Common use of Not Usurious Clause in Contracts

Not Usurious. The indebtedness evidenced by the Loan, including, without limitation, interest, fees and charges provided for herein, is a business loan. The Loan is an exempted transaction under the Truth in Lending Act 15 USC §§ 1601, et seq. The Loan does not and will not, when disbursed, violate the provisions of any consumer credit laws or usury laws.

Appears in 3 contracts

Samples: Loan Agreement (Energy Services of America CORP), Loan Agreement (Energy Services of America CORP), Loan Agreement (Energy Services of America CORP)

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Not Usurious. The indebtedness evidenced by the Loan, including, without limitation, including interest, fees and charges provided for herein, is a business loan. The ; the Loan is an exempted transaction under the Truth in Lending Act Act, 15 USC §§ 1601, et seq. The U.S.C. Section 1601 ET SEQ.; and the Loan does not and will not, and when disburseddisbursed shall not, violate the provisions of any consumer credit laws or usury lawslaws of any Governmental Authority.

Appears in 1 contract

Samples: Loan and Security Agreement (A /P I Deposit Corp)

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Not Usurious. The indebtedness evidenced by the LoanLoan(s), including, without limitation, interest, fees and charges provided for herein, is a business loan. The Loan is an exempted transaction under the Truth in Lending Act 15 USC §§ 1601, et seq. The Loan does not and will not, when disbursed, violate the provisions of any consumer credit laws or usury laws.

Appears in 1 contract

Samples: Loan Agreement (Energy Services of America CORP)

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