayment on the Warehouse Advances.”

Highest Lawful Rate. Notwithstanding anything to the contrary contained in this Credit Agreement or the NoteNotes, at no time shall the interest rate payable on the Warehouse Advances, together with all fees and other amounts payable hereunder to the extent the same constitute or are deemed to constitute interest, exceed the maximum rate of interest allowed by applicable law (the "“Highest Lawful Rate"”). In respect of any period during the term of this Credit Agreement, any amount paid to any Bank, to the extent the same shall (but for the provisions of this SECTION 2.7BSection 2.8B) constitute or be deemed to constitute interest, would exceed the maximum amount of interest permitted by the Highest Lawful Rate during such period (such amount being hereinafter referred to as an "“Unqualified Amount"”), then, notwithstanding anything to the contrary contained in this SECTION 2.7Section 2.8, such Unqualified Amount shall be applied or shall be deemed to have been applied as a prepayment on the Warehouse Advances.

Highest Lawful Rate. Notwithstanding anything to the contrary contained in this Credit Agreement or the NoteNotes, at no time shall the interest rate payable on the Warehouse Advances, together with all fees and other amounts payable hereunder to the extent the same constitute or are deemed to constitute interest, exceed the maximum rate of interest allowed by applicable law (the "Highest Lawful Rate"). In respect of any period during the term of this Credit Agreement, any amount paid to any Bank, to the extent the same shall (but for the provisions of this SECTION 2.7B2.8(b) constitute or be deemed to constitute interest, would exceed the maximum amount of interest permitted by the Highest Lawful Rate during such period (such amount being hereinafter referred to as an "Unqualified Amount"), then, notwithstanding anything to the contrary contained in this SECTION 2.72.8, such Unqualified Amount shall be applied or shall be deemed to have been applied as a prepayment on the Warehouse Advances.

Highest Lawful Rate. Notwithstanding anything to the contrary contained in this Credit Agreement or the NoteAgreement, at no time shall the interest rate payable to any Lender on the Warehouse Advancesany of its Loans, together with the Fees and all fees and other amounts payable hereunder to such Lender to the extent the same constitute or are deemed to constitute interest, exceed the maximum rate of interest allowed by applicable law (the "Highest Lawful Rate"). In If in respect of any period during the term of this Credit Agreement, any amount paid to any BankLender hereunder, to the extent the same shall (but for the provisions of this SECTION 2.7BSection 3.4) constitute or be deemed to constitute interest, would exceed the maximum amount of interest permitted by the Highest Lawful Rate during such period (such amount being hereinafter referred to as an "Unqualified Amount"), then, notwithstanding anything to the contrary contained in this SECTION 2.7, then (i) such Unqualified Amount shall be applied or shall be deemed to have been applied as a prepayment on of the Warehouse Advances.Loans of such Lender, and (ii) if, in any subsequent period during the term of this Agreement, all amounts payable hereunder to such Lender in respect of such period which con-