Common use of Rate Provision Clause in Contracts

Rate Provision. It is not the intention of any party to any Loan Document to make an agreement violative of the Laws of any applicable jurisdiction relating to usury. In no event shall Borrowers be obligated to pay any amount in excess of the maximum amount of interest permitted under applicable Law. If from any circumstance any Lender ever shall receive anything of value deemed excess interest under applicable Law, an amount equal to such excess shall be applied to the reduction of the principal amount of outstanding Advances and any remainder shall be refunded to the payor.

Rate Provision. It is not the intention of any party to any Loan Document Papers to make an agreement violative of the Laws of any applicable jurisdiction relating to usury. In no event shall Borrowers be obligated to pay any amount in excess of the maximum amount of interest permitted under applicable Law. If from any circumstance any Lender ever shall receive anything of value deemed excess interest under applicable Law, an amount equal to such excess shall be applied to the reduction of the principal amount of outstanding Advances and any remainder shall be refunded to the payor.circumstance

Rate Provision. It is not the intention of any party to any Loan Document Papers to make an agreement violative of the Laws of any applicable jurisdiction relating to usury. In no event shall Borrowers Company or any Guarantor be obligated to pay any amount in excess of the maximum amount of interest permitted under applicable Law. If from any circumstance any Lender shall ever shall receive anything of value deemed excess interest under applicable Law, an amount equal to such excess shall be applied to the reduction of the principal amount of outstanding Advances and any remainder shall be refunded to the payor.an

Rate Provision. It is not the intention of any party to any Loan Document Papers to make an agreement violative of the Laws of any applicable jurisdiction relating to usury. In no event shall Borrowers Company be obligated to pay any amount in excess of the maximum amount of interest permitted under applicable Law. If from any circumstance any Lender shall ever shall receive anything of value deemed excess interest under applicable Law, an amount equal to such excess shall be applied to the reduction of the principal amount of outstanding Advances and any remainder shall be refunded to the payor.