LAWFUL LIMITS. This Revolving Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate.
Appears in 3 contracts
Sources: Revolving Note (Women First Healthcare Inc), Revolving Note (PHC Inc /Ma/), Revolving Note (PHC Inc /Ma/)
LAWFUL LIMITS. This Revolving Term Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, then the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ Lender shall promptly refund such excess amount to Borrower and the provisions ▇▇▇▇▇▇ions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section 9 shall control to the extent any other provision of this Term Note or any Loan Document is inconsistent herewith.
Appears in 3 contracts
Sources: Term Note (Ramsay Managed Care Inc), Term Note (Ramsay Managed Care Inc), Term Note (Ramsay Managed Care Inc)
LAWFUL LIMITS. This Revolving Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Agent and each Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Agent or any Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower Borrowers hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ Agent and each Lender shall promptly refund such excess amount to Borrower Borrowers and the provisions hereof shall be deemed amended to provide for such permissible rate.
Appears in 3 contracts
Sources: Revolving Note (Skilled Healthcare Group Inc), Revolving Note (Skilled Healthcare Group Inc), Revolving Note (Skilled Healthcare Group Inc)
LAWFUL LIMITS. This Revolving Note is expressly limited so that in In no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender Agent or the Lenders for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Agent or any Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunderhereunder (to the extent not constituting interest under applicable law), then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunderbalance, ▇▇▇▇▇▇ Agent shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section 2.9 shall control to the extent any other provision of any Loan Document is inconsistent herewith.
Appears in 2 contracts
Sources: Loan Agreement (Red Lion Hotels CORP), Loan Agreement (Red Lion Hotels CORP)
LAWFUL LIMITS. This Revolving Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder under this Note exceed the maximum rate permissible under applicable law which that a court of competent jurisdiction shall, in a final determination, deem applicable heretoto this Note. If, due to any circumstance whatsoever, fulfillment of any provision hereofof this Loan Agreement, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which that might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunderunder this Note, then to unpaid principal balance owed by Borrower hereunderBorrowers under this Note, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunderunder this Note, ▇▇▇▇▇▇ Lender shall promptly refund such excess amount to Borrower Borrowers and the provisions hereof of this Loan Agreement shall be deemed amended to provide for such permissible rate.
Appears in 1 contract
Sources: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
LAWFUL LIMITS. This Revolving Term Note C is hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to the Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, If due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, and if the Lender shall have received interest interest, or any other charges payment of any kind which might be deemed to be interest under applicable law in excess of the highest maximum lawful rate, then such excess amount shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower the Company hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower the Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 10 shall control to the extent any other provision of this Term Note C or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section 9 shall control to the extent any other provision of this Note or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Note is expressly limited so that in In no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunderbalance, ▇▇▇▇▇▇ Lender shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 3.4 shall control to the extent any other provision of any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender Administrative Agent and any Holder for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, then the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender Administrative Agent and any Holder, or any of them, shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to the unpaid principal balance owed by Borrower hereunderCompany hereunder and under any other promissory notes executed in connection with the Term Loans (the “Other Notes”), and if the then remaining excess interest is greater than the previously unpaid principal balance hereunderhereunder and under the Other Notes, ▇▇▇▇▇▇ Administrative Agent and Holder shall promptly refund such excess amount to Borrower Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section 9 shall control to the extent any other provision of this Note, the Credit Agreement or any other Credit Document is inconsistent herewith.
Appears in 1 contract
Sources: Credit Agreement (Healing Co Inc.)
LAWFUL LIMITS. This Revolving Term Note A-2 is hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to the Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, If due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, and if the Lender shall have received interest interest, or any other charges payment of any kind which might be deemed to be interest under applicable law in excess of the highest maximum lawful rate, then such excess amount shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower the Company hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower the Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 10 shall control to the extent any other provision of this Term Note A-2 or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Note is expressly limited so that in In no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender Lender, for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law Applicable Law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, then the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law Applicable Law in excess of the maximum lawful rateMaximum Rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower Borrowers hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunderbalance, ▇▇▇▇▇▇ Lender shall promptly refund such excess amount to Borrower Borrowers in an account designated by the Borrowers and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section 3.1 shall control to the extent any other provision of any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Bridge Note is hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to the Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, If due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, and if the Lender shall have received interest interest, or any other charges payment of any kind which might be deemed to be interest under applicable law in excess of the highest maximum lawful rate, then such excess amount shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower the Company hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower the Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 10 shall control to the extent any other provision of this Bridge Note or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Term Loan Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇L▇▇▇▇▇ shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate.
Appears in 1 contract
Sources: Term Loan Note (PHC Inc /Ma/)
LAWFUL LIMITS. This Revolving Term Note B-1 is hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to the Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, If due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, and if the Lender shall have received interest interest, or any other charges payment of any kind which might be deemed to be interest under applicable law in excess of the highest maximum lawful rate, then such excess amount shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower the Company hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower the Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 10 shall control to the extent any other provision of this Term Note B-1 or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Term Note B-2 is hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to the Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, If due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, and if the Lender shall have received interest interest, or any other charges payment of any kind which might be deemed to be interest under applicable law in excess of the highest maximum lawful rate, then such excess amount shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower the Company hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower the Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 10 shall control to the extent any other provision of this Term Note B-2 or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Term Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, then the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than gre▇▇▇▇ ▇▇▇n the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ Lender shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section 9 shall control to the extent any other provision of this Term Note or any Loan Document is inconsistent herewith.
Appears in 1 contract
Sources: Term Note (PMR Corp)
LAWFUL LIMITS. This Revolving Term Note A-1 is hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to the Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, If due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, and if the Lender shall have received interest interest, or any other charges payment of any kind which might be deemed to be interest under applicable law in excess of the highest maximum lawful rate, then such excess amount shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower the Company hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower the Company and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this SECTION 10 shall control to the extent any other provision of this Term Note A-1 or any Loan Document is inconsistent herewith.
Appears in 1 contract
LAWFUL LIMITS. This Revolving Note is expressly limited so that in In no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender Agent for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender Agent shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunderhereunder (to the extent not constituting interest under applicable law), then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunderbalance, ▇▇▇▇▇▇ Agent shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. The terms and provisions of this Section shall control to the extent any other provision of any Loan Document is inconsistent herewith.
Appears in 1 contract
Sources: Loan Agreement
LAWFUL LIMITS. This Revolving Note is expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration or otherwise, shall the interest and other charges paid or agreed to be paid to Lender for the use, forbearance or detention of money hereunder exceed the maximum rate permissible under applicable law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If, due to any circumstance whatsoever, fulfillment of any provision hereof, at the time performance of such provision shall be due, shall exceed any such limit, then, the obligation to be so fulfilled shall be reduced to such lawful limit, and, if Lender shall have received interest or any other charges of any kind which might be deemed to be interest under applicable law in excess of the maximum lawful rate, then such excess shall be applied first to any unpaid fees and charges hereunder, then to unpaid principal balance owed by Borrower hereunder, and if the then remaining excess interest is greater than the previously unpaid principal balance hereunder, ▇▇▇▇▇▇ shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate.
Appears in 1 contract
Sources: Revolving Note (Occupational Health & Rehabilitation Inc)