Common use of Excessive Charges Clause in Contracts

Excessive Charges. Interest may not accrue under this Note in excess of the maximum interest rate allowed by applicable law. If the Lender receives interest payments at an interest rate in excess of the maximum interest rate allowed by applicable law, then the excess amount will be treated as being received on account of, and will automatically reduce, the Principal Amount then-outstanding under this Note, and if such excess amount exceeds the Principal Amount then-outstanding under this Note, then the Lender will refund to the Borrower the amount by which such excess exceeds the Principal Amount then-outstanding under this Note.

Excessive Charges. Interest may not accrue under this Note Agreement in excess of the maximum interest rate allowed by applicable law. If the Lender receives interest payments at an interest rate in excess of the maximum interest rate allowed by applicable law, then the excess amount will be treated as being received on account of, and will automatically reduce, the Principal Amount then-principal amount then- outstanding under this Note, Agreement and if such excess amount exceeds the Principal Amount principal amount then-outstanding under this NoteAgreement, then the Lender will refund to the Borrower the amount by which such excess exceeds the Principal Amount principal amount then-outstanding under this NoteAgreement.

Excessive Charges. Interest may not accrue under this Note in excess of the maximum interest rate allowed by applicable law. If the Lender receives interest payments at an interest rate in excess of the maximum interest rate allowed by applicable law, then the excess amount will be treated as being received on account of, and will automatically reduce, the Principal Amount principal amount then-outstanding under this Note, and if such excess amount exceeds the Principal Amount principal amount then-outstanding under this Note, then the Lender will refund to the Borrower the amount by which such excess exceeds the Principal Amount principal amount then-outstanding under this Note.

Excessive Charges. Interest may not accrue under this Note in excess of the maximum interest rate allowed by applicable law. If the Lender Stockholder receives interest payments at an interest rate in excess of the maximum interest rate allowed by applicable law, then the excess amount will be treated as being received on account of, and will automatically reduce, the Principal Amount then-outstanding under this Note, and if such excess amount exceeds the Principal Amount then-outstanding under this Note, then the Lender Stockholder will refund to the Borrower Company the amount by which such excess exceeds the Principal Amount then-outstanding under this Note.