Applicable Interest Law definition

Applicable Interest Law means any present or future law (including, without limitation, the laws of the State of New York and the United States of America) which has application to the interest and other charges pursuant to this Note.

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Applicable Interest Law means any present or future law (including, without limitation, the laws of the State of New York and the United States of America) which has

Examples of Applicable Interest Law in a sentence

Interest determined at the Maximum Legal Rate of Interest shall be determined in accordance with Applicable Interest Law.
To the extent permitted by the Applicable Interest Law, all sums paid or agreed to be paid to the holders of any Notes for the use, forbearance or detention of the indebtedness evidenced by the Notes shall be amortized, prorated, allocated and spread throughout the full term of such Notes.
To the extent permitted by the Applicable Interest Law, all sums paid or agreed to be paid to the holders of the Notes for the use, forbearance or detention of the indebtedness evidenced thereby shall be amortized, prorated, allocated and spread throughout the full term of the Notes.
Accordingly, notwithstanding any provisions to the contrary in this Agreement or in any Note, the aggregate of all interest, and any other charges or consideration constituting interest under Applicable Interest Law, that is taken, reserved, contracted for, charged or received pursuant to this Agreement or any Notes (other than Notes held by holders that are not institutions of the Farm Credit System) shall under no circumstances exceed the maximum amount of interest allowed by the Applicable Interest Law.
Nonetheless, it is the intention of the Company and holders of the Notes that are not institutions of the Farm Credit System to conform strictly to the Applicable Interest Law.
Accordingly, it is agreed that, notwithstanding any provisions to the contrary in this Agreement or in the Notes, the aggregate of all interest, and any other charges or consideration constituting interest under the Applicable Interest Law that is taken, reserved, contracted for, charged or received pursuant to this Agreement or the Notes shall under no circumstances exceed the maximum amount of interest allowed by the Applicable Interest Law.
If at any time thereafter, the Maximum Legal Rate of Interest is increased, then, to the extent that it shall be permissible under the Applicable Interest Law, the Company shall forthwith pay to the holders of the Notes, on a pro rata basis, all amounts of such excess interest that the holders of the Notes would have been entitled to receive pursuant to the terms of this Agreement and the Notes had such increased Maximum Legal Rate of Interest been in effect at all times when such excess interest accrued.
It is the intention of the Company and the holders of the Notes to conform strictly to the Applicable Interest Law.
It is the intention of the Issuers and the Purchasers to conform strictly to the Applicable Interest Law, and the parties agree that the aggregate of all interest, and any other charges or consideration constituting interest under the Applicable Interest Law that is taken, reserved, contracted for, charged or received pursuant to this Agreement or the Notes shall under no circumstances exceed the maximum amount of interest allowed by the Applicable Interest Law.
If at any time thereafter, the Maximum Legal Rate of Interest is increased then, to the extent that it shall be permissible under the Applicable Interest Law, the Company shall forthwith pay to the holders of the Notes, on a pro rata basis, all amounts of such excess interest that the holders of the Notes would have been entitled to receive pursuant to the terms of this Agreement and the Notes had such increased Maximum Legal Rate of Interest been in effect at all times when such excess interest accrued.

More Definitions of Applicable Interest Law

Applicable Interest Law means any present or future law (including, without limitation, the law of the United States of America) which has application to the interest and other charges pursuant to this Agreement and the Notes, PROVIDED THAT, THE FOREGOING NOTWITHSTANDING, THE PARTIES HERETO SELECT, TO THE EXTENT THEY MAY LAWFULLY DO SO, THE INTERNAL LAWS OF THE STATE OF NEW YORK AS THE LAW WHICH HAS APPLICATION U.S. RESTAURANT PROPERTIES OPERATING L.P. 65 NOTE PURCHASE AGREEMENT

Applicable Interest Law means any present or future law which has application to the interest and other charges pursuant to this Agreement and the Notes; provided, however, that pursuant to Section 6.5, the parties have selected the internal laws of the State of New York as the Applicable Interest Law for purposes of this Agreement. Applicable Law - all laws, rules and regulations applicable to the Person, conduct, transaction, covenant, Financing Document or Material Contract in question, including all applicable common law and equitable principles; all provisions of all applicable state, federal and foreign constitutions, statutes, rules, regulations and orders of governmental bodies; and all orders, judgments and decrees of all courts and arbitrators. Bankruptcy Code - title 11 of the United States Code, as amended and in effect from time to time.