Lawful Interest Rates Intended. In no event whatsoever shall the interest rates charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court determines that any Lender has received interest hereunder in excess of the highest applicable rate, such Lender shall promptly refund such excess to the Borrower, or at such Lender's option, apply such excess in reduction of the principal balance of the Lender Obligations owing to the affected Lender.
Appears in 3 contracts
Samples: Rmi Titanium Co, Rti International Metals Inc, Rti International Metals Inc
Lawful Interest Rates Intended. In no event whatsoever ------------------------------ shall the interest rates charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court determines that any Lender has received interest hereunder in excess of the highest applicable rate, such Lender shall promptly refund such excess to the Borrower, or at such Lender's option, apply such excess in reduction of the principal balance of the Lender Obligations owing to the affected Lender.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Carbide Graphite Group Inc /De/)
Lawful Interest Rates Intended. In no event whatsoever shall the ------------------------------ interest rates charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court determines that any Lender has received interest hereunder in excess of the highest applicable rate, such Lender shall promptly refund such excess to the Borrower, or at such Lender's option, apply such excess in reduction of the principal balance of the Lender Obligations owing to the affected Lender.
Appears in 1 contract
Samples: Credit Agreement (Mastech Corp)
Lawful Interest Rates Intended. In no event whatsoever shall the interest rates charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court determines that any Lender has received interest hereunder in excess of the highest applicable rate, such Lender shall promptly refund such excess to the Borrower, 23 or at such Lender's option, apply such excess in reduction of the principal balance of the Lender Obligations owing to the affected Lender.
Appears in 1 contract
Samples: Pitt Des Moines Inc
Lawful Interest Rates Intended. In no event whatsoever ------------------------------ shall the interest rates charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court determines that any Lender has received interest hereunder in excess of the highest applicable rate, such Lender shall promptly refund such excess to the Borrower, or at such Lender's option, apply such excess in reduction of the principal balance of the Lender Obligations owing to the affected Lender.
Appears in 1 contract
Lawful Interest Rates Intended. In no event whatsoever ------------------------------ shall the interest rates charged hereunder exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such a court determines that any Lender has received interest hereunder in excess of the highest applicable rate, such Lender shall promptly refund such excess to the BorrowerBorrowers, or at such Lender's option, apply such excess in reduction of the principal balance of the Lender Obligations owing to the affected Lender.
Appears in 1 contract