Common use of Interest; Limitation of Law Clause in Contracts

Interest; Limitation of Law. No provision herein or in any Transaction Document shall require the payment or permit the collection of interest in excess of the maximum permitted by applicable law. If, in any contingency whatsoever, Secured Party or any Creditor shall receive anything of value from Pledgor deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the provisions of the Transaction Documents shall govern.

Appears in 5 contracts

Samples: Credit Agreement (Trinity Industries Inc), Credit Agreement (Trinity Industries Inc), Credit Agreement (Trinity Marine Products, Inc.)

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Interest; Limitation of Law. No provision herein or in any Transaction other Loan Document shall require the payment or permit the collection of interest in excess of the maximum permitted by applicable lawApplicable Law. If, in any contingency whatsoever, the Agent or any other Secured Party or any Creditor shall receive anything of value from Pledgor deemed interest under applicable law Applicable Law which would exceed the maximum amount of interest permissible under applicable lawApplicable Law, the provisions of the Transaction Documents Credit Agreement shall govern.

Appears in 1 contract

Samples: Credit Agreement (Hastings Entertainment Inc)

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Interest; Limitation of Law. No provision herein or in any Transaction Document Financing Documents shall require the payment or permit the collection of interest in excess of the maximum permitted by applicable law. If, in any contingency whatsoever, Secured Party or any Creditor Lender shall receive anything of value from Pledgor deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the provisions of the Transaction Documents Credit Agreement shall govern.

Appears in 1 contract

Samples: Credit Agreement (Hallwood Group Inc)

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