Common use of Interest Adjustment Clause in Contracts

Interest Adjustment. All agreements between the Borrower (and each Guarantor and each other party obligated for payment on a Note) and the Bank are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration of maturity of the indebtedness evidenced by a Note or otherwise, shall the amount paid or agreed to be paid to the Bank for the use or the forbearance of the indebtedness evidenced hereby exceed the maximum permissible under applicable law. As used herein, the term "

Appears in 2 contracts

Samples: Loan Agreement (Integramed America Inc), Loan Agreement (Integramed America Inc)

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Interest Adjustment. All agreements between each Borrower, the Borrower (and each Guarantor and each other party obligated for payment on a Note) Administrative Agent and the Bank Banks are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration of maturity of the indebtedness evidenced by a Note hereby or otherwise, shall the amount paid or agreed to be paid to the any Bank for the use or the forbearance of the indebtedness evidenced hereby exceed the maximum permissible under applicable law. As used herein, the term "

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

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Interest Adjustment. All agreements between the Borrower (and each Guarantor and each other party obligated for payment on a Note) Borrower, the Administrative Agent and the Bank Banks are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration of maturity of the indebtedness evidenced by a Note hereby or otherwise, shall the amount paid or agreed to be paid to the any Bank for the use or the forbearance of the indebtedness evidenced hereby exceed the maximum permissible under applicable law. As used herein, the term "

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

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