Loan Charges. If a law that applies to my loan and sets maximum loan charges is finally interpreted so that the interest or other loan charges collected or to be collected in connection with my loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from me that exceeded permitted limits will be refunded to me. You may choose to make this refund by reducing the principal I owe under this Note or by making a direct payment to me.
Appears in 26 contracts
Samples: Registration Agreement (Prosper Funding LLC), Registration Agreement (Prosper Funding LLC), Borrower Registration Agreement (Prosper Funding LLC)
Loan Charges. If a law that law, which applies to my this loan and which sets maximum loan charges charges, is finally interpreted so that the interest or other loan charges collected or to be collected in connection with my this loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from me that which exceeded permitted limits will be refunded to me. You may choose to make this refund by reducing the principal I owe under this Note or by making a direct payment to me.
Appears in 17 contracts
Samples: Lender Registration Agreement, Borrower Registration Agreement, Borrower Registration Agreement (Prosper Marketplace Inc)
Loan Charges. If a law that applies to my loan the Loan and sets maximum loan charges is finally interpreted so that the interest or other loan charges collected or to be collected in connection with my loan the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from me Borrower that exceeded permitted limits will be refunded to meBorrower. You Lender may choose to make this refund by reducing the principal I owe owed under this Note or by making a direct payment to meBorrower.
Appears in 7 contracts
Samples: Promissory Note and Debt Assumption (Amphitrite Digital Inc), Borrower Agreement (LendingClub Corp), Marketing and Program Management Agreement (LendingClub Corp)
