Limit of Validity. If from any circumstances whatsoever fulfillment of any provision of this Deed of Trust or the Installment Financing Contract at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed of Trust or the Installment Financing Contract that is in excess of the current limit of such validity, but such obligation shall be fulfilled to the limit of such validity.
Appears in 3 contracts
Sources: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Deed of Trust
Limit of Validity. If from any circumstances whatsoever fulfillment of any provision of this Deed of Trust or the Installment Financing Contract at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed of Trust or the Installment Financing Contract that is in excess of the current limit of such validity, but such obligation shall be fulfilled to the limit of such validity.
Appears in 3 contracts
Sources: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing
Limit of Validity. If from any circumstances whatsoever fulfillment of any provision of this Deed of Trust or the Installment Financing Contract Agreement, at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, amount then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed of Trust or the Installment Financing Contract Agreement that is in excess of the current limit of such validity, but such obligation shall be fulfilled to the limit of such validity.
Appears in 2 contracts
Sources: Installment Sale Agreement, Installment Sale Agreement
Limit of Validity. If from any circumstances whatsoever fulfillment of any provision of this Deed or of Trust or the Installment Financing Contract Lease Agreement, at the time performance of such provision shall be due, shall involve transcending the limit limits of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto the obligation to be fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be possible under this Deed of Trust or under the Installment Financing Contract Lease Agreement that is in excess of the current limit of such validity, but such obligation shall be fulfilled to the limit of such validity.
Appears in 1 contract
Sources: Deed to Secure Debt and Security Agreement (Fox Factory Holding Corp)