Common use of Interest Adjustments Clause in Contracts

Interest Adjustments. (a) If the provisions of this Agreement, the Note, the L/C Documents, the B/A Documents or the Import L/C Documents would at any time otherwise require payment by the Borrower to the Bank of any amount of interest in excess of the maximum amount then permitted by applicable law the interest payments shall be reduced to the extent necessary so that the Bank shall not receive interest in excess of such maximum amount. To the extent that, pursuant to the foregoing sentence, the Bank shall receive interest payments hereunder, under the Notes, under the L/C Documents, the B/A Documents or under the Import L/C Documents in an amount less than the amount otherwise provided, such deficit (hereinafter called the "Interest Deficit") will accumulate and will be carried forward (without interest) until the termination of this Agreement. Interest otherwise payable by the Borrower to the Bank hereunder, under the Note or under the L/C Documents, the B/A Documents and the Import L/C Documents for any subsequent period shall be increased by such maximum amount of the Interest Deficit that may be so added without causing the Bank to receive interest in excess of the maximum amount then permitted by applicable law.

Interest Adjustments. (a) If the provisions of this Agreement, the Note, the L/C Documents, the B/A Documents Notes or the Import L/C Documents would at any time otherwise require payment by the Borrower to any Bank or the Issuing Bank of any amount of interest in excess of the maximum amount then permitted by applicable law the interest payments shall be reduced to the extent necessary so that such Bank or the Issuing Bank shall not receive interest in excess of such maximum amount. To the extent that, pursuant to the foregoing sentence, the Bank Agent shall receive interest payments on behalf of the Banks or the Issuing Bank hereunder, under the Notes, under the L/C Documents, the B/A Documents Notes or under the Import L/C Documents in an amount less than the amount otherwise provided, such deficit (hereinafter called the "Interest Deficit") will accumulate cumulate and will be carried forward (without interest) until the termination of this Agreement. Interest otherwise payable by to any Bank or the Borrower to the Issuing Bank hereunder, under the Note Notes or under the L/C Documents, the B/A Documents and the Import L/C Documents for any subsequent period shall be increased by such maximum amount of the Interest Deficit that may be so added without causing such Bank or the Issuing Bank to receive interest in excess of the maximum amount then permitted by applicable law.

Interest Adjustments. (a) If the provisions of this Agreement, the Note, the L/C Documents, the B/A Documents Notes or the Import L/C Documents would at any time otherwise require payment by the Borrower to any Bank or the Issuing Bank of any amount of interest in excess of the maximum amount then permitted by applicable law the interest payments shall be reduced to the extent necessary so that such Bank or the Issuing Bank shall not receive interest in excess of such maximum amount. To the extent that, pursuant to the foregoing sentence, the Bank Agent shall receive interest payments on behalf of the Banks or the Issuing Bank hereunder, under the Notes, under the L/C Documents, the B/A Documents Notes or under the Import L/C Documents in an amount less than the amount otherwise provided, such deficit (hereinafter called the "Interest Deficit") will accumulate and will be carried forward (without interest) until the termination of this Agreement. Interest otherwise payable by the Borrower to any Bank or the Issuing Bank hereunder, under the Note Notes or under the L/C Documents, the B/A Documents and the Import L/C Documents for any subsequent period shall be increased by such maximum amount of the Interest Deficit that may be so added without causing such Bank or the Issuing Bank to receive interest in excess of the maximum amount then permitted by applicable law.

Interest Adjustments. (a) If the provisions of this Agreement, the Note, the L/C Documents, the B/A Documents Notes or the Import L/C Documents would at any time otherwise require payment by the a Borrower to any Bank or the Issuing Bank of any amount of interest in excess of the maximum amount then permitted by applicable law the interest payments shall be reduced to the extent necessary so that such Bank or the Issuing Bank shall not receive interest in excess of such maximum amount. To the extent that, pursuant to the foregoing sentence, the Bank Agent shall receive interest payments on behalf of the Banks or the Issuing Bank hereunder, under the Notes, under the L/C Documents, the B/A Documents Notes or under the Import L/C Documents in an amount less than the amount otherwise provided, such deficit (hereinafter called the "Interest Deficit") will accumulate cumulate and will be carried forward (without interest) until the termination of this Agreement. Interest otherwise payable by the an affected Borrower to any Bank or the Issuing Bank hereunder, under the Note Notes or under the L/C Documents, the B/A Documents and the Import L/C Documents for any subsequent period shall be increased by such maximum amount of the Interest Deficit that may be so added without causing such Bank or the Issuing Bank to receive interest in excess of the maximum amount then permitted by applicable law.

Interest Adjustments. (a) If the provisions of this Agreement, the Note, the L/C Documents, the B/A Documents Notes or the Import L/C Documents would at any time otherwise require payment by the Borrower to any Bank or the Issuing Bank of any amount of interest in excess of the maximum amount then permitted by applicable law the interest payments shall be reduced to the extent necessary so that such Bank or the Issuing Bank shall not receive interest in excess of such maximum amount. To the extent that, pursuant to the foregoing sentence, the Bank Agent shall receive interest payments on behalf of the Banks or the Issuing Bank hereunder, under the Notes, under the L/C Documents, the B/A Documents Notes or under the Import L/C Documents in an amount less than the amount otherwise provided, such deficit (hereinafter called the "Interest Deficit") will accumulate cumulate and will be carried forward (without interest) until the termination of this Agreement. Interest otherwise payable by the Borrower to any Bank or the Issuing Bank hereunder, under the Note Notes or under the L/C Documents, the B/A Documents and the Import L/C Documents for any subsequent period shall be increased by such maximum amount of the Interest Deficit that may be so added without causing such Bank or the Issuing Bank to receive interest in excess of the maximum amount then permitted by applicable law.