USURY SAVINGS definition

USURY SAVINGS. The usury savings provisions set forth in the Loan Agreement (including the provisions of subparts (iii) and (iv) of Section 2.13 of the Loan Agreement), are hereby incorporated into this Note by this reference. PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE NOTE. BORROWER: GMX RESOURCES INC. By: Name: Xxxxx X. Xxxxxxx Title: Chief Financial Officer and Treasurer EXHIBIT A PAGE - 6 - STATE OF OKLAHOMA ) ) ) SS: ) COUNTY OF OKLAHOMA ) BEFORE ME, the undersigned Notary Public duly commissioned qualified and sworn within and for the State and County written above, personally came and appeared Xxxxx X. Xxxxxxx, to me personally known, and who being by me duly sworn, did say that he is the authorized Chief Financial Officer and Treasurer of GMX Resources Inc., whose name is subscribed to the foregoing Line of Credit Note and that he executed the foregoing Line of Credit Note by authority of said corporation’s board of directors on behalf of said corporation. THUS DONE AND SIGNED before me and the two undersigned witnesses in the County and State aforesaid, on this _____ day of June, 2008. Witness my hand and official seal. WITNESSES: Name: Name: Xxxxx X. Xxxxxxx Name: NOTARY PUBLIC Seal My Commission expires: Commission number: EXHIBIT B FORM OF ASSIGNMENT AND ACCEPTANCE Dated Effective , 200 Reference is made to the Third Amended and Restated Loan Agreement dated effective as of June 12, 2008, as the same may be amended, modified or supplemented from time to time (as so amended, modified or supplemented from time to time, the “Agreement”), among GMX Resources Inc., as Borrower, Capital One, National Association, as Agent, and the banks party thereto (the “Banks”). Capitalized terms which are used herein without definition and which are defined in the Agreement shall have the same meanings herein as in the Agreement. (the “Assignor”) and (the “Assignee”) agree as follows:
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USURY SAVINGS. This Debenture is subject to the express condition and it is the expressed intent of the parties, that at no time shall the Company be obligated or required to pay
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Examples of USURY SAVINGS in a sentence

  • On other cyclic views of history, see George Modelski, ed., Exploring Long Cycles, Boulder: Lynne Rienner, 1987; Robert Gilpin, War and Change in World Politics, New York: Cambridge University Press, 1981; Joshua A.

  • USURY SAVINGS CLAUSE...........................................................................

  • Aside from the savings issue, Canada is particularly attractive to US firms as the two cultures are very similar, allowing for strong client-facing relationships.

  • Mobile radio relay, optical and multiplex equipment was installed on the MoD’s communications and IT backbone.

  • USURY SAVINGS CLAUSE..............................................128 10.20.

  • USURY SAVINGS CLAUSE...............................................

  • USURY SAVINGS.......................................................

  • At the request of the placement director at UMONS, the placement supervisor at the host organisation completes a work placement certificate, which indicates the start and end dates of the work placement, the description of the tasks assigned to the student trainee, as well as a student trainee evaluation (attendance, motivation, quality of work, general behaviour).

  • USURY SAVINGS: Interest on the debt evidenced by this note will not exceed the maximum rate or amount of nonusurious interest that may be contracted for, taken, reserved, charged, or received under law.

  • USURY SAVINGS CLAUSE.........................................................................-51- 14-14.

Related to USURY SAVINGS

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency’s overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Savings means the difference between the principal

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).