Common use of Limitation on Payments Clause in Contracts

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any Lender, and each Lender shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.

Appears in 24 contracts

Samples: Short Term Revolving Credit Agreement (Foster Wheeler Corp), Credit Agreement (Steel Dynamics Inc), Credit Agreement (Nevada Power Co)

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Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower Borrowers shall not be required to make any payment to or for the account of any Lender, and each Lender shall refund any payment made by the BorrowerBorrowers, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Air Products & Chemicals Inc /De/), Revolving Credit Agreement (Air Products & Chemicals Inc /De/), Revolving Credit Agreement (Air Products & Chemicals Inc /De/)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any the Lender, and each the Lender shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such the Lender.

Appears in 6 contracts

Samples: Credit Agreement (Analex Corp), Credit Agreement (Hadron Inc), Term Loan Agreement (Hardinge Inc)

Limitation on Payments. The parties hereto intend to conform to all applicable Applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower Loan Parties shall not be required to make any payment to or for the account of any the Lender, and each Lender shall refund any payment made by the Borrowerany of them, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.

Appears in 4 contracts

Samples: Loan and Guaranty Agreement (Seneca Foods Corp), Loan and Guaranty Agreement (Seneca Foods Corp), Loan and Guaranty Agreement (Seneca Foods Corp)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any Lender, and each any Lender shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.

Appears in 4 contracts

Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp), Short Term Credit Agreement (Black Box Corp)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any LenderBank, and each Lender Bank shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such LenderBank.

Appears in 3 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), 364 Day Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Sierra Pacific Power Co)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower Borrowers shall not be required to make any payment to or for the account of any Lender, and each any Lender shall refund any payment made by the BorrowerBorrowers, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.

Appears in 2 contracts

Samples: Credit Agreement (Black Box Corp), Credit Agreement (Norstan Inc)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any the Lender, and each the Lender shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable non-waivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such the Lender.

Appears in 2 contracts

Samples: Credit Agreement (Analex Corp), Credit Agreement (Analex Corp)

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Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the no Borrower shall not be required to make any payment to or for the account of any Lender, and each Lender shall refund any payment made by the such Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.

Appears in 2 contracts

Samples: Term Loan and Revolving Credit Agreement (Foster Wheeler LTD), Revolving Credit Agreement (Foster Wheeler Corp)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Documenthereof, the Borrower Company shall not be required to make any payment to or for the account of any LenderBank, and each Lender Bank shall refund any payment made by the BorrowerCompany, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such LenderBank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ampco Pittsburgh Corp)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any Lender, and each Lender shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lender.would

Appears in 1 contract

Samples: Term Loan Agreement (J&l Specialty Steel Inc)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any Lenderthe Lenders, and each Lender the Lenders shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such LenderLenders.

Appears in 1 contract

Samples: Credit and Loan Agreement (Transmation Inc)

Limitation on Payments. The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of any Lender, and each Lender shall refund any payment made by the Borrower, Bank to the extent that such requirement or such failure to refund would violate or conflict with nonwaivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by such Lenderthe Bank.

Appears in 1 contract

Samples: Credit Agreement (Oakhurst Co Inc)

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