Common use of Limitation on Interest Clause in Contracts

Limitation on Interest. Notwithstanding anything in this Note to the contrary, the Purchaser shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violation of applicable federal or state law.

Appears in 11 contracts

Samples: Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Greenpoint Mortgage Securities Inc/)

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Limitation on Interest. Notwithstanding anything in this Note to the contrary, the Purchaser Buyer shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder hereunder, at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violation of violating applicable federal or state law.

Appears in 10 contracts

Samples: Purchase and Sale Agreement (OUTFRONT Media Inc.), Purchase and Sale Agreement (Hill-Rom Holdings, Inc.), TRS Purchase and Sale Agreement (OUTFRONT Media Inc.)

Limitation on Interest. Notwithstanding anything in this Note to the contrary, the Initial Purchaser shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder hereunder, at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violation of violating applicable federal or state law.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Maxtor Corp), Purchase and Sale Agreement (Conmed Corp), Purchase and Sale Agreement (Owens & Minor Inc/Va/)

Limitation on Interest. Notwithstanding anything in this Note ---------------------- to the contrary, the Purchaser shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violation of applicable federal or state law.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Headlands Mortgage Securities Inc)

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Limitation on Interest. Notwithstanding anything in this Note to the contrary, the Purchaser Buyer shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder hereunder, at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violation of violating applicable federal or state law.

Appears in 1 contract

Samples: Receivables Sale Agreement (General Cable Corp /De/)

Limitation on Interest. Notwithstanding anything in this ---------------------- Note to the contrary, the Purchaser shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder hereunder, at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violation of violating applicable federal or state law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mail Well Inc)

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