Common use of Maximum Lawful Rate Clause in Contracts

Maximum Lawful Rate. This Agreement and the Notes are hereby limited by this Section 3.09. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the Holder, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 5 contracts

Sources: Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Loan Documents are hereby limited by this Section 3.093.6. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the Aggregate Commitment or principal amount of the Notes, as the case may be, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the Aggregate Commitment or principal amount of the Notes, as the case may be, such excess shall be refunded to the Company.

Appears in 3 contracts

Sources: Convertible Note Purchase Agreement (CNH Holdings Co), Convertible Note Purchase Agreement (Cistera Networks, Inc.), Convertible Note Purchase Agreement (CNH Holdings Co)

Maximum Lawful Rate. This Agreement and the Notes Note are hereby limited by this Section 3.092.07. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Lender exceed the maximum amount permissible under such applicable lawLaw. If, from any circumstance whatsoever, interest and fees otherwise would otherwise be payable to the Holder Lender in excess of the maximum amount permissible under such applicable lawLaw, the interest and fees shall be reduced to the maximum amount permitted under applicable lawLaw. If If, from any circumstancecircumstance whatsoever, the Holder Lender shall have received anything of value deemed interest by applicable law Law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the NotesNote, in such manner as may be determined by the HolderLender, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the NotesNote, such excess shall be refunded to the CompanyBorrower.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Appgate, Inc.), Revolving Credit Agreement and Pledge and Security Agreement (Appgate, Inc.), Revolving Credit Agreement (Appgate, Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.7. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Noteholders exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Noteholders in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Noteholders shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any such excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderNoteholders, and not to the payment of fees or interest, or if such excessive excess interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 2 contracts

Sources: Note Purchase Agreement (Darling International Inc), Note Purchase Agreement (Darling International Inc)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Note Documents are hereby limited by this Section 3.093.07. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Noteholders exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Agent or Noteholders in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Agent or Noteholders shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderNoteholders, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 2 contracts

Sources: Subordinated Note Agreement, Subordinated Note Agreement (Seracare Life Sciences Inc)

Maximum Lawful Rate. This Agreement Agreement, the Notes, the Warrants and the Notes other Purchase Documents are hereby limited by this Section 3.093.7. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Agent or Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 2 contracts

Sources: Subordinated Convertible Note and Warrant Purchase Agreement (A4s Technologies Inc), Subordinated Convertible Note and Warrant Purchase Agreement (A4s Technologies Inc)

Maximum Lawful Rate. This Agreement Agreement, the Note and the Notes other Transaction Documents are hereby limited by this Section 3.093.7. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchaser exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchaser in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Purchaser shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the NotesNote, in such manner as may be determined by the HolderPurchaser, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the NotesNote, such excess shall be refunded to the CompanyBorrower; provided, however, that in such event the Conversion Price (as defined in the Note) of the Note shall be adjusted to preserve the economic effects of the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Convertible Note and Warrant Purchase Agreement (Environmental Tectonics Corp), Convertible Note and Warrant Purchase Agreement (Lenfest H F)

Maximum Lawful Rate. This Agreement and the Notes are hereby limited by this Section 3.093.08. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the Holder, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyHoldings.

Appears in 2 contracts

Sources: Securities Purchase and Contribution Agreement (Paycom Software, Inc.), Securities Purchase and Contribution Agreement (Paycom Software, Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Loan Documents are hereby limited by this Section 3.094.6. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the Aggregate Commitment or principal amount of the Notes, as the case may be, in such manner as may be determined by the Holder, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the Aggregate Commitment or principal amount of the Notes, as the case may be, such excess shall be refunded to the Company.

Appears in 2 contracts

Sources: Letter of Credit Security Commitment Agreement (Internet America Inc), Letter of Credit Security Commitment Agreement (Hunt William O)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.10. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Agent or Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Agent or Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive excess interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyLoan Parties.

Appears in 1 contract

Sources: Note and Equity Purchase Agreement (Mirion Technologies, Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.7. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyIssuers.

Appears in 1 contract

Sources: Note Purchase Agreement (Sherborne Investors GP, LLC)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.6. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Lender or Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Lender or Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanySFNL.

