Usury Law means Italian Law No. 108 of March 7, 1996, as subsequently amended and supplemented.
Usury Law means Law number 108 of 7 March 1996, as subsequently amended and supplemented, and Law number 24 of 28 February 2001, which converted into law the Law Decree number 394 of 29 December 2000.
Usury Law means the Italian Law number 108 of 7 March 1996 together with Decree number 394 of 29 December 2000 which has been converted in law by Law number 24 of 28 February 2001, as subsequently amended and supplemented.
Examples of Usury Law in a sentence
It is the intent of the parties hereto to comply with the Applicable Usury Law.
It is the intent of the parties to comply with the usury law ("Applicable Usury Law") applicable pursuant to the terms of the preceding paragraph or such other usury law which is applicable if the law chosen by the parties is not applicable.
Accordingly, notwithstanding any provisions to the contrary in the Loan Documents, in no event shall the Loan Documents require the payment or permit the collection of interest in excess of the maximum contract rate permitted by the Applicable Usury Law.
Accordingly, it is agreed that notwithstanding any provisions to the contrary in the Loan Documents, or in any of the documents securing payment hereof or otherwise relating hereto, in no event shall the Loan Documents or such documents require the payment or permit the collection of interest in excess of the maximum contract rate permitted by the Applicable Usury Law.
In addition, if, from any circumstance whatever, Holder should ever receive as interest an amount which would exceed the highest lawful rate under the Applicable Usury Law, then the amount which would be excessive interest shall be applied as an optional reduction of principal (or, at Holder's option, be paid over to Borrower), and will not be counted as interest.
More Definitions of Usury Law
Usury Law means Law number 108 of 7 March 1996, together with Decree number 349 of 29 December 2000 as converted into Law number 24 of 28 February 2001.
Usury Law means Italian Law No. 108 of 7 March 1996 ("Disposizioni in materia di usura"), as amended and supplemented from time to time.
Usury Law means Italian Law No. 108 of 7 March 1996 (Disposizioni in materia diusura), as subsequently amended and supplemented.
Usury Law means Italian Law No. 108 of March 7, 1996, as subsequently amended and supplemented.References to laws and regulations shall include amendments and supplements thereto.2. NOTES2.1 Denomination and price2.1.1 The Notes issued on the Issue Date and on each Settlement Date will be issued in a minimum denomination of Euro 50,000 (fifty thousand/00) and additional increments of Euro 50,000 (fifty thousand/00) thereafter (the “Minimum Denomination”).2.1.2 The Minimum Denomination of any Note issued on the Issue Date will be issued for a price equal to 100.00% (one hundred per cent.), i.e. for a price equal to Euro 50,000 (fifty thousand/00) for each Note. 2.1.3 The Minimum Denomination of any Note issued on each Settlement Date will be issued for a price equal to 100.00% (one hundred per cent.), i.e. for a price equal to Euro 50,000 (fifty thousand/00) for each Note, plus a portion of the Interest Amount equal to the interest accrued on any such Note from (i) the Issued Date or the Interest Payment Date (included) immediately preceding the relevant Settlement Date, as the case may be, and (ii) the Settlement Date (excluded) (each a “Notes Increase Payment”). 2.2 Issuance of Notes as at the Issue DateOn the Issue Date, Notes will be issued in an aggregate Minimum Denomination equal to Euro 7,250,000 (seven million, two hundred and fifty thousand/00). 2.3 Issuance of Notes as at any Settlement Date2.3.1 During the Availability Period, on the relevant Settlement Date, the Issuer may issue further Notes up to the Nominal Amount. 2.3.2 Should the Issuer determine to issue further Notes, it will, also through the Calculation Agent, make a request to the Noteholders (each a “Further Instalment Request”) to pay the relevant Notes Increase Payment on or prior to the relevant Settlement Date. 2.3.3 Each Further Instalment Request shall be sent 15 (fifteen) Business Days prior to the relevant Settlement Date to the Noteholders by PEC, or any equivalent legal instrument, to (a) the contact details provided by the Noteholders and (b) in accordance with Condition 15. 2.3.4 Each Further Instalment Request shall include the following:
Usury Law means Italian Law No. 108 of March 7, 1996, as subsequently amended and supplemented.References to laws and regulations shall include amendments and supplements thereto.2. NOTES2.1 Denomination and price2.1.1 The Notes will be issued on the Issue Date in an aggregate Minimum Denomination equal to the Nominal Amount. 2.1.2 The Notes will be issued in a minimum denomination of Euro 50,000 (fifty thousand/00) and additional increments of Euro 50,000 (fifty thousand/00) thereafter (the “Minimum Denomination”). 2.1.3 The Minimum Denomination of any Note issued on the Issue Date will be issued for a price equal to 100.00% (one hundred per cent.), i.e. for a price equal to Euro 50,000 (fifty thousand/00) for each Note. 2.2 Form and TitleThe Notes are issued in dematerialised form and will be wholly and exclusively deposited with Monte Titoli. The Notes will at all times be evidenced by book-entries in accordance with the provisions of articles 83-bis et seq. of the Italian Consolidated Financial Act and regulation jointly issued by CONSOB and Bank of Italy (Disciplina delle controparti centrali, dei depositary centrali e dell’attività di gestione accentrata) on August 13, 2018, both as amended and supplemented from time to time.Any transaction regarding the Notes (including transfers of the Security Package), as well as the exercise of proprietary rights, may only be made in accordance with the provisions of articles 83-bis et seq. of the Italian Consolidated Financial Act and regulation jointly issued by CONSOB and Bank of Italy (Disciplina delle controparti centrali, dei depositary centrali e dell’attività di gestione accentrata) on August 13, 2018 (as amended and supplemented). The Noteholders will not be able to request delivery of the documents representative of the Notes, save for the right to request the certification referred to in articles 83-quinquies and 83- sexies of the Italian Consolidated Financial Act.2.3 Status and guaranteesThe Notes are senior secured obligations solely of the Issuer. In respect of the obligation of the Issuer to repay principal and pay interest on the Notes, the Notes will rank as senior secured obligations and pari passu and without any preference or priority among themselves except for the obligations of the Issuer, which are preferred according to the general provisions required by law.The Notes are fully, unconditionally and irrevocably secured by the Security Package that will circulate together with the Notes.The Notes h...
Usury Law means Italian Law No. 108 of 7March 1996, as subsequently amended and supplemented.
Usury Law means Law No. 108 of 7 March 1996 (Disposizioni in materia di usura) and related implementation regulations, as subsequently replaced, amended and/or integrated. VAT means Imposta sul Valore Aggiunto (value added tax).