Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 143 contracts
Samples: Convertible Note Purchase Agreement (Marrone Bio Innovations Inc), Subscription Agreement (Revelstone Capital Acquisition Corp.), Note Purchase Agreement (Silver Lake Group, L.L.C.)
Usury. In the event If any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 19 contracts
Samples: Convertible Note (Assure Holdings Corp.), Note Purchase Agreement (Tree Roots Entertainment Group Co LTD), Note Purchase Agreement (Tree Roots Entertainment Group Co LTD)
Usury. In the event any interest Interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest Interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal Principal Amount of this Note.
Appears in 11 contracts
Samples: Note and Warrant Purchase Agreement (Miso Robotics, Inc.), Note and Warrant Purchase Agreement (Miso Robotics, Inc.), Note and Warrant Purchase Agreement (Miso Robotics, Inc.)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 10 contracts
Samples: Note Purchase Agreement (PogoTec, Inc.), And Warrant Purchase Agreement (PogoTec, Inc.), Purchase Agreement (PogoTec, Inc.)
Usury. In the event any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 10 contracts
Samples: Convertible Promissory Note Purchase Agreement (XL Fleet Corp.), Delta Mutual Inc, Walker Reid S
Usury. In the event that any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 9 contracts
Samples: Note Purchase Agreement (Soliton, Inc.), Note Purchase Agreement (Soliton, Inc.), Option Agreement (American Strategic Minerals Corp)
Usury. In the event event, any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, rate then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 3 contracts
Samples: Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.), Note and Warrant Purchase Agreement (Jumpkicks, Inc.), Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal the Principal Amount and applied against the principal Principal Amount of this Note.
Appears in 3 contracts
Samples: Participation and Repayment Priority Agreement (Orangehook, Inc.), Note (Orangehook, Inc.), Orangehook, Inc.
Usury. In the event If any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 3 contracts
Samples: PureTech Health PLC, Note and Warrant Purchase Agreement (American Shared Hospital Services), PureTech Health PLC
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that the portion of the interest payment representing an amount in such excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 3 contracts
Samples: Note Purchase Agreement (Clean Energy Fuels Corp.), Note Purchase Agreement (Clean Energy Fuels Corp.), Note Purchase Agreement (Clean Energy Fuels Corp.)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 2 contracts
Samples: Energys Group LTD, Fitell Corp
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal Principal Amount and applied against the principal Principal Amount of this Note.
Appears in 2 contracts
Samples: China Cablecom Holdings, Ltd., China Networks International Holdings LTD
Usury. In the event any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Note.
Appears in 2 contracts
Samples: Note Purchase Agreement (RoyaltyTraders LLC), RoyaltyTraders LLC
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this NoteNote in the inverse order of the maturities of such principal installments.
Appears in 1 contract
Samples: Gibraltar Steel Corp
Usury. In the event any interest is paid on this Subordinated Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Subordinated Note.
Appears in 1 contract
Samples: Bone Biologics Corp
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note. With respect to this Note, the Company agrees to file any and all required notices and make any and all required disclosures as may be required under the applicable usury laws of all applicable jurisdictions.
Appears in 1 contract
Usury. In the event any interest is paid on this Note Note, or a fee that is deemed interest, which is deemed to be in excess of the then applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Xspand Products Lab, Inc.
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.. (f)
Appears in 1 contract
Usury. In the event any interest is paid on this Note a Note, or a fee that is deemed interest, which is deemed to be in excess of the then then-applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then then-applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this such Note.
Appears in 1 contract
Samples: Note and Royalty Participation Right Purchase Agreement
Usury. In the event any interest is paid on this Note which is deemed ----- to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Concentric Network Corp)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.. Note - May 2013
Appears in 1 contract
Samples: Lucas Energy, Inc.
Usury. In the event any interest is paid on this Note Note, or a fee that is deemed interest, which is deemed to be in excess of the then then-applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then then-applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Note and Royalty Participation Right Purchase Agreement
Usury. In the event any interest is paid on this Note the Notes which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Notethe Notes.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which that is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note. Such addition interest shall be in addition to all costs and expenses recoverable by Holder under Section 18.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this NoteNote and any excess payment shall be refunded.
Appears in 1 contract
Samples: Quepasa Corp
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then applicable legal maximum rate, then that portion of the interest payment representing an amount in excess of the then applicable legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Biodiesel Purchase Agreement (Imperium Renewables Inc)
Usury. In the event If any interest that is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Jones Soda Co
Usury. In the event that any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Securities Purchase Agreement (RXi Pharmaceuticals Corp)
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal Principal and applied against the principal Principal of this Note.
Appears in 1 contract
Samples: Verb Technology Company, Inc.
Usury. In the event any interest is Interest paid on this Subordinated Note which is deemed to be in excess of the then legal maximum rate, then that the portion of the interest Interest payment representing an amount in excess of the then legal maximum rate shall will be deemed a payment of principal and applied against the principal of this Subordinated Note.
Appears in 1 contract
Samples: Skullcandy, Inc.
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then that the portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of this Note.
Appears in 1 contract
Samples: Athena Bitcoin Global