Appears in 1 contract

Sources: Credit and Loan Agreement (Secured Financial Network, Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Loans and the Notes other Loan Documents are hereby limited by this Section 3.092.4. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Lender exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Lender in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Lender shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, Loans in such manner as may be determined by the HolderLender, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the NotesLoans, such excess shall be refunded to the CompanyBoundless.

Appears in 1 contract

Sources: Credit Agreement (Boundless Motor Sports Racing Inc)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents (other than the Warrant) are hereby limited by this Section 3.093.8. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers under the Notes and other Purchase Documents (other than the Warrant) exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder any Purchaser shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderAgent, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyLoan Parties.

Appears in 1 contract

Sources: Note and Equity Purchase Agreement (Encore Medical Corp)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.7. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchaser exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchaser in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Purchaser shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchaser, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 1 contract

Sources: Note and Equity Purchase Agreement (O2wireless Solutions Inc)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.8. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchaser exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchaser in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Purchaser shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchaser, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyLoan Parties.

Appears in 1 contract

Sources: Note and Equity Purchase Agreement (Igi Inc)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes Other Purchase Documents are hereby limited by this Section 3.093.3. In no eventcontingency, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchaser exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchaser in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Purchaser shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchaser, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 1 contract

Sources: Subordinated Note and Equity Purchase Agreement (Aasche Transportation Services Inc)

Maximum Lawful Rate. This Agreement and the Notes The Purchase Documents are hereby limited by this Section 3.093.8. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable lawLaw. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchasers in excess of the maximum amount permissible under such applicable lawLaw, the interest and fees shall be reduced to the maximum amount permitted under such applicable lawLaw. If from any circumstancecircumstance whatsoever, the Holder Purchasers shall have received anything of value deemed interest by applicable law Law in excess of the maximum lawful amountamount permitted under applicable Law, an amount equal to any such excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest excess exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyBorrower.

Appears in 1 contract

Sources: Senior Subordinated Note Purchase Agreement (Rand Logistics, Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.8. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Agent or Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Agent or Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Ace Cash Express Inc/Tx)

Maximum Lawful Rate. This Agreement and the Notes are hereby limited by this Section 3.093.08. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the Holder, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the CompanyParent.

Appears in 1 contract

Sources: Securities Purchase Agreement (TransFirst Inc.)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Purchase Documents are hereby limited by this Section 3.093.7. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Agent or Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 1 contract

Sources: Subordinated Convertible Note Purchase Agreement (A4s Technologies Inc)

Maximum Lawful Rate. This Agreement and the Notes Note are hereby limited by this Section 3.092.06. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Lender exceed the maximum amount permissible under such applicable lawLaw. If, from any circumstance whatsoever, interest and fees otherwise would otherwise be payable to the Holder Lender in excess of the maximum amount permissible under such applicable lawLaw, the interest and fees shall be reduced to the maximum amount permitted under applicable lawLaw. If If, from any circumstancecircumstance whatsoever, the Holder Lender shall have received anything of value deemed interest by applicable law Law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the NotesNote, in such manner as may be determined by the HolderLender, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the NotesNote, such excess shall be refunded to the CompanyBorrower.

Appears in 1 contract

Sources: Term Loan Credit and Security Agreement (Las Vegas Sands Corp)

Maximum Lawful Rate. This Agreement Agreement, the Notes and the Notes other Transaction Documents are hereby limited by this Section 3.093.11. In no event, whether by reason of acceleration of the maturity of the amounts due hereunder or otherwise, shall interest and fees contracted for, charged, received, paid or agreed to be paid to the Holder Purchasers exceed the maximum amount permissible under such applicable law. If, from any circumstance whatsoever, interest and fees would otherwise be payable to the Holder Agent or Purchasers in excess of the maximum amount permissible under such applicable law, the interest and fees shall be reduced to the maximum amount permitted under applicable law. If from any circumstance, the Holder Agent or Purchasers shall have received anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excess of interest shall be applied to the reduction of the principal amount of the Notes, in such manner as may be determined by the HolderPurchasers, and not to the payment of fees or interest, or if such excessive interest exceeds the unpaid balance of the principal amount of the Notes, such excess shall be refunded to the Company.

Appears in 1 contract

Sources: Note and Equity Purchase Agreement (Mirion Technologies, Inc.)