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 20 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: Registration Rights Agreement (Quintek Technologies Inc), American Healthchoice Inc /Ny/, RMD 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 11 contracts

Samples: Securities Purchase Agreement (Mphase Technologies Inc), Genmed Holding Corp, Genmed Holding 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 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 (Last Mile Logistics Group, Inc.), Securities Purchase Agreement (American Security Resources 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”"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: One Voice Technologies Inc, X-Change Corp, 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: MultiCell Technologies, Inc., 3dicon Corp, 3dicon 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.

Appears in 2 contracts

Samples: Warrant Agreement (Fonefriend Inc), Warrant 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 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: Celsius Holdings, Inc., Celsius Holdings, 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: Espre Solutions Inc, 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"), 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: Sequiam Corp, 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”"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: 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”), 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.. TWH JAN Initials Initials

Appears in 1 contract

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

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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: ID Perfumes, 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 (Mega Media 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: 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: 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”), 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.. SECTION 6.4

Appears in 1 contract

Samples: Material Technologies Inc /Ca/

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.. ___________________ Initials ____________________ Initials

Appears in 1 contract

Samples: Mega Media 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: 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: World Golf League Inc

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