Common use of Waiver of Interest Clause in Contracts

Waiver of Interest. Notwithstanding the provisions of Clause 11.1 hereof, the Parties recognise and agree that the principle of the payment of interest/usury is repugnant to Xxxxx'ah and accordingly to the extent that [•] law would but for the provisions of this clause, impose whether by contract or by statute an obligation to pay interest/usury or a sum in the nature of interest/usury, the Parties hereby irrevocably and unconditionally expressly waive and reject any entitlement to recover from the other interest/usury or sum in the nature of interest/usury.

Waiver of Interest. Notwithstanding the provisions of Clause 11.1 4.1 hereof, the Parties recognise and agree that the principle of the payment of interest/usury is repugnant to Xxxxx'ah and accordingly to the extent that [•] law would but for the provisions of this clause, impose whether by contract or by statute an obligation to pay interest/usury or a sum in the nature of interest/usury, the Parties hereby irrevocably and unconditionally expressly waive and reject any entitlement to recover from the other interest/usury or sum in the nature of interest/usury.