No Usury. The intention of the parties being to conform strictly to the applicable usury laws, whenever any provision herein provides for payment by Tenant to Landlord of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.
Appears in 35 contracts
Samples: Lease Agreement (Plumas Bancorp), Lease Agreement (Finward Bancorp), Lease Agreement (Finward Bancorp)
No Usury. The intention of the parties being to conform strictly to the applicable usury lawslaws now in force in the State, whenever any provision herein provides for payment by Tenant to Landlord of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.
Appears in 5 contracts
Samples: Lease Agreement (Smsa Gainesville Acquisition Corp.), Lease Agreement (Capital Automotive Reit), Lease (Beckman Coulter Inc)
No Usury. The intention of the parties being to conform strictly to the applicable usury lawslaws now in force, whenever any provision herein in this Lease provides for payment by Tenant Lessee to Landlord Lessor of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.
Appears in 5 contracts
Samples: Lease Agreement (Inamed Corp), Lease Agreement (National American University Holdings, Inc.), Lease Agreement (Manchester Technologies Inc)
No Usury. The intention of the parties being to conform strictly to the applicable usury lawsLaws, whenever any provision herein provides for payment by Tenant to Landlord of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.
Appears in 2 contracts
Samples: Lease Agreement (Axcelis Technologies Inc), Real Estate Sale Agreement (Axcelis Technologies Inc)
No Usury. The intention of the parties being to conform strictly to the -------- applicable usury laws, whenever any provision herein provides for payment by Tenant to Landlord of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.
Appears in 1 contract
No Usury. The intention of the parties being to conform strictly to the applicable usury lawslaws now in force, whenever any provision herein in this Lease provides for payment by Tenant Lessee to Landlord Lessor of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate.. 22
Appears in 1 contract
No Usury. The intention of the parties being to conform strictly to the applicable usury lawslaws now in force in the State, whenever any provision herein provides for payment by Tenant to Landlord of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall be deemed reduced to such legal rate. 31.
Appears in 1 contract
Samples: Lease (Ace Hardware Corp)
No Usury. The intention of the parties being to conform strictly to the -------- applicable usury laws, whenever any provision herein provides for payment by Tenant to Landlord of interest at a rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid shall will be deemed reduced to such legal rate.
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