Common use of Maximum Rate of Interest Clause in Contracts

Maximum Rate of Interest. Anything herein to the contrary notwithstanding, the obligations of Borrower hereunder or pursuant to any other Loan Document shall be subject to the limitation that payments of interest shall not be required, for any period for which interest is computed hereunder, to the extent (but only to the extent) that contracting for or receiving such payment would be contrary to the provisions of any Applicable Law limiting the highest rate of interest which may be lawfully contracted for, charged or received by Lender, and in such event Borrower shall pay Lender interest at the highest rate permitted by Applicable Law.

Maximum Rate of Interest. Anything herein to the contrary notwithstanding, the obligations of Borrower the Company hereunder or pursuant to any other Loan Document and under the Notes shall be subject to the limitation that payments of interest shall not be required, for any period for which interest is in computed hereunder, to the extent (but only to the extent) that contracting for or receiving such payment by the respective Bank would be contrary to the provisions of any Applicable Law law applicable to such Bank limiting the highest rate of interest which may be lawfully contracted for, charged or received by Lendersuch Bank, and in such event Borrower the Company shall pay Lender such Bank interest at the highest rate permitted by Applicable Lawapplicable law.