Common use of Maximum Legal Rate Clause in Contracts

Maximum Legal Rate. If at any time an interest rate applicable hereunder exceeds the maximum rate permitted by law, such rate shall be reduced to the maximum rate so permitted by law.

Appears in 12 contracts

Samples: Convertible Note (Brain Scientific Inc.), Convertible Note (Brain Scientific Inc.), Convertible Note (Brain Scientific Inc.)

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Maximum Legal Rate. If at any time an the interest rate applicable hereunder exceeds the maximum rate permitted by law, such rate shall will be reduced to the maximum rate so permitted by law.

Appears in 1 contract

Samples: Note Purchase Agreement (CMG Holdings, Inc.)

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