USURY SAVINGS definition

USURY SAVINGS. The usury savings provisions set forth in the Loan Agreement (including the provisions of subparts (iii) and (iv) of Section 2.13 of the Loan Agreement), are hereby incorporated into this Note by this reference. PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE NOTE. BORROWER: GMX RESOURCES INC. By: _____________________________________ Name: Ken L. Kenworthy, Sr. Titl▇: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇sident & CFO STATE OF OKLAHOMA ) ) ) SS: ) COUNTY OF OKLAHOMA ) BEFORE ME, the undersigned Notary Public duly commissioned qualified and sworn within and for the State and County written above, personally came and appeared Ken L. Kenworthy, Sr., to me personally known, and who being by me d▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇ ▇▇at he is the authorized Executive Vice President & CFO of GMX Resources Inc., whose name is subscribed to the foregoing Line of Credit Note and that he executed the foregoing Line of Credit Note by authority of said corporation's board of directors on behalf of said corporation. THUS DONE AND SIGNED before me and the two undersigned witnesses in the County and State aforesaid, on this ____ day of June, 2006. Witness my hand and official seal. WITNESSES: _____________________ ___________________________________ Name: Name: Ken L. Kenworthy, Sr. _____________________ Name: ___________________________________ NOTARY PUBLIC Seal My Commission expires:_____________ Commission number: ________________ EXHIBIT B --------- FORM OF ASSIGNMENT AND ACCEPTANCE Dated Effective ____________, 200 Reference is made to the Amended and Restated Loan Agreement dated effective as of June 7, 2006, as the same may be amended, modified or supplemented from time to time (as so amended, modified or supplemented from time to time, the "Agreement"), among GMX Resources Inc., as Borrower, Capital One, National Association, as Agent, and the banks party thereto (the "Banks"). Capitalized terms which are used herein without definition and which are defined in the Agreement shall have the same meanings herein as in the Agreement. __________________(the "Assignor") and ___________________(the "Assignee") agree as follows:
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USURY SAVINGS. This Debenture is subject to the express condition and it is the expressed intent of the parties, that at no time shall the Company be obligated or required to pay
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Examples of USURY SAVINGS in a sentence

  • USURY SAVINGS CLAUSE..........................................................................

  • USURY SAVINGS CLAUSE...........................................................................

  • USURY SAVINGS CLAUSE.........................................................................-51- 14-14.

  • USURY SAVINGS CLAUSE .......................................................

  • USURY SAVINGS CLAUSE...............................................

  • USURY SAVINGS.......................................................

  • USURY SAVINGS CLAUSE...................................................................................

  • OWNERSHIP FOR TAX PURPOSES; GRANT OF SECURITY INTEREST; USURY SAVINGS.

  • USURY SAVINGS CLAUSE..................................................96 10.20.

  • USURY SAVINGS CLAUSE..........................................................................120 10.19.

Related to USURY SAVINGS

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency's overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Prior Plan s Available Reserve” means the number of shares available for the grant of new awards under the Prior Plan as of immediately prior to the Effective Date.