Common use of Limit of Validity Clause in Contracts

Limit of Validity. If from any circumstance whatsoever the fulfillment of any provision of this Deed, the Note or the Loan Agreement, at the time that the performance of such provision is due, involves transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed, the Note or the Loan Agreement that is in excess of the applicable limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 shall control every other provision of this Deed, the Note and the Loan Agreement.

Limit of Validity. If from any circumstance whatsoever the circumstances whatsoever, fulfillment of any provision of this DeedMortgage, the Note or the any other Loan AgreementDocuments, at the time that the performance of such provision is shall be due, involves shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then then, ipso facto facto, the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this DeedMortgage, the Note Note, or the any other Loan Agreement Document that is in excess of the applicable current limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 Section shall control every other provision of this DeedMortgage, the Note and the any other Loan AgreementDocument.

Limit of Validity. If from any circumstance circumstances whatsoever the fulfillment of any provision of this Deed, Mortgage or of the Note or the Loan AgreementNote, at the time that the performance of such provision is shall be due, involves shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed, Mortgage or under the Note or the Loan Agreement that is in excess of the applicable current limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 Paragraph 1.13 shall control every other provision of this Deed, Mortgage and of the Note and the Loan AgreementNote.

Limit of Validity. If from any circumstance circumstances whatsoever the fulfillment of any provision of this Deed, Instrument or of the Note Credit Agreement or the Loan Agreementof any other Operative Document, at the time that the performance of such provision is shall be due, involves shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed, Instrument or under the Note or the Loan Credit Agreement that is in excess of the applicable current limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 Section 7.03 shall control every other provision of this Deed, Instrument and of the Note and the Loan Credit Agreement.

Limit of Validity. If from any circumstance whatsoever the circumstances whatsoever, fulfillment of any provision of this DeedMortgage, the Note or the any other Loan AgreementDocument, at the time that the performance of such provision is shall be due, involves shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then then, ipso facto facto, the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this DeedMortgage, the Note Note, or the any other Loan Agreement Document that is in excess of the applicable current limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 Section shall control every other provision of this DeedMortgage, the Note and the any other Loan AgreementDocument.

Limit of Validity. If from any circumstance whatsoever the circumstances whatsoever, fulfillment of any provision of this Deed, Deed to Secure Debt or of the Note or the Loan AgreementNote, at the time that the performance of such provision is shall be due, involves shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then then, ipso facto facto, the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed, Deed to Secure Debt or under the Note or the Loan Agreement that is in excess of the applicable current limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 Section 1.15 shall control every other provision of this Deed, Deed to Secure Debt and of the Note and the Loan AgreementNote.

Limit of Validity. If from any circumstance whatsoever the circumstances whatsoever, fulfillment of any provision of this DeedMortgage, the Note or the any other Loan AgreementDocument, at the time that the performance of such provision is shall be due, involves shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then then, ipso facto facto, the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this DeedMortgage, the Note Note, or the any other Loan Agreement Document that is in excess of the applicable current limit of such validity, but such obligation shall be fulfilled to the limit of such validity. The provisions of this paragraph 1.11 Section shall control every other provision pro vision of this DeedMortgage, the Note and the any other Loan AgreementDocument.