Maximum Rate definition

Maximum Rate shall have the meaning assigned to such term in Section 9.09.

Maximum Rate has the meaning specified in Section 10.10.

Maximum Rate shall have the meaning ascribed to such term in Section 5.17.

Examples of Maximum Rate in a sentence

• If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower.

• If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers.

• If Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to Borrower.

• It is agreed that if the maximum contract rate of interest allowed by law and applicable to the Transaction Documents is increased or decreased by statute or any official governmental action subsequent to the date hereof, the new maximum contract rate of interest allowed by law will be the Maximum Rate applicable to the Transaction Documents from the effective date thereof forward, unless such application is precluded by applicable law.

• If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Term Loan or, if it exceeds such unpaid principal, refunded to the Borrower.

More Definitions of Maximum Rate

Maximum Rate means the maximum nonusurious interest rate under applicable law.

Maximum Rate shall have the meaning provided in Section 12.20.

Maximum Rate has the meaning provided in Section 11.23.

Maximum Rate has the meaning set forth in Section 2.2.

Maximum Rate shall have the meaning assigned to such term in Section 2.3.

Maximum Rate has the meaning specified in Section 3.3.

Maximum Rate. With respect to any adjustable rate Mortgage Loan and any Due Period, the maximum Mortgage Interest Rate that may be charged the borrower under the related Mortgage Note. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.