Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 7 contracts
Samples: www.sec.gov, Loan Guarantyand Security Agreement (Hardinge Inc), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co)
Maximum Legal Rate. It is the intent of the Bank Lender and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceledcancelled, and, if received by the BankLender, shall be refunded to Borrowerthe Borrower without interest.
Appears in 7 contracts
Samples: Commercial Loan Agreement (MedMen Enterprises, Inc.), Commercial Loan Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.)
Maximum Legal Rate. It is the intent of the Bank and of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 5 contracts
Samples: Blue Ridge Real Estate Co, Credit Agreement (Financial Institutions Inc), Loan Agreement (CVC Inc)
Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, Xxxxxxxx agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower, without interest.
Appears in 5 contracts
Samples: Demand Note (CurAegis Technologies, Inc.), Replacement Term Note (Hardinge Inc), Term Note (Emerging Vision Inc)
Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”“). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 4 contracts
Samples: Mortgage Warehouse Loan and Security Agreement, Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co)
Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 3 contracts
Samples: Credit Agreement (Financial Institutions Inc), Credit Agreement (Advancis Pharmaceutical Corp), Grumbacher M Thomas
Maximum Legal Rate. It is the intent of the Bank Lender and Borrower that in no event shall such interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, canceled and if received by the Bank, Lender shall be refunded to Borrower, without interest.
Appears in 3 contracts
Samples: Loan Agreement (Acadia Realty Trust), Mortgage Note (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)
Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest Interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 2 contracts
Samples: www.sec.gov, Manning & Napier, Inc.
Maximum Legal Rate. It is the intent Intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Bank and of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 1 contract
Samples: Revolving Credit Agreement (Financial Institutions Inc)
Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, Xxxxxxxx agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower, without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Bank Lender and the Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note Rate from exceeding the Maximum Legal Rate, the Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceledcancelled, and, if received by the BankLender, shall be refunded to Borrowerthe Borrower without interest.
Appears in 1 contract
Samples: Loan Agreement
Maximum Legal Rate. It is the intent of the Bank and of Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”'). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower.
Appears in 1 contract
Samples: Ablest Inc
Maximum Legal Rate. It is the intent of the Bank and Borrower that in no event shall interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “Maximum Legal Rate”). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, Borrower agrees that any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, if received by the Bank, shall be refunded to Borrower, without interest.
Appears in 1 contract
Maximum Legal Rate. It is the intent of the Bank Lender and Borrower that in no event shall such interest be payable at a rate in excess of the maximum rate permitted by applicable law (the “"Maximum Legal Rate”"). Solely to the extent necessary to prevent interest under this Note from exceeding the Maximum Legal Rate, any amount that would be treated as excessive under a final judicial interpretation of applicable law shall be deemed to have been a mistake and automatically canceled, and, canceled and if received by the Bank, Lender shall be refunded to Borrower.
Appears in 1 contract
Samples: Blue Ridge Real Estate Co
