Common use of Compliance With Applicable Usury Law Clause in Contracts

Compliance With Applicable Usury Law. It is the intent of the parties hereto to comply with the Applicable Usury Law. 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.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bluegreen Corp), Loan and Security Agreement (Sunterra Corp), Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

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Compliance With Applicable Usury Law. It is the intent of the parties hereto to comply with the Applicable Usury Law. Accordingly, notwithstanding any provisions to the contrary in the Receivables Loan Documents, in no event shall the Receivables Loan Documents require the payment or permit the collection of interest in excess of the maximum contract rate permitted by the Applicable Usury Law.

Appears in 2 contracts

Samples: Loan Agreement (Raintree Resorts International Inc), Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

Compliance With Applicable Usury Law. It is the intent of the parties hereto to comply with the Applicable Usury Law. 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.. 

Appears in 2 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (Bluegreen Vacations Holding Corp)

Compliance With Applicable Usury Law. It is the intent of the parties hereto to comply with the Applicable Usury Law. Accordingly, notwithstanding any provisions to the contrary in the Acquisition Loan Documents, in no event shall the Acquisition Loan Documents require the payment or permit the collection of interest in excess of the maximum contract rate permitted by the Applicable Usury Law.. 

Appears in 2 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (BBX Capital Corp)

Compliance With Applicable Usury Law. It is the intent of the parties ------------------------------------ hereto to comply with the Applicable Usury Law. Accordingly, notwithstanding any provisions to the contrary in the Loan Documents, in no event shall this Agreement or 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.

Appears in 1 contract

Samples: Loan Agreement (Vistana Inc)

Compliance With Applicable Usury Law. It is the intent of the parties hereto to comply with the Applicable Usury Law. 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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Compliance With Applicable Usury Law. It is the intent of the parties hereto to comply with the Applicable Usury Law. Accordingly, notwithstanding any provisions to the contrary in the Loan Documents, in no event shall this Agreement or 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.

Appears in 1 contract

Samples: Development and Receivables Loan and Security Agreement (Signature Resorts Inc)

Compliance With Applicable Usury Law. It is the intent of the parties ------------------------------------ hereto to comply with the Applicable Usury Law. Accordingly, notwithstanding any provisions to the contrary in the Loan Documentsthis Agreement, in no event shall the Loan Documents this Agreement require the payment or permit the collection of interest in excess of the maximum contract rate permitted by the Applicable Usury Law.

Appears in 1 contract

Samples: Loan Agreement (Vistana Inc)

Compliance With Applicable Usury Law. It is the intent of the ------------------------------------ parties hereto to comply with the Applicable Usury Law. 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.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Sunterra Corp)

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