Common use of No Maximum Lawful Rate Clause in Contracts

No Maximum Lawful Rate. The interest rate payable on the Authority’s obligations to the Bank hereunder and the MTA RANs is not subject to any limitation under the statutes or constitution of the State of New York.

Appears in 3 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement, Revolving Credit Agreement

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No Maximum Lawful Rate. The interest rate payable on the Authority’s obligations to the Bank Lenders hereunder and the MTA RANs is not subject to any limitation under the statutes or constitution of the State of New York.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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