Common use of Maximum Lawful Interest Rate Clause in Contracts

Maximum Lawful Interest Rate. It is not the intention of Lender or Borrowers to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers and Lender, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender for use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document exceed the maximum amount permissible under applicable law. If from any circumstances Lender shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowers. All sums paid or agreed to be paid to Lender for the use, forbearance or detention of loans evidenced by the Note shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note until payment in full so that the rate of interest on account of such loans is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of the Lender or Borrowers the Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower and the Lender, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to the Lender for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any such circumstances the Lender shall should ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe Borrower. All sums paid or agreed to be paid to the Lender for the use, forbearance or detention of loans evidenced by monies advanced under the Note Loan shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note Indebtedness until payment in full so that the rate of interest on account of such loans the Indebtedness is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or Borrowers the Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances, the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe Borrower. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. ThisThis paragraph 4.10 shall control every other provision of the Loan Documents and all other agreements between the Bank and the Borrower contemplated thereby.

Maximum Lawful Interest Rate. It is not the intention of Lender ---------------------------- or Borrowers Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers Borrower and Lender, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances Lender shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to BorrowersBorrower. All sums paid or agreed to be paid to Lender for the use, forbearance or detention of loans evidenced by the Note money shall, to the extent permitted by applicable law, be amortized, proratedpro rated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereofhereof. ThisThis paragraph shall control every other provision of the Loan Documents and all other agreements among Lender and Borrower contemplated thereby.

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or Borrowers the Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any such circumstances Lender shall the Bank should ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe Borrower. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by monies advanced under the Note Revolving Loan shall, to the extent permitted by applicable lawLaw, be amortized, prorated, allocated and spread throughout the full term of the Note Indebtedness until payment in full so that the rate of interest on account of such loans the Indebtedness is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank ---------------------------- or Borrowers the Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the ---- ----- limit of such validity. If from any such circumstances, the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe Borrower. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. ThisThis paragraph shall control every other provision of the Loan Documents and all other agreements between the Bank and the Borrower contemplated thereby.

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or the Borrowers to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between the Borrowers and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to the Borrowers. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or Borrowers the Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances, the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe Borrower. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. ThisThis paragraph 2.11 shall control every other provision of the Loan Documents and all other agreements between the Bank and the Borrower contemplated thereby.

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or Borrowers the Borrower to violate the laws Laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe Borrower. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by monies included in the Note Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or the Borrowers to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between the Borrowers and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to the Borrowers. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note Obligations until payment in full so that the rate of interest on account of such loans Obligations is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or Borrowers any of the Borrower Entities to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between Borrowers the Borrower Entities and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be beg applied to the reduction of the principal amount owing owning hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowersthe appropriate Borrower Entity. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. This

Maximum Lawful Interest Rate. It is not the intention of Lender the Bank or ---------------------------- the Borrowers to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Documents and all other agreements between the Borrowers and Lenderthe Bank, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Document, exceed the maximum amount permissible under applicable law. If from any circumstances Lender whatsoever fulfillment of any provision hereof or of any other Loan Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso ---- facto, the obligation to be fulfilled shall be reduced to the limit of such ----- validity. If from any such circumstances the Bank shall ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to the Borrowers. All sums paid or agreed to be paid to Lender the Bank for the use, forbearance or detention of loans evidenced by the Note monies shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note such indebtedness until payment in full so that the rate of interest on account of such loans indebtedness is uniform throughout the term thereof. ThisThis Subsection 2.12 shall control every other provision of the Loan Documents and all other agreements between the Bank and the Borrowers contemplated thereby.

Maximum Lawful Interest Rate. It is not the intention of the Lender or Borrowers the Borrower to violate the laws of any applicable jurisdiction relating to usury or other restrictions on the maximum lawful interest rate. The Loan Credit Documents and all other agreements between Borrowers the Borrower and the Lender, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no event shall the interest paid or agreed to be paid to the Lender for the use, forbearance or detention of money loaned, or for the payment or performance of any covenant or obligation contained herein or in any other Loan Document Credit Document, exceed the maximum amount permissible under applicable law. If from any circumstances whatsoever fulfillment of any provision hereof or of any other Credit Document, at the time the performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If from any such circumstances the Lender shall should ever receive anything of value deemed interest under applicable law which would exceed interest at the highest lawful rate, such excessive interest shall be applied to the reduction of the principal amount owing hereunder, and not to the payment of interest, or if such excessive interest exceeds any unpaid balance of principal, such excess shall be refunded to Borrowers. All sums paid or agreed to be paid to Lender for the use, forbearance or detention of loans evidenced by the Note shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of the Note until payment in full so that the rate of interest on account of such loans is uniform throughout the term thereof. Thisbe