Common use of Maximum Charges Clause in Contracts

Maximum Charges. In no event shall the interest rate and other charges hereunder exceed the highest rate permissible under law which a court of competent jurisdiction shall, in a final determination, deem applicable thereto. In the event such a court determines that Lender has received interest and other charges hereunder in excess of the highest rate applicable thereto, Lender shall promptly refund such excess amount to Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Maximum Charges. In no event whatsoever shall the interest rate and other charges hereunder exceed the highest rate permissible under law which a court of competent jurisdiction shall, in a final determination, deem applicable theretohereto. In the event such a court determines that Lender the Bank has received interest and or other charges hereunder in excess of the highest rate applicable thereto, Lender the Bank shall promptly refund such excess amount to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.

Maximum Charges. In no event whatsoever shall the interest rate and other charges hereunder exceed the highest rate permissible permission under law which a court of competent jurisdiction shall, in a final determination, deem applicable theretohereto. In the event such a the court determines that Lender the Bank has received interest and or other charges hereunder in excess of the highest rate applicable theretohereto, Lender the Bank shall promptly refund such excess amount to the Borrower, and the provisions hereof shall be deemed amended to provide for such permissible rate.