Common use of Interest Laws Clause in Contracts

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or the other Loan Documents, the Borrower shall not be required to pay, and the Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Agreement or in any of the other Loan Documents, then in such event: (1) the provisions of this subsection shall govern and control; (2) the Borrower shall not be obligated to pay any Excess Interest; (3) any Excess Interest that the Lender may have received hereunder shall be, at the Lender's option, (a) applied as a credit against the outstanding principal balance of the Obligations or accrued and unpaid interest (not to exceed the maximum amount permitted by law), (b) refunded to the payor thereof, or (c) any

Interest Laws. Notwithstanding any provision to the contrary contained in this Loan Agreement or the other Loan Documents, the Borrower Borrowers shall not be required to pay, and the Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by law ("“Excess Interest"”). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Loan Agreement or in any of the other Loan Documents, then in such event: (1) the provisions of this subsection shall govern and control; (2) the Borrower Borrowers shall not be obligated to pay any Excess Interest; (3) any Excess Interest that the Lender may have received hereunder shall be, at the Lender's ’s option, (a) applied as a credit against either or both of the outstanding principal balance of the Obligations Loan or accrued and unpaid interest thereunder (not to exceed the maximum amount permitted by law), (b) refunded to the payor thereof, or (c) anyany combination of the foregoing;

Interest Laws. Notwithstanding any provision to the contrary contained in this Loan Agreement or the other Loan Documentsany Other Agreement, the Borrower shall not be required to pay, and the Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("“Excess Interest"”). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Loan Agreement or in any of the other Loan DocumentsOther Agreement, then in such event: (1) the provisions of this subsection shall govern and control; (2) the Borrower shall not be obligated to pay any Excess Interest; (3) any Excess Interest that the Lender may have received hereunder or under any Other Agreement shall be, at the such Lender's ’s option, (a) applied as a credit against the outstanding principal balance of the Obligations Borrower’s Liabilities or accrued and unpaid interest (not to exceed the maximum amount permitted by law), (b) refunded to the payor thereof, or (c) anythe

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or the other Loan DocumentsOther Agreements, the Borrower shall not be required to pay, and the Lender Bank shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Agreement or in any of the other Loan DocumentsOther Agreements, then in such event: (1a) the provisions of this subsection Paragraph shall govern and control; (2b) the Borrower shall not be obligated to pay any Excess Interest; (3c) any Excess Interest that the Lender Bank may have received hereunder shall be, at the LenderBank's option, (ai) applied as a credit against the outstanding principal balance of the Obligations Borrower's Liabilities or accrued and unpaid interest (not to exceed the maximum amount permitted by law), (bii) refunded to the payor thereof, or (ciii) any

Interest Laws. Notwithstanding any provision to the contrary contained in this Agreement or the other Loan DocumentsOther Agreements, the Borrower shall not be required to pay, and the Lender Bank shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Agreement or in any of the other Loan DocumentsOther Agreements, then in such event: (1a) the provisions of this subsection Paragraph shall govern and control; (2b) the Borrower shall not be obligated to pay any Excess Interest; (3c) any Excess Interest that the Lender Bank may have received hereunder shall be, at the LenderBank's option, (ai) applied as a credit against the outstanding principal balance of the Obligations or accrued and unpaid interest (not to exceed the maximum amount permitted by law), (b) refunded to the payor thereof, or (c) anyoutstanding

Interest Laws. Notwithstanding any provision to the contrary contained in this Loan Agreement or the other Loan Documentsany Other Agreement, the Borrower shall not be required to pay, and the Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("Excess Interest"). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Loan Agreement or in any of the other Loan DocumentsOther Agreement, then in such event: (1) the provisions of this subsection shall govern and control; (2) the Borrower shall not be obligated to pay any Excess Interest; (3) any Excess Interest that the Lender may have received hereunder or under any Other Agreement shall be, at the such Lender's option, (a) applied as a credit against the outstanding principal balance of the Obligations Borrower's Liabilities or accrued and unpaid interest (not to exceed the maximum amount permitted by law), (b) refunded to the payor thereof, or (c) any,