Limit on Interest. Notwithstanding anything in this Agreement to the contrary, neither party hereto shall be obligated to pay interest at a rate higher than the maximum rate permitted by applicable law.
Appears in 6 contracts
Samples: Stock Purchase Agreement (Industrial Holdings Inc), Stock Purchase Agreement (T-3 Energy Services Inc), Stock Purchase Agreement (T-3 Energy Services Inc)
Limit on Interest. Notwithstanding anything in this Agreement to the contrary, neither no party hereto shall be obligated to pay interest at a rate higher than the maximum rate permitted by applicable law. In the event that an interest rate provided in this Agreement exceeds the maximum rate permitted by applicable law, such interest rate shall be deemed to be reduced to such maximum permissible rate.
Appears in 5 contracts
Samples: Merger Agreement (Alliance Gaming Corp), Stock Purchase Agreement (Sands Regent), Asset Purchase Agreement (Bikers Dream Inc)
Limit on Interest. Notwithstanding anything in this Agreement to the contrary, neither no party hereto shall be obligated to pay interest at a rate higher than the maximum rate permitted by applicable law. In the event that at any time an interest rate provided in this Agreement exceeds the maximum rate permitted by applicable law, such interest rate shall be deemed to be reduced to such maximum permissible rate.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Vdi Multimedia), Asset Purchase Agreement (Vdi Media), Asset Purchase Agreement (Vdi Media)
