Common use of Maximum Interest Amount Clause in Contracts

Maximum Interest Amount. Any amount assessed or collected as interest under the terms of this Note or obligation will be limited to the Maximum Lawful Amount of interest allowed by state or federal law. Amounts collected in excess of the Maximum Lawful Amount will be applied first to the unpaid Principal balance. Any remainder will be refunded to me.

Appears in 3 contracts

Samples: Credit Agreement (Minnesota Ase Inc), C & S Bancorporation Inc, Rako Capital Corp

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Maximum Interest Amount. Any amount assessed or collected as interest under the terms of this Promissory Note or obligation will be limited to the Maximum Lawful Amount maximum amount of interest allowed by state or federal law, whichever is greater. Amounts collected in excess of the Maximum Lawful Amount maximum lawful amount will be applied first to the unpaid Principal balance. Any Amount of the Promissory Note and any remainder will be refunded paid to methe Lender as an origination fee.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Sysorex, Inc.), Stock Pledge Agreement (Sysorex, Inc.)

Maximum Interest Amount. Any amount assessed or collected as interest under the terms of this the Note or obligation will be limited to the Maximum Lawful Amount maximum lawful amount of interest allowed by state or federal law, whichever is greater. Amounts collected in excess of the Maximum Lawful Amount maximum lawful amount will be applied first to the unpaid Principal balance. Any remainder will be refunded to me.

Appears in 2 contracts

Samples: Optical Cable Corp, Optical Cable Corp

Maximum Interest Amount. Any amount assessed or collected as interest under the terms of this Note or obligation will be limited to the Maximum Lawful Amount maximum lawful amount of interest allowed by state or federal law, whichever is greater. Amounts collected in excess of the Maximum Lawful Amount maximum lawful amount will be applied first to the unpaid Principal balance. Any remainder will be refunded to me.

Appears in 2 contracts

Samples: First National (LGL Group Inc), First National (LGL Group Inc)

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Maximum Interest Amount. Any amount assessed or collected as interest under the terms of this Promissory Note or obligation will be limited to the Maximum Lawful Amount maximum amount of interest allowed by state or federal law, whichever is greater. Amounts collected in excess of the Maximum Lawful Amount maximum lawful amount will be applied first to the unpaid Principal balance. Any Amount of the Promissory Note and any remainder will be refunded paid to meLender as an origination fee.

Appears in 1 contract

Samples: Commercial Loan Agreement (Sysorex, Inc.)

Maximum Interest Amount. Any amount assessed or collected as interest under the terms of this Note or obligation will be limited to the Maximum Lawful Amount maximum lawful amount of interest allowed by state or federal applicable law. Amounts collected in excess of the Maximum Lawful Amount maximum lawful amount will be applied first to the unpaid Principal balance. Any remainder will be refunded returned to me.

Appears in 1 contract

Samples: Date And

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