Usury Limit definition

Usury Limit means the highest rate of interest, if any, that Law allows under the circumstances.
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Usury Limit means the highest rate of interest, if any, that Law allows under the
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Usury Limit means an annual rate of interest equal to the maximum rate (if any) permitted under applicable law at the time taking into account the nature and size of the Loan and the status of Borrower and Lender. If no such maximum rate exists at a particular time, then references to Usury Limit shall be disregarded.
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Examples of Usury Limit in a sentence

  • Any amount expended by the City to satisfy or remove any Prohibited Encumbrance that is not reimbursed to the City by the Developer within thirty (30) calendar days after written demand to the Developer for such reimbursement, shall accrue interest from the date such expense was incurred by the City at the lesser of: (i) the rate of ten percent (10%) per annum; or (ii) the Usury Limit, until paid in full.


More Definitions of Usury Limit

Usury Limit means the highest rate of interest, if any, that Law allows under thecircumstances.
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Usury Limit means the highest rate of interest, if any, that Law allows under the circumstances. "Waiver of Subrogation" means a provision in, or endorsement to, any property insurance policy, by which the carrier agrees to waive rights of recovery by way of subrogation against either party to this Lease for any loss such policy covers.
Sample 1
Usury Limit means an annual rate of interest equal to the maximum rate (if any) permitted under applicable law at the time taking into account the nature and size of the Loan and the status of Borrower and the Lenders. If no such maximum rate exists at a particular time, then references to Usury Limit shall be disregarded.
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Related to Usury Limit

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Maximum Lawful Rate has the meaning set forth in Section 2.7.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04.

  • Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • Highest Lawful Rate means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow.

  • Maximum Swingline Amount means $5,000,000.

  • Credit hour means 50 minutes of classroom instruction in

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).