Common use of Maximum Interest Rate Clause in Contracts

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 24 contracts

Samples: Credit Agreement (Fyi Inc), Loan Agreement (Uici), Credit Agreement (Savvis Communications Corp)

AutoNDA by SimpleDocs

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 17 contracts

Samples: Credit Agreement (Horizon Health Corp /De/), Security Agreement (Tufco Technologies Inc), Credit Agreement (Tufco Technologies Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation obligation under the Loan Documents shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation obligation shall not reduce the rate of interest on such Obligation obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation obligation equals the aggregate amount of interest which would have accrued on such Obligation obligation if the Contract Rate for such Obligation obligation had at all times been in effect.. As used herein, the term “

Appears in 11 contracts

Samples: Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation obligation under the Loan Documents shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation obligation shall not reduce the rate of interest on such Obligation obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation obligation equals the aggregate amount of interest which would have accrued on such Obligation obligation if the Contract Rate for such Obligation obligation had at all times been in effect.. As used herein, the term "

Appears in 6 contracts

Samples: Term Credit Agreement (Acxiom Corp), Intercreditor Agreement (Acxiom Corp), Credit Agreement (Acxiom Corp)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract RateCONTRACT RATE") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 5 contracts

Samples: Credit Agreement (Peregrine Systems Inc), Credit Agreement (Marketing Specialists Corp), Credit Agreement (First Investors Financial Services Group Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 4 contracts

Samples: Credit Agreement (Tufco Technologies Inc), Credit Agreement (Horizon Health Corp /De/), Credit Agreement (Tufco Technologies Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, ------------- thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 3 contracts

Samples: Lease Agreement (Mail Well I Corp), Intercreditor Agreement (Mail Well Inc), Credit Agreement (Cais Internet Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract -------- Rate") for any Obligation shall exceed the Maximum Rate, thereby causing ---- the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 3 contracts

Samples: Credit Agreement (Renaissance Worldwide Inc), Credit Agreement (Renaissance Worldwide Inc), Credit Agreement (Renaissance Worldwide Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document (the "Contract Rate") shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") Rate for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 3 contracts

Samples: Credit Agreement (Intervoice Inc), Credit Agreement (Cec Entertainment Inc), Credit Agreement (Lufkin Industries Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document Paper shall at any time exceed the Maximum Highest Lawful Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Highest Lawful Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Highest Lawful Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Highest Lawful Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 2 contracts

Samples: Credit Agreement (Frozen Food Express Industries Inc), Credit Agreement (Frozen Food Express Industries Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, ------------- thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 2 contracts

Samples: Credit Agreement (Imperial Financial Group Inc), Credit Agreement (Imperial Financial Group Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for the Loan or any Obligation other indebtedness, liability or obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation thereon to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation therefor shall not reduce the rate of interest on such Obligation therefor below the Maximum Rate until the aggregate amount of interest accrued on such Obligation thereon equals the aggregate amount of interest which would have accrued on such Obligation thereon if the Contract Rate for such Obligation had at all times been in effect.

Appears in 2 contracts

Samples: Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract RateCONTRACT RATE") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 2 contracts

Samples: Security Agreement (Nelnet Inc), Credit Agreement (Pathnet Telecommunications Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Sourcecorp Inc)

AutoNDA by SimpleDocs

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Blanch E W Holdings Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest [ ] which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Oao Technology Solutions Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document Note shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation obligation owed under this Agreement or any Note shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation obligation shall not reduce the rate of interest on such Obligation obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation obligation equals the aggregate amount of interest which would have accrued on such Obligation obligation if the Contract Rate for such Obligation obligation had at all times been in effect.. The term "

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate for any Obligation (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, ------------- thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Earthwatch Inc)

Maximum Interest Rate. (a) No Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, no interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Savvis Communications Corp)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation SECOND AMENDED AND RESTATED CREDIT AGREEMENT - Page 102 109 below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Kitty Hawk Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document shall at any time exceed the Maximum Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation Obligations had at all times been in effect.

Appears in 1 contract

Samples: Loan Agreement (Uici)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document Paper shall at any time exceed the Maximum Highest Lawful Rate. If at any time the interest rate (the "Contract Rate") for any Obligation shall exceed the Maximum Highest Lawful Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Highest Lawful Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Highest Lawful Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Frozen Food Express Industries Inc)

Maximum Interest Rate. (a) No interest rate specified in this Agreement or any other Loan Document Paper shall at any time exceed the Maximum Highest Lawful Rate. If at any time the interest rate (the "Contract RateCONTRACT RATE") for any Obligation shall exceed the Maximum Highest Lawful Rate, thereby causing the interest accruing on such Obligation to be limited to the Maximum Highest Lawful Rate, then any subsequent reduction in the Contract Rate for such Obligation shall not reduce the rate of interest on such Obligation below the Maximum Highest Lawful Rate until the aggregate amount of interest accrued on such Obligation equals the aggregate amount of interest which would have accrued on such Obligation if the Contract Rate for such Obligation had at all times been in effect.

Appears in 1 contract

Samples: Credit Agreement (Frozen Food Express Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.