Common use of Maximum Interest Rate Clause in Contracts

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 21 contracts

Samples: Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.)

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Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the "Maximum Rate"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 13 contracts

Samples: Convertible Debenture (American Healthchoice Inc /Ny/), Convertible Debenture (Radix Marine Inc), Convertible Debenture (Peabodys Coffee Inc/Nv)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Debenture could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 11 contracts

Samples: 10% Secured Convertible Debenture (Genmed Holding Corp), 10% Secured Convertible Debenture (Genmed Holding Corp), Securities Purchase Agreement (Mphase Technologies Inc)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture Agreement shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Agreement could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 10 contracts

Samples: Securities Purchase Agreement (American Security Resources Corp.), Securities Purchase Agreement (Mphase Technologies Inc), Securities Purchase Agreement (Last Mile Logistics Group, Inc.)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”"MAXIMUM RATE"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 5 contracts

Samples: Convertible Debenture (Medical Connections Holdings, Inc.), Convertible Debenture (Odyssey Pictures Corp), Convertible Debenture (Integrated Performance Systems Inc)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.. ___________________ Initials ____________________ Initials

Appears in 3 contracts

Samples: Convertible Debenture Agreement (3dicon Corp), Convertible Debenture (3dicon Corp), Convertible Debenture (MultiCell Technologies, Inc.)

Maximum Interest Rate. Notwithstanding anything herein to the ----------------------- contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the "Maximum Rate"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Debenture could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 2 contracts

Samples: Convertible Debenture Agreement (Fonefriend Inc), Convertible Debenture Agreement (Fonefriend Inc)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the "Maximum Rate"), the rate of interest applicable to this Debenture Agreement shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Agreement could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Advanced Id Corp), Securities Purchase Agreement (Seaway Valley Capital Corp)

Maximum Interest Rate. Notwithstanding anything herein to ----------------------- the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”"MAXIMUM RATE"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 2 contracts

Samples: Convertible Debenture (Sequiam Corp), Convertible Debenture (Invicta Group Inc)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the "Maximum Rate"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Debenture could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 2 contracts

Samples: Convertible Debenture (Espre Solutions Inc), Convertible Debenture (Seaway Valley Capital Corp)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder Lender in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture Note shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company Borrower hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 2 contracts

Samples: Convertible Note (Celsius Holdings, Inc.), Convertible Note (Celsius Holdings, Inc.)

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Maximum Interest Rate. Notwithstanding anything herein to ---------------------- the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”"MAXIMUM RATE"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 1 contract

Samples: Convertible Debenture (Thinka Weight Loss Corp)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Debenture could give rise to or result in any actual or potential violation of any applicable usury laws.. /s/ BPF _______

Appears in 1 contract

Samples: Convertible Debenture Agreement (Last Mile Logistics Group, Inc.)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, ---------------------- if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”"MAXIMUM RATE"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 1 contract

Samples: Convertible Debenture (World Golf League Inc)

Maximum Interest Rate. Notwithstanding anything herein ---------------------- to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”"MAXIMUM RATE"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 1 contract

Samples: Convertible Debenture (Seven Charles C)

Maximum Interest Rate. Notwithstanding anything herein to the --------------------- contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”"MAXIMUM RATE"), the rate of interest applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 1 contract

Samples: Convertible Debenture (World Golf League Inc)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the “Maximum Rate”), the rate of interest applicable to this Debenture Agreement shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note Agreement could give rise to or result in any actual or potential violation of any applicable usury laws.. Initials Initials

Appears in 1 contract

Samples: Securities Purchase Agreement (Celsius Holdings, Inc.)

Maximum Interest Rate. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate or Default Interest Rate, as applicable, as provided for herein shall exceed the maximum lawful rate which may be contracted for, charged, taken or received by the Holder in accordance with any applicable law (the "Maximum Rate"), the rate of interest or Default Interest Rate applicable to this Debenture shall be limited to the Maximum Rate. To the greatest extent permitted under applicable law, the Company hereby waives and agrees not to allege or claim that any provisions of this Note could give rise to or result in any actual or potential violation of any applicable usury laws.

Appears in 1 contract

Samples: Convertible Debenture (ID Perfumes, Inc.)

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