Common use of No Usurious Interest Clause in Contracts

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to Borrower.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 2.6 shall be determined to be unlawfulexceed any limitation on interest under applicable Law, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable lawLaw. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this the affected Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to the Borrower.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 2 shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any Interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to Borrower.

No Usurious Interest. In the event that any interest rate(s) -------------------- provided for in this Note (or any other payment hereunder) Section 2, shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to Borrower.

No Usurious Interest. In the event that any interest rate(s) rate provided for in this Note (or any other payment hereunder) herein shall be determined to be unlawful, such interest rate(s) (or other payment) rate shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to Borrower.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 3.1, shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this the Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to the Borrower.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 2.2, shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note the Loan without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to the Borrower.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 2 shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower Maker of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to BorrowerMaker.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 2, shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to the Borrower.

No Usurious Interest. In the event that any interest rate(s) provided for in this Note (or any other payment hereunder) Section 2 shall be determined to be unlawful, such interest rate(s) (or other payment) shall be computed at the highest rate (or amount) permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted by law shall be considered a mistake, with the excess being applied to the principal amount of this Note without prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to Borrower.