Maximum Lawful Rate of Interest. The rate of interest payable on ------------------------------- any Loan shall in no event exceed the maximum rate permissible under Applicable Law. If the rate of interest payable on any Loan is ever reduced as a result of this subsection and at any time thereafter the maximum rate permitted by Applicable Law shall exceed the rate of interest provided for in this Agreement, then the rate provided for in this Agreement shall be increased to the maximum rate provided by Applicable Law for such period as is required so that the total amount of interest received by each Lender is that which would have been received by such Lender but for the operation of the first sentence of this subsection.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (Cb Commercial Real Estate Services Group Inc), Secured Credit Agreement (Cb Commercial Holdings Inc)
Maximum Lawful Rate of Interest. The rate of interest payable on ------------------------------- any Loan or other amount shall in no event exceed the maximum rate permissible under Applicable Law. If the rate of interest payable on any Loan or other amount is ever reduced as a result of this subsection Section and at any time thereafter the maximum rate permitted by Applicable Law shall exceed the rate of interest provided for in this Agreement, then the rate provided for in this Agreement shall be increased to the maximum rate provided by Applicable Law for such period as is required so that the total amount of interest received by each the Lender is that which would have been received by such the Lender but for the operation of the first sentence of this subsection.Section. Amended and Restated Credit Agreement
Appears in 2 contracts
Samples: Credit Agreement (Ipsco Tubulars Inc), Credit Agreement (Ipsco Tubulars Inc)
