Common use of Maximum Legal Rate of Interest Clause in Contracts

Maximum Legal Rate of Interest. All agreements between Maker ------------------------------ and Holder, whether now existing or hereafter arising, are hereby limited so that in no event shall the interest charged hereunder or agreed to be paid to Holder exceed the maximum amount permissible under applicable law. Holder shall be entitled to amortize, prorate and spread throughout the full term of this Note all interest paid or payable so that the interest paid does not exceed the maximum amount permitted by law. If Holder ever receives interest or anything deemed interest in excess of the maximum lawful amount, an amount equal to the excessive interest shall be applied to the reduction of the principal, and if it exceeds the unpaid balance of principal hereof, such excess shall be refunded to Maker. If interest otherwise payable to Holder would exceed the maximum lawful amount, the interest payable shall be reduced to the maximum amount permitted under applicable law. This paragraph shall control all agreements between Maker and Holder in connection with the indebtedness evidenced hereby.

Maximum Legal Rate of Interest. All agreements between Maker ------------------------------ and Holder, whether now existing or hereafter arising, are hereby limited so that in no event shall will the interest charged hereunder or agreed to be paid to Holder exceed the maximum amount permissible under applicable law. Holder shall will be entitled to amortize, prorate and spread throughout the full term of this Note all interest paid or payable so that the interest paid does not exceed the maximum amount permitted by law. If Holder ever receives interest or anything deemed interest in excess of the maximum lawful amount, an amount equal to the excessive interest shall will be applied to the reduction of the principal, and if it exceeds the unpaid balance of principal hereof, such excess shall will be refunded to Maker. If interest otherwise payable to Holder would exceed the maximum lawful amount, the interest payable shall will be reduced to the maximum amount permitted under applicable law. This paragraph shall will control all agreements between Maker and Holder in connection with the indebtedness evidenced hereby.

Maximum Legal Rate of Interest. All agreements between Maker ------------------------------ and Holder, whether now existing or hereafter arising, are hereby limited so that in no event shall the interest charged hereunder or agreed to be paid to Holder exceed the maximum amount permissible under applicable law. Holder shall be entitled to amortize, prorate and spread throughout the full term of this Note all interest paid or payable so that the interest paid does not exceed the maximum amount permitted by law. If Holder ever receives interest or anything deemed interest in excess of the maximum lawful amount, an amount equal to the excessive interest shall be applied to the reduction of the principal, and if it exceeds the unpaid balance of principal hereof, such excess shall be refunded to Maker. If interest otherwise payable to Holder would exceed the maximum lawful amount, the interest payable shall be reduced to the maximum amount permitted under applicable law. This paragraph shall control all agreements between Maker and Holder in connection with the indebtedness evidenced hereby.

Maximum Legal Rate of Interest. All agreements between Maker ------------------------------ and HolderHolders, whether now existing or hereafter arising, are hereby limited so that in no event shall the interest charged hereunder or agreed to be paid to Holder Holders exceed the maximum amount permissible under applicable law. Holder Holders shall be entitled to amortize, prorate and spread throughout the full term of this Note all interest paid or payable so that the interest paid does not exceed the maximum amount permitted by law. If Holder Holders ever receives receive interest or anything deemed interest in excess of the maximum lawful amount, an amount equal to the excessive interest shall be applied to the reduction of the outstanding principal, and if it exceeds the unpaid balance of the outstanding principal hereof, such excess shall be refunded to Maker. If interest otherwise payable to Holder Holders would exceed the maximum lawful amount, the interest payable shall be reduced to the maximum amount permitted under applicable law. This paragraph shall control all agreements between Maker and Holder Holders in connection with the indebtedness evidenced hereby.