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 has the meaning set forth in Section 11.09 hereof.
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
It is the intention of the parties hereto that the Administrative Agent and each Bank shall conform strictly to Applicable Usury Laws from time to time in effect.
The terms of this Loan Agreement regarding the calculation, payment, collection and receipt of interest and fees do not violate any Applicable Usury Laws.
None of this Agreement or the other Related Documents provide for any payments that would violate any Applicable Usury Laws.
Agent, Lenders and Borrower intend to comply at all times with 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 the usury laws that are applicable to the payment obligations of the County under this Agreement and the County Note, either pursuant to the choice of laws provision in this Agreement or under the laws of any other jurisdiction whose
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.
Applicable Usury Laws means such law 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 THAT if such laws shall hereafter allow higher rates of interest. then the applicable usury laws shall be the laws allowing the higher rate to be effective as of the effective date of such laws. To the extent that TEX. REV. STAT. ANN. ART 5069-1.04, as amended (the "ACT"), is relevant to the Bank fxx the purposes of determining the Maximum Rate, the parties elect to determine the Maximum Rate under the Act pursuant to the "INDICATED RATE CEILING" from time to time in effect, as referred to and defined in ARTICLE 1.04(A)(1) of the Act; subject, however, to any Right the Bank may have subsequently under applicable law, to change the method of determining the Maximum Rate.
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).