Lawful Interest definition

Lawful Interest means the interest rate determined by the Law on Penalty Interest Rates in Federation of Bosnia and Herzegovina.
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Examples of Lawful Interest in a sentence

  • Borrower agrees that for the purpose of determining Maximum Lawful Interest described in Section 1.9(a) above, any non-principal payment (including, without limitation, Late Fees and other fees) shall be deemed, to the extent permitted by law, to be an expense, fee or premium rather than interest.

  • If the Interest accrued and collected exceeds the Maximum Lawful Interest as of the time of collection, such excess shall be applied to reduce the principal amount outstanding, unless otherwise indicated by law.

  • Unless otherwise required by law, all fees and charges, accrued, assessed or collected shall be amortized and prorated over the full term of the Loan for purposes of determining the Maximum Lawful Interest.

  • Maximum Lawful Interest Rate............................................

  • Maximum Lawful Interest Rate........................................................................

  • Maximum Lawful Interest Rate...............................46 SECTION 2.14.

  • The Loan and the Note are limited to the maximum lawful amount of Interest (Maximum Lawful Interest) permitted under federal and state laws.

  • If the interest accrued and collected exceeds the Maximum Lawful Interest as of the time of collection, such excess shall be applied to reduce the principal amount outstanding, unless otherwise required by law.

  • The Loan and this Note are limited to the maximum lawful amount of interest (Maximum Lawful Interest) permitted under federal and state laws.

  • Maximum Lawful Interest Rate..........................41 SECTION 2.14.