Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, if received by the Lender, shall be refunded to the Borrower without interest.
Appears in 7 contracts
Samples: Commercial Loan Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 6 contracts
Samples: Credit Agreement (Youbet Com Inc), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co), Term Loan Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower Xxxxxxxx agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower Borrower, without interest.
Appears in 5 contracts
Samples: Term Note (Emerging Vision Inc), Replacement Term Note (Hardinge Inc), Demand Note (CurAegis Technologies, Inc.)
Maximum Legal Rate. It is the intent of the Lender Bank and the of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 5 contracts
Samples: Blue Ridge Real Estate Co, Loan Agreement (CVC Inc), Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”“). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 3 contracts
Samples: Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co)
Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall such interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, canceled and if received by the Lender, Lender shall be refunded to the Borrower Borrower, without interest.
Appears in 3 contracts
Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust), Mortgage Note (Acadia Realty Trust)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 3 contracts
Samples: Credit Agreement (Advancis Pharmaceutical Corp), Credit Agreement (Financial Institutions Inc), Grumbacher M Thomas
Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note Rate from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, if received by the Lender, shall be refunded to the Borrower without interest.
Appears in 1 contract
Samples: Loan Agreement
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower Borrower, without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Lender and the Borrower that in no event shall such interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelled, and, canceled and if received by the Lender, Lender shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Samples: Blue Ridge Real Estate Co
Maximum Legal Rate. It is the intent of the Lender Bank and the of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Samples: Revolving Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower Xxxxxxxx agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower Borrower, without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent Intent of the Lender Bank and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Lender Bank and the of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”'). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Samples: Ablest Inc
Maximum Legal Rate. It is the intent of the Lender Bank and the Borrower that in no event shall interest Interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically cancelledcanceled, and, if received by the LenderBank, shall be refunded to the Borrower without interestBorrower.
Appears in 1 contract
Samples: Manning & Napier, Inc.
