Common use of NO EXCESS FEES Clause in Contracts

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: Loan Agreement (Temtex Industries Inc), Business Loan Agreement (Powell Industries Inc), Business Loan Agreement (Oyo Geospace Corp)

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