Common use of Interest Adjustments Clause in Contracts

Interest Adjustments. (a) If the provisions of this Credit Agreement or any Note would at any time require payment by the Borrower to a Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any Loan, the interest payments to that Lender shall be reduced to the extent necessary so that such Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a Lender shall receive interest payments hereunder or under a Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “Interest Deficit”) will, to the fullest extent permitted by Applicable Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a Lender hereunder and under a Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the Loans.

Interest Adjustments. (a) If the provisions of this Credit Agreement or any Note would at any time require payment by the Borrower to a Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any Loan, the interest payments to that Lender shall be reduced to the extent necessary so that such Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a Lender shall receive receives interest payments hereunder or under a Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “Interest Deficit”) will, to the fullest extent permitted by Applicable Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a Lender hereunder and or under a Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the Loans.

Interest Adjustments. (a) If the provisions of this Credit Agreement or any Note would at any time require payment by the Borrower to a the Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any Loan, the interest payments to that the Lender shall be reduced to the extent necessary so that such the Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a the Lender shall receive interest payments hereunder or under a the Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “"Interest Deficit”") will, to the fullest extent permitted by Applicable Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a the Lender hereunder and under a the Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such the Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the Loans.

Interest Adjustments. (a) If the provisions of this Credit Agreement or any the Note would at any time require payment by the Borrower to a Lender of any an amount of interest in excess of the maximum amount then permitted by the law applicable to any the Loan, the interest payments to that Lender shall be reduced to the extent necessary so that such Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a Lender shall receive interest payments hereunder or under a the Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “Interest Deficit”"INTEREST DEFICIT") will, to the fullest extent permitted by Applicable Requirements of Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a Lender hereunder and under a the Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the LoansLoan.

Interest Adjustments. (a) If the provisions of this Credit Agreement or any Note would at any time require payment by the Borrower to a Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any Loan, the interest payments to that Lender shall be reduced to the extent necessary so that such Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a Lender shall receive Xxxxxx receives interest payments hereunder or under a Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “Interest Deficit”) will, to the fullest extent permitted by Applicable Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a Lender hereunder and or under a Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the Loans.

Interest Adjustments. (a) If the provisions of this Credit Agreement or any Note would at any time require payment by the Borrower Operating Partnership to a any Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any Loan, the interest payments to that Lender shall be reduced to the extent necessary so that such the Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a the Lender shall receive interest payments hereunder or under a Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “"Interest Deficit”") will, to the fullest extent permitted by Applicable Requirements of Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a Lender hereunder and under a Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such the Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the Loans.

Interest Adjustments. (a) If the provisions of this Credit Agreement or any the Revolving Credit Note would at any time require payment by the Borrower to a the Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any Loanlaw, the interest payments to that Lender shall be reduced to the extent necessary so that such the Lender shall not receive interest in excess of such maximum amount. IfTo the extent that, as a result of pursuant to the foregoingforegoing sentence, a the Lender shall receive interest payments hereunder or under a the Revolving Credit Note in an amount less than the amount otherwise provided hereunderprovided, such deficit (hereinafter called the “Interest Deficit”) will, to the fullest extent permitted by Applicable Law, will cumulate and will be carried forward (without interest) until the termination date of this Credit Agreement. Interest determination by the Lender; thereafter, interest otherwise payable to a the Lender hereunder and or under a the Revolving Credit Note for any subsequent period shall be increased by the such maximum amount of the Interest Deficit that may be so added without causing such the Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the Loans.law. SECTION 2.15

Interest Adjustments. (a) If the provisions of this Credit Agreement or any Note would at any time require payment by the Borrower to a the Lender of any amount of interest in excess of the maximum amount then permitted by the law applicable to any LoanApplicable Law, the interest payments to that the Lender shall be reduced to the extent necessary so that such the Lender shall not receive interest in excess of such maximum amount. If, as a result of the foregoing, a the Lender shall receive interest payments hereunder or under a the Note in an amount less than the amount otherwise provided hereunder, such deficit (hereinafter called the “Interest Deficit”) will, to the fullest extent permitted by Applicable Law, cumulate and will be carried forward (without interest) until the termination of this Credit Agreement. Interest otherwise payable to a the Lender hereunder and under a the Note for any subsequent period shall be increased by the maximum amount of the Interest Deficit that may be so added without causing such the Lender to receive interest in excess of the maximum amount then permitted by the law applicable to the LoansLoan.