Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, if received by the Lender, shall be refunded to the Borrower without interest.
Appears in 7 contracts
Samples: Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 7 contracts
Samples: Replacement Standard Libor Grid Note, Replacement Standard Libor Grid Note (Hardinge Inc), Commercial Loan Guaranty and Security Agreement (Hardinge Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 5 contracts
Samples: Grid Note (Blue Ridge Real Estate Co), Loan Agreement (CVC Inc), Term Loan Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower Xxxxxxxx agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower Borrower, without interest.
Appears in 5 contracts
Samples: Demand Note (CurAegis Technologies, Inc.), Term Note (Hardinge Inc), Replacement Term Note (Hardinge Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”“). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 4 contracts
Samples: Mortgage Warehouse Loan and Security Agreement, Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 3 contracts
Samples: Credit Agreement (Advancis Pharmaceutical Corp), Libor Term Note (Grumbacher M Thomas), Term Loan Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall such interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, canceled and if received by the Lender, Lender shall be refunded to the Borrower Borrower, without interest.
Appears in 3 contracts
Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest Interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 2 contracts
Samples: Daily Adjusting Libor Revolving Line Note, Daily Adjusting Libor Revolving Line Note (Manning & Napier, Inc.)
Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall such interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, canceled and if received by the Lender, Lender shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Samples: Construction Line of Credit Mortgage Note (Blue Ridge Real Estate Co)
Maximum Legal Rate. It is the intent of the Lender Bank and the of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”'). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Lender Bank and the of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Samples: Revolving Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower Xxxxxxxx agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower Borrower, without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note Rate from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, if received by the Lender, shall be refunded to the Borrower without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower Borrower, without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent Intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
