Common use of PROHIBITION AGAINST USURY Clause in Contracts

PROHIBITION AGAINST USURY. If any late charges provided for in any provision of this Lease are based upon a rate in excess of the maximum rate permitted by applicable law, the parties agree that such charges shall be fixed at the maximum permissible rate.

Appears in 23 contracts

Samples: Sublease Agreement (Eldertrust), Lease Agreement (Eldertrust), Lease (Golf Trust of America Inc)

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PROHIBITION AGAINST USURY. If any late charges provided for in ------------------------- any provision of this Lease are based upon a rate in excess of the maximum rate permitted by applicable law, the parties agree that such charges shall be fixed at the maximum permissible rate.

Appears in 4 contracts

Samples: Lease (National Golf Properties Inc), Lease (National Golf Properties Inc), Executive Original (National Golf Properties Inc)

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