Common use of Lawful Rate of Interest Clause in Contracts

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Law. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“Excess Interest”), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Law, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower if such Loan has been paid in full. Neither Borrower, nor any Guarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“Excess Interest”"EXCESS INTEREST"), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower if such Loan has been paid in full. Neither Borrower, Borrower nor any Guarantor, other guarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender Holder pursuant to this Loan Agreement, the Note or any of the Receivables Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Receivables Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“"Excess Interest”"), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender Holder shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the principal of the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower Maker if such the Loan has been paid in full. Neither Borrower, Maker nor any Guarantor, guarantor or endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender Holder for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest contracted, charged, paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (the “Excess Interest”), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the principal of the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower if such the Loan has been paid in full. Neither Borrower, Borrower nor any Guarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment payment, contracting, charging for or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“Excess Interest”"EXCESS INTEREST"), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower Borrowers if such Loan has been paid in full. Neither No Borrower, nor any Guarantorguarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Law. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“"Excess Interest”"), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Law, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower if such Loan has been paid in full. Neither Borrower, nor any Guarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Law. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“Excess Interest”), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Law, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower Borrowers if such Loan has been paid in full. Neither BorrowerBorrowers, nor any Guarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender the Lenders pursuant to this Loan Agreement, the Note Notes or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note Notes and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“Excess Interest”), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender the Lenders shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower if such Loan has been paid in full. Neither Borrower, Borrower nor any Guarantorguarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender Administrative Agent or the Lenders for any damages whatsoever arising out of the payment or collection of any such Excess Interest.

Lawful Rate of Interest. In no event whatsoever shall the amount of interest paid or agreed to be paid to Lender pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“Excess Interest”"EXCESS INTEREST"), then ipso facto, the obligation to be fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower Borrowers if such Loan has been paid in full. Neither Borrower, No Borrower nor any Guarantorguarantor, endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender for any damages whatsoever arising out of the payment or collection of any such Excess Interest. Without limiting the foregoing, Borrowers agree to an effective rate of interest that is the rate stated in Section 2.6 hereof, plus any additional rate of interest resulting from any other sums, amounts, and charges in the nature of interest paid or to be paid by or on behalf of Borrowers, or any benefit or value received or to be received by the holder of the Note, in connection with the Loan.

Lawful Rate of Interest. In no event whatsoever shall the amount of ----------------------- interest paid or agreed to be paid to Lender Holder pursuant to this Loan Agreement, the Note or any of the Loan Documents exceed the highest lawful rate of interest permissible under applicable Lawlaw. If, from any circumstances whatsoever, fulfillment of any provision of this Loan Agreement, the Note and the other Loan Documents shall involve exceeding the lawful rate of interest which a court of competent jurisdiction may deem applicable hereto (“"Excess Interest”"), then ipso facto, the obligation to be --------------- ---------- fulfilled shall be reduced to the highest lawful rate of interest permissible under such Law law and if, for any reason whatsoever, Lender Holder shall receive, as interest, an amount which would be deemed unlawful under such applicable Lawlaw, such interest shall be applied to the Loan (whether or not due and payable), and not to the payment of interest, or refunded to Borrower Maker if such Loan has been paid in full. Neither Borrower, Maker nor any Guarantor, guarantor or endorser or surety nor their heirs, legal representatives, successors or assigns shall have any action against Lender Holder for any damages whatsoever arising out of the payment or collection of any such Excess Interest.