Common use of Limit on Rate of Interest Clause in Contracts

Limit on Rate of Interest. (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 21 contracts

Samples: Term Loan Credit Agreement (MRC Global Inc.), Refinancing Amendment (MRC Global Inc.), Refinancing Amendment and Successor Administrative Agent Agreement (MRC Global Inc.)

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Limit on Rate of Interest. (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the no Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 9 contracts

Samples: Revolving Credit Agreement (NXP Semiconductors N.V.), Credit Agreement (NXP Semiconductors N.V.), Secured Revolving Credit Agreement (NXP Semiconductors N.V.)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 4 contracts

Samples: Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.), Abl Credit Agreement (Academy Sports & Outdoors, Inc.)

Limit on Rate of Interest. (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulationApplicable Law.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Goodman Global Group, Inc.), Term Loan Credit Agreement (Goodman Global Group, Inc.), Revolving Credit Agreement (Goodman Sales CO)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulationregulation (the “Maximum Rate”).

Appears in 3 contracts

Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged obligated to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect to any of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 3 contracts

Samples: Credit Agreement (Vine Energy Inc.), Credit Agreement, Credit Agreement (EP Energy Corp)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower Borrowers shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreementprovision herein, the Borrower shall not be obliged obligated to pay any interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 1 contract

Samples: Credit Agreement

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Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or any other Credit Document in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.Applicable Law. -153- #95203802v2296160609v3 #96160609v5

Appears in 1 contract

Samples: Incremental Agreement to Credit Agreement (Snap One Holdings Corp.)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement or any other Credit Document in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulationApplicable Law.

Appears in 1 contract

Samples: Credit Agreement (Snap One Holdings Corp.)

Limit on Rate of Interest. (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Sealy Corp)

Limit on Rate of Interest. (a) No Payment shall exceed Lawful RateRate . Notwithstanding any other term of this Agreement, the Borrower Borrowers shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

Appears in 1 contract

Samples: First Lien Credit Agreement (IPC Systems Holdings Corp.)

Limit on Rate of Interest. (a) No Payment shall exceed Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged obligated to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.connection

Appears in 1 contract

Samples: Credit Agreement (Talen Energy Corp)

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