Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 151 contracts
Sources: Convertible Security Agreement (Xos, Inc.), Note Purchase Agreement (Adagio Medical Holdings, Inc.), Note Purchase Agreement (ARYA Sciences Acquisition Corp IV)
Usury. In the event If any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 20 contracts
Sources: Note (AtlasClear Holdings, Inc.), Convertible Note (Assure Holdings Corp.), Note Purchase Agreement (Tree Roots Entertainment Group Co LTD)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 11 contracts
Sources: Note and Warrant Purchase Agreement, Note Purchase Agreement (PogoTec, Inc.), Note and Warrant Purchase Agreement (PogoTec, Inc.)
Usury. In the event any interest Interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest Interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal Principal Amount of this Note.
Appears in 11 contracts
Sources: Senior Secured Promissory Note (Miso Robotics, Inc.), Senior Secured Promissory Note (Miso Robotics, Inc.), Senior Secured Promissory Note (Miso Robotics, Inc.)
Usury. In the event any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 10 contracts
Sources: Convertible Promissory Note Purchase Agreement (XL Fleet Corp.), Secured Convertible Promissory Note (Bone Biologics Corp), Secured Convertible Promissory Note (Bone Biologics Corp)
Usury. In the event that any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 9 contracts
Sources: Convertible Promissory Note (Maverick Energy Group, Ltd.), Convertible Promissory Note (Maverick Energy Group, Ltd.), Convertible Promissory Note (Maverick Energy Group, Ltd.)
Usury. In the event any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Note.
Appears in 4 contracts
Sources: Promissory Note (RoyaltyTraders LLC), Promissory Note (RoyaltyTraders LLC), Convertible Promissory Note (RoyaltyTraders LLC)
Usury. In the event If any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 4 contracts
Sources: Secured Subordinated Convertible Promissory Note (PureTech Health PLC), Secured Subordinated Convertible Promissory Note (PureTech Health PLC), Secured Subordinated Convertible Promissory Note (PureTech Health PLC)
Usury. In the event event, any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, rate then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 3 contracts
Sources: Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.), Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.), Note and Warrant Purchase Agreement (Jumpkicks, Inc.)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal the Principal Amount and applied against the principal Principal Amount of this Note.
Appears in 3 contracts
Sources: Participation and Repayment Priority Agreement (Orangehook, Inc.), Note (Orangehook, Inc.), Note Agreement (Orangehook, Inc.)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that the portion of the interest payment representing an amount in such excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 3 contracts
Sources: Note Purchase Agreement (Clean Energy Fuels Corp.), Note Purchase Agreement (Clean Energy Fuels Corp.), Note Purchase Agreement (Clean Energy Fuels Corp.)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal Principal Amount and applied against the principal Principal Amount of this Note.
Appears in 2 contracts
Sources: Promissory Note (China Cablecom Holdings, Ltd.), Note Agreement (China Networks International Holdings LTD)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 2 contracts
Sources: Promissory Note (Energys Group LTD), Senior Unsecured Convertible Promissory Note (Fitell Corp)
Usury. In the event any interest is paid on this Note a Note, or a fee that is deemed interest, which is deemed to be in excess of the then then-applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then then-applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this such Note.
Appears in 1 contract
Sources: Note and Royalty Participation Right Purchase Agreement
Usury. In the event that any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Usury. In the event any interest is paid on this Note Note, or a fee that is deemed interest, which is deemed to be in excess of the then applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Senior Convertible Promissory Note (Xspand Products Lab, Inc.)
Usury. In the event any interest is paid on this Note the Notes which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Notethe Notes.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this NoteNote and any excess payment shall be refunded.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this NoteNote in the inverse order of the maturities of such principal installments.
Appears in 1 contract
Sources: Note (Gibraltar Steel Corp)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note. With respect to this Note, the Company agrees to file any and all required notices and make any and all required disclosures as may be required under the applicable usury laws of all applicable jurisdictions.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which is deemed ----- to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Note and Warrant Purchase Agreement (Concentric Network Corp)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Biodiesel Purchase Agreement (Imperium Renewables Inc)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal Principal and applied against the principal Principal of this Note.
Appears in 1 contract
Usury. In the event any interest is Interest paid on this Subordinated Note which is deemed to be in excess of the then legal maximum rate, then that the portion of the interest Interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Subordinated Note.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.. Note - May 2013
Appears in 1 contract
Sources: Promissory Note (Lucas Energy, Inc.)
Usury. In the event If any interest that is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Note (Jones Soda Co)
Usury. In the event any interest is paid on this Note Note, or a fee that is deemed interest, which is deemed to be in excess of the then then-applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then then-applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Note and Royalty Participation Right Purchase Agreement
Usury. In the event any interest is paid on this Subordinated Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Subordinated Note.
Appears in 1 contract
Sources: Secured Subordinated Convertible Promissory Note (Bone Biologics Corp)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Securities Purchase Agreement (RXi Pharmaceuticals Corp)
Usury. In the event any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note. Such addition interest shall be in addition to all costs and expenses recoverable by Holder under Section 18.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Autotradecenter Com Inc)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that the portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Sources: Secured Convertible Promissory Note (Athena Bitcoin Global)