Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or interest on this Note.
Appears in 70 contracts
Samples: Convertible Note Agreement (CarbonMeta Technologies, Inc.), Convertible Note (ParcelPal Logistics Inc.), Convertible Note (CoroWare, Inc,)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any the applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages principal or interest on this Note.
Appears in 24 contracts
Samples: Note (Elite Data Services, Inc.), Note (SGOCO Group, Ltd.), Note (Brazil Minerals, Inc.)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any the applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages Interest or interest Default Interest on this Note.
Appears in 7 contracts
Samples: Note (No Borders, Inc.), Convertible Note Agreement (Clean Energy Technologies, Inc.), Convertible Note Agreement (Clean Energy Technologies, Inc.)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or interest on this Note.on
Appears in 6 contracts
Samples: Convertible Note (Humble Energy, Inc./Fl), Convertible Note (Humble Energy, Inc./Fl), Convertible Note Agreement (Humble Energy, Inc./Fl)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or interest on this Note.this
Appears in 2 contracts
Samples: Convertible Note Agreement (Arax Holdings Corp), Sale Purchase Agreement (Arax Holdings Corp)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law law, except usury laws that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or interest on this Note.
Appears in 1 contract
Samples: Note Agreement (Advantego Corp)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or interest on this Note.. [Signature Page Follows]
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