Common use of Interest Recapture Clause in Contracts

Interest Recapture. Notwithstanding the terms of Section 4.3.A.(1) or ------------------ Section 4.3.B.(1), if on any Interest Payment Date, the Bank does not receive interest on the Loans at the applicable Contract Rate because the applicable Contract Rate exceeds or has exceeded the Maximum Rate, then the Borrowers shall, upon the demand of the Bank, pay to the Bank, in addition to interest otherwise required hereunder, on each Interest Payment Date thereafter, interest at the Maximum Rate until the cumulative interest received by the Bank equals the interest which would have been received at the applicable Contract Rate. However, in no event shall the Borrowers be required to pay, for any appropriate computation period, interest at a rate exceeding the Maximum Rate effective during such period.