Common use of Maximum Interest Rate; Payment of Fee Clause in Contracts

Maximum Interest Rate; Payment of Fee. If the rate of interest payable hereunder or under the Fee Letter shall exceed the Maximum Lawful Rate for any period for which interest is payable, then (i) interest at such Maximum Lawful Rate shall be due and payable with

Appears in 2 contracts

Samples: Letter of Credit and Reimbursement Agreement, Letter of Credit and Reimbursement Agreement

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Maximum Interest Rate; Payment of Fee. If the rate of interest payable hereunder or under the Fee Letter shall exceed the Maximum Lawful Rate for any period for which interest is payable, then (i) interest at such Maximum Lawful Rate shall be due and payable withwith respect to such interest period and (ii) interest at the rate equal to the difference between (A) the rate of interest calculated in accordance with the terms hereof and thereof and

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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Maximum Interest Rate; Payment of Fee. If the rate of interest payable hereunder or under the Fee Letter shall exceed the Maximum Lawful Rate for any period for which interest is payable, then (i) interest at such Maximum Lawful Rate shall be due and payable withwhich

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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