Common use of Interest Limitation Clause in Contracts

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to herein, the maximum amount of interest which may be charged to or collected from any person liable hereunder by any Lender shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Waste Connections Inc/De), Revolving Credit and Term Loan Agreement, Revolving Credit and Term Loan Agreement (Waste Connections Inc/De)

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Interest Limitation. Notwithstanding any other term of this Credit ------------------- Agreement or any Note or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person Person liable hereunder or under any Note by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applicationsany Note, or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 3 contracts

Samples: Credit Agreement (United States Filter Corp), Multicurrency Credit Agreement (United States Filter Corp), Multicurrency Revolving Credit Agreement (United States Filter Corp)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person Person liable hereunder by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of AmericaStates, as amended, amended or 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum maximum, shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person liable hereunder by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended or the Criminal Code (Canada), as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 2 contracts

Samples: Credit Agreement (Jumpking Inc), Revolving Credit Agreement (Jumpking Inc)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person liable hereunder by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, amended or 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum maximum, shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan (Quaker Fabric Corp /De/), Revolving Credit Agreement (Quaker Fabric Corp /De/)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any Note or any other Loan Document or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person liable hereunder or under any Note by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (includinglaw, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so except that the maximum of all amounts constituting interest under applicable law, howsoever computed, computed shall never exceed as to any Person liable therefor such lawful maximum, and in any term of this Credit Agreement, the Letter of Credit Applicationsany Note, any Loan Document or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraphSection.

Appears in 2 contracts

Samples: Credit Agreement (Pacific Scientific Co), Credit Agreement (Star Telecommunications Inc)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or the Note or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person liable hereunder or under the Note by any Lender the Bank shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit ApplicationsNote, or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or -------- ---------- the Note or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from the Borrower hereunder or under any person liable hereunder Note by any Lender the Bank shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit ApplicationsNote, or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aerovox Inc)

Interest Limitation. Notwithstanding any other term of this Credit Term Loan Agreement or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person liable hereunder by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, amended or 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Term Loan Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum maximum, shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 1 contract

Samples: Term Loan Agreement (Quaker Fabric Corp /De/)

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Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to herein, the maximum amount of interest which may be charged to or collected from any person liable hereunder by any Lender shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraphSection 6.4.

Appears in 1 contract

Samples: Revolving Credit Agreement (Allied Holdings Inc)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or the Notes or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person liable hereunder or under the Notes by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, any Note or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 1 contract

Samples: Agreement (Lojack Corp)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person Person liable hereunder by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, amended or 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum maximum, shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Chartermac)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any other document referred to herein, the maximum amount of interest which may be charged to or collected from any person liable hereunder by any Lender shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 ss.5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85ss.85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applications, Agreement or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraphss.6.4.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Interest Limitation. Notwithstanding any other term of this Credit Agreement or any Note or any other document referred to hereinherein or therein, the maximum amount of interest which may be charged to or collected from any person Person liable hereunder or under any Note by any Lender the Lenders shall be absolutely limited to, and shall in no event exceed, the maximum amount of interest which could lawfully be charged or collected under applicable law (including, to the extent applicable, the provisions of Section 5197 of the Revised Statutes of the United States of America, as amended, 12 U.S.C. Section 85, as amended), so that the maximum of all amounts constituting interest under applicable law, howsoever computed, shall never exceed as to any Person liable therefor such lawful maximum, and any term of this Credit Agreement, the Letter of Credit Applicationsany Note, or any other document referred to herein or therein which could be construed as providing for interest in excess of such lawful maximum shall be and hereby is made expressly subject to and modified by the provisions of this paragraph.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (United States Filter Corp)

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