Common use of Limitation on Interest Clause in Contracts

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder as a payment of principal.

Appears in 28 contracts

Samples: Subscription Agreement (Odyssey Semiconductor Technologies, Inc.), Senior Secured Note Purchase Agreement (TILT Holdings Inc.), Junior Secured Note Purchase Agreement (TILT Holdings Inc.)

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Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder Holders as a payment of principal.

Appears in 9 contracts

Samples: Convertible Note Purchase Agreement (ASP Isotopes Inc.), Convertible Note Purchase Agreement (ASP Isotopes Inc.), Convertible Note Purchase Agreement (Guerrilla RF, Inc.)

Limitation on Interest. In no event will any interest charged, collected collected, or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder as a payment of principal.

Appears in 3 contracts

Samples: Peak Bio, Inc., SOS Hydration Inc., SOS Hydration Inc.

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder Noteholder as a payment of principal.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Mosaic ImmunoEngineering Inc.), Convertible Note Purchase Agreement (Mosaic ImmunoEngineering Inc.)

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder as a payment of principal.

Appears in 1 contract

Samples: Alphatec Holdings, Inc.

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder Holders as a payment of principalthe principal amount.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Tailwind Acquisition Corp.)

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder as a payment of principal.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Harvest Health & Recreation Inc.)

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Limitation on Interest. In no event will any interest charged, collected collected, or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder Investor as a payment of principal.

Appears in 1 contract

Samples: Peak Bio, Inc.

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder as a payment of principal. 11.13.

Appears in 1 contract

Samples: Secured Note Purchase Agreement (TILT Holdings Inc.)

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder Investor as a payment of principal.

Appears in 1 contract

Samples: f.hubspotusercontent30.net

Limitation on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted by applicable law, and if any payment made by the Company Co-Borrowers under this Note exceeds such maximum rate, then such excess sum will be credited by the Holder as a payment of principal.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Harvest Health & Recreation Inc.)

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