We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Highest Lawful Rate Clause in Contracts

Highest Lawful Rate. If at any time the designated rate of interest (including the Yield Rate for such purpose) applicable to any Purchaser’s Capital exceeds such Purchaser’s highest lawful rate, the rate of interest (including the Yield Rate for such purpose) on such Purchaser’s Capital shall be limited to such Purchaser’s highest lawful rate.

Appears in 9 contracts

Samples: Receivables Purchase Agreement (Centuri Holdings, Inc.), Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Labcorp Holdings Inc.)

Highest Lawful Rate. If at any time the designated rate of interest (including the Yield Rate for such purpose) applicable to any Purchaser/Lender’s Capital exceeds such Purchaser/Lender’s highest lawful rate, the rate of interest (including the Yield Rate for such purpose) on such Purchaser/Lender’s Capital shall be limited to such Purchaser/Lender’s highest lawful rate.

Appears in 1 contract

Samples: Receivables Purchase and Financing Agreement (Phillips 66)

Highest Lawful Rate. If at any time the designated rate of interest (including the Yield Rate for such purpose) applicable to any PurchaserIssuer’s Capital exceeds such PurchaserIssuer’s highest lawful rate, the rate of interest (including the Yield Rate for such purpose) on such PurchaserIssuer’s Capital shall be limited to such PurchaserIssuer’s highest lawful rate.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ugi Corp /Pa/)

Highest Lawful Rate. If at any time the designated rate of interest (including the Yield Rate Discount for such purpose) applicable to any Purchaser’s Capital exceeds such Purchaser’s highest lawful rate, the rate of interest (including the Yield Rate Discount for such purpose) on such Purchaser’s Capital shall be limited to such Purchaser’s highest lawful rate.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Owens Corning)