Interest cap. Notwithstanding any other provision of this Deed, the Crown may (in is sole and unfettered discretion) decline to accept liability for any amount of Interest on or in respect of any Indebtedness to the extent that that Interest accrues after the date by which the Crown reasonably considers adequate time has elapsed following the date on which that Indebtedness became due and payable in order for the relevant Creditor to submit a Notice of Claim in respect of, and for the Crown to thereafter satisfy itself as to the extent (if any) of its liability under the Crown Guarantee respect of, the relevant Indebtedness (taking into account the date on which the Crown sent a form of Notice of Claim to the relevant Creditor or waived the requirement for it to receive a Notice of Claim), and to the extent that the Crown does so decline to accept liability for any such amount of interest it shall not be liable under the Crown Guarantee for that amount of interest. For the purposes of this clause 2.9, “
Interest cap. For the avoidance of doubt, notwithstanding any other provision hereof, if at any time the interest rate stated to be payable under this Agreement would cause a breach of Italian usury law, then the rate of interest payable under this Agreement shall be capped at the maximum amount permitted to be payable under Italian usury law.
Interest cap. From and after the date hereof, the Borrowers shall at all times own and maintain in full force and effect the Interest Cap as required by this Agreement. The Borrowers shall upon the request of the Agent provide to the Agent evidence that the Interest Cap is in effect.
Interest cap. The Agent shall have received evidence satisfactory to Agent that the Borrowers have acquired the Interest Cap.
Interest cap. See Section 10.7.
Interest cap. See Section 9.9.
Interest cap. The Company shall have acquired an Interest Cap satisfying the requirements of Section 9.9, provided that the term of such Interest Cap shall not be required to be greater than two (2) years from the date on which the Maturity Date is to be extended and the amount of the Interest Cap shall only be for the principal amount of the Note then outstanding. The Company shall upon the request of the Purchaser provide to the Purchaser evidence that the Interest Cap is in effect.
Interest cap. From and after the Funding Date, the Company shall at all times own and maintain in full force and effect the Interest Cap as required by this
Interest cap. Notwithstanding anything contained in Clause 9.1 (Calculation of interest) or Clause 11 (
Interest cap. The maximum rate of interest under the Notes shall be 12%.
