Common use of Recoupment Clause in Contracts

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note Notes equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest ---------- selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note Notes equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii4(a)(ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) 4.1.1 or 4(a)(ii) 4.1.2 above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) 4.1.1 or (ii)4.1.2, as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections Subsection 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note Notes equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections Subsection 4(a)(i) or (ii4(a)(ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i), 4(a)(ii) or 4(a)(ii4(d) above shall exceed the Maximum Rate, thereby causing the interest on the Notes Note to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes Note below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes Note if the rate or rates selected pursuant to Sections 4(a)(i), 4(a)(ii) or (ii4(d), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii), as the case may be, had at all times been in effect. Change of Circumstances.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii4(a)(ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected ---------- pursuant to Sections 4(a)(i) or 4(a)(iiSection 4(a) above shall exceed the Maximum Rate, thereby causing the interest on one or more of the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the such Notes below the Maximum Rate until the total amount of interest accrued on the Note such Notes equals the amount of interest which that would have accrued on the Notes Note if the rate or rates selected pursuant to Sections 4(a)(iSection 4(a) or (ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected ---------- pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on one or more of the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the such Notes below the Maximum Rate until the total amount of interest accrued on the Note such Notes equals the amount of interest which that would have accrued on the Notes Note if the rate or rates selected pursuant to Sections 4(a)(i) or (ii4(a)(ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest ---------- selected pursuant to Sections 4(a)(i) or 4(a)(ii2.5(a)(b)and (c) above shall exceed the Maximum Rate, thereby causing the interest on the Notes to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes if the rate or rates selected pursuant to the Sections 4(a)(i) or (ii), as the case may be, listed above had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes Note to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Note or Notes below the Maximum Rate until the total amount of interest accrued on the Note or Notes equals the amount of interest which would have accrued on the Note or Notes if the rate or rates selected pursuant to Sections 4(a)(i) or (ii4(a)(ii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i), 4(a)(ii) or 4(a)(ii4(a)(iii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes Note to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes Note below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes Note if the rate or rates selected pursuant to Sections 4(a)(i), (ii) or (iiiii), as the case may be, had at all times been in effect.

Recoupment. If at any time the applicable rate of interest selected pursuant to Sections 4(a)(i) or 4(a)(ii) above shall exceed the Maximum Rate, thereby causing the interest on the Notes Note to be limited to the Maximum Rate, then any subsequent reduction in the interest rate so selected or subsequently selected shall not reduce the rate of interest on the Notes Note below the Maximum Rate until the total amount of interest accrued on the Note equals the amount of interest which would have accrued on the Notes Note if the rate or rates selected pursuant to Sections 4(a)(i) or (ii), as the case may be, had at all times been in effect.