Common use of Maximum Amount of Interest Clause in Contracts

Maximum Amount of Interest. Notwithstanding any contrary provision, the total liability of OptiMark for payment of interest hereunder shall not exceed the maximum amount of interest permitted by law, and if any payment made by the OptiMark includes interest in excess of such a maximum amount, Softbank shall at any time before or after default apply such excess to the reduction of principal hereunder.

Appears in 4 contracts

Samples: Loan Agreement (Optimark Holdings Inc), Loan Agreement (Optimark Holdings Inc), Loan Agreement (Optimark Holdings Inc)

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