Applicable Usury Laws definition

Applicable Usury Laws has the meaning set forth in Section 11.09 hereof.

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Applicable Usury Laws means the Texas Finance Code, any other law of the State of Texas limiting interest rates or the amount of interest that may lawfully be charged and any applicable Federal law to the extent that it permits Banks to contract for, charge, reserve or receive a greater amount of interest than under the Texas Finance Code or other laws of the State of Texas.

Applicable Usury Laws means the Texas Finance Code, any other law of the State of Texas limiting interest rates and any applicable Federal law to the extent that it permits Banks to contract for, charge, reserve or receive a greater amount of interest than under the Texas Finance Code or other laws of the State of Texas.

Examples of Applicable Usury Laws in a sentence

• All sums paid, or agreed to be paid, to any person pursuant to this Agreement for the use, forbearance or detention of any indebtedness arising hereunder shall, to the fullest extent permitted by the Applicable Usury Laws, be amortized, pro rated, allocated and spread throughout the full term of any such indebtedness so that the actual rate of interest does not exceed the Highest Lawful Rate in effect at any particular time during the full term thereof.

• Notwithstanding any other provision of this Agreement, it is the intention of the parties hereto to conform strictly to Applicable Usury Laws, in each case to the extent they are applicable to this Agreement.

• As used herein, the term “Maximum Amount” means the maximum nonusurious amount of interest which may be lawfully contracted for, reserved, charged, collected or received by Lender in connection with the indebtedness evidenced by this Agreement, the Notes and other Loan Documents under all Applicable Usury Laws.

• The maximum rate of interest, if any, that may be charged to any person under all Applicable Usury Laws on any principal balance from time to time outstanding pursuant to this Agreement.

• The maximum nonusurious amount of interest that may be lawfully contracted for, charged or received by any person in connection with any indebtedness arising under this Agreement under all Applicable Usury Laws.

More Definitions of Applicable Usury Laws

Applicable Usury Laws shall have the meaning set forth in Section 8.14.

Applicable Usury Laws means such laws of the State of Texas or the laws of the United States, whichever laws allow the higher rate of interest, as such laws now exist; provided, however, that if such laws shall hereafter allow higher rates of interest, then the applicable usury laws shall be the laws allowing the higher rates, to be effective as of the effective date of such laws. Mortgagor hereby waives its rights under Texas Finance Code Section 305.006(d) and will, in connection with any counterclaim alleging usurious interest, give Trustee and Mortgagee the notice required in Texas Finance Code Section 305.006(b) prior to filing such counterclaim and Trustee and Mortgagee shall have the right to correct any violation as provided by Texas Finance Code Section 305.103.

Applicable Usury Laws means such laws of the State of Texas or the laws of the United States, whichever laws allow the higher rate of interest, as such laws now exist; provided, however, that if such laws shall hereafter allow higher rates of interest, then the applicable usury laws shall be the laws allowing the higher rates, to be effective as of the effective date of such laws.

Applicable Usury Laws means the state or federal laws that are applicable to the right or claim of a lender to contract for, charge, collect, reserve, or receive interest pursuant to or in connection with the payment obligations of the City under this Loan Agreement, either pursuant to the choice of laws provision in this Loan Agreement or under the laws of any other jurisdiction whose usury laws are mandatorily applicable notwithstanding the choice of laws provision in this Loan Agreement, each as from time to time in effect and applicable to such obligations.

Applicable Usury Laws shall have the meaning set forth in Section 2.4(c) hereof.

Applicable Usury Laws has the meaning given in Section 2.2(b).

Applicable Usury Laws means laws regarding the use, forbearance or detention of any indebtedness arising under this Agreement whether such laws are now or hereafter in effect, including the laws of the United States of America or any other jurisdiction whose laws are applicable, and including any subsequent revisions to or judicial interpretations of those laws.