NO EXCESS FEES. Notwithstanding anything to the contrary in this Section 2, in no event shall any sum payable under this Section 2 (to the extent, if any, constituting interest under any applicable laws), together with all amounts constituting interest under applicable laws and payable in connection with the credit evidenced hereby, exceed the Maximum Rate or the maximum amount of interest permitted to be charged, taken, reserved, received or contracted for under applicable usury laws.
Appears in 5 contracts
Samples: Business Loan Agreement (Oyo Geospace Corp), Business Loan Agreement (Ba Merchant Services Inc), Business Loan Agreement (Temtex Industries Inc)
NO EXCESS FEES. Notwithstanding anything to the contrary in this Section 2, in no event shall any sum payable under this Section 2 (to the extent, if any, constituting interest under any applicable laws), together with all other amounts constituting interest under applicable laws and payable in connection with the credit evidenced hereby, exceed the Maximum Rate or the maximum amount of interest permitted to be charged, taken, reserved, received or contracted for under applicable usury lawscomputed at the Maximum Rate.
Appears in 1 contract
Samples: Loan Agreement (Mexco Energy Corp)
