Common use of Interest Laws Clause in Contracts

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other Document, Borrower shall not be required to pay, and Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competent

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (A123 Systems Inc)

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Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any the Other DocumentAgreements, Borrower shall not be required to pay, and Lender Bank shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competentcompetent jurisdiction to have been provided for in this Agreement or in any of the Other 18

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Technology Inc)

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other other Loan Document, Borrower Borrowers shall not be required to pay, and neither Administrative Agent nor any Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competentcompetent jurisdiction to

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Operating Co)

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other other Loan Document, Borrower shall not be required to pay, and neither Agent nor any Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competentcompetent jurisdiction to have been provided for in this Agreement or in any

Appears in 1 contract

Samples: Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/)

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other Documentthe other Loan Documents, Borrower shall not be required to pay, and Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for In determining whether or determined by a court of competentnot the interest paid or payable

Appears in 1 contract

Samples: Credit Agreement (Consolidated Hydro Inc)

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other Documentthe other Loan Documents, Borrower shall not be required to pay, and Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competentor

Appears in 1 contract

Samples: Loan and Security Agreement (Equinix Inc)

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Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other other Loan Document, Borrower Borrowers shall not be required to pay, and neither Agent nor any Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competentcompetent jurisdiction to have been provided for in this Agreement or in any other Loan Document, then in such event: (1) the provisions of this subsection shall govern and control;

Appears in 1 contract

Samples: Loan and Security Agreement (Sun Healthcare Group Inc)

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other Loan Document, no Borrower shall not be required to pay, and Lender neither Agent nor any Bank shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competentcompetent jurisdiction to have been provided for in this Agreement or in any Loan Document, then in such event:

Appears in 1 contract

Samples: Credit Agreement (Imagemax Inc)

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or any Other Documentthe other Loan Documents, Borrower shall not be required to pay, and Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess InterestEXCESS INTEREST"). If any Excess Interest is provided for or determined by a court of competentor

Appears in 1 contract

Samples: Loan and Security Agreement (Valence Technology Inc)

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