Common use of Highest Lawful Rate Clause in Contracts

Highest Lawful Rate. Anything herein to the contrary notwithstanding, the Obligations shall be subject to the limitation that payments of interest thereon shall not be required, for any period for which interest is computed hereunder, to the extent that contracting for or receipt thereof would be contrary to provisions of any law applicable to any Bank limiting the highest rate of interest which may be lawfully contracted for, charged or received by such Bank.

Appears in 4 contracts

Samples: Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc)

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Highest Lawful Rate. Anything herein to the contrary notwithstanding, the Obligations shall be subject to the limitation that payments of interest thereon shall not be required, for any period for which interest is computed hereunder, to the extent that contracting for or receipt thereof would be contrary to provisions of any law applicable to any Bank Lender limiting the highest rate of interest which may be lawfully contracted for, charged or received by such BankLender.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Best Buy Co Inc), Revolving Credit Agreement (Best Buy Co Inc)

Highest Lawful Rate. Anything herein to the contrary notwithstanding, the Obligations obligations of the Borrower under the Note shall be subject to the limitation that payments of interest thereon shall not be required, for any period for which interest is computed hereunder, required to the extent that contracting for or receipt thereof would be contrary to provisions of any law applicable to any Bank the Lender limiting the highest rate of interest which may be lawfully contracted for, charged charged, or received by such Bankthe Lender.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.), Secured Revolving Credit Agreement (Black Ridge Oil & Gas, Inc.)

Highest Lawful Rate. Anything herein to the contrary notwithstanding, the Obligations obligations of the Company on each Bank’s Note shall be subject to the limitation that payments of interest thereon shall not be required, for any period for which interest is computed hereunder, to the extent that contracting for or receipt thereof would be contrary to provisions of any law applicable to any such Bank limiting the highest rate of interest which may be lawfully contracted for, charged or received by such Bank.

Appears in 1 contract

Samples: Warehousing Credit Agreement (MDC Holdings Inc)

Highest Lawful Rate. Anything herein to the contrary notwithstanding, the Obligations obligations of the Borrower to pay interest on the Loan shall be subject to the limitation that payments payment of interest thereon to the Lender shall not be required, for any period for which interest is computed hereunder, to the extent that contracting for or receipt thereof receiving such payment by the Lender would be contrary to the provisions of any law applicable to any Bank the Lenders limiting the highest rate of interest which may be lawfully contracted for, charged or received by such Bankit.

Appears in 1 contract

Samples: Credit Agreement (Sensory Science Corp)

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Highest Lawful Rate. Anything herein to the contrary notwithstanding, the Obligations obligations of the Company on each Bank's Note shall be subject to the limitation that payments of interest thereon shall not be required, for any period for which interest is computed hereunder, to the extent that contracting for or receipt thereof would be contrary to provisions of any law applicable to any such Bank limiting the highest rate of interest which may be lawfully contracted for, charged or received by such Bank.

Appears in 1 contract

Samples: Warehousing Credit Agreement (MDC Holdings Inc)

Highest Lawful Rate. Anything herein to the contrary ------------------- notwithstanding, the Obligations obligations of the Company on each Bank's Note shall be subject to the limitation that payments of interest thereon shall not be required, for any period for which interest is computed hereunder, to the extent that contracting for or receipt thereof would be contrary to provisions of any law applicable to any such Bank limiting the highest rate of interest which may be lawfully contracted for, charged or received by such Bank.

Appears in 1 contract

Samples: Warehousing Credit Agreement (MDC Holdings Inc)

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