Common use of Limitations on Interest Clause in Contracts

Limitations on Interest. It is expressly the intent of Landlord and Tenant at all times to comply with applicable law governing the maximum rate or amount of any interest payable on or in connection with this Lease. If applicable law is ever judicially interpreted so as to render usurious any interest called for under this Lease, or contracted for, charged, taken, reserved, or received with respect to this Lease, then it is ▇▇▇▇▇▇▇▇’s and ▇▇▇▇▇▇’s express intent that all excess amounts theretofore Net Multi-Tenant Laboratory 825 Industrial – Multiple Suites/Vaxcyte - Page 53 collected by ▇▇▇▇▇▇▇▇ be credited on the applicable obligation (or, if the obligation has been or would thereby be paid in full, refunded to Tenant), and the provisions of this Lease immediately shall be deemed reformed and the amounts thereafter collectible hereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for hereunder.

Limitations on Interest. It is expressly the intent of Landlord and Tenant at all times to comply with applicable law governing the maximum rate or amount of any interest payable on or in connection with this Lease. If applicable law is ever judicially interpreted so as to render usurious any interest called for under this Lease, or contracted for, charged, taken, reserved, or received with respect to this Lease, then it is ▇▇▇▇▇▇▇▇Landlord’s and ▇▇▇▇▇▇Tenant’s express intent that all excess amounts theretofore collected Net Multi-Tenant Laboratory 825 Industrial – Multiple Suites/Vaxcyte 10628 Science Ctr./Turning Point - Page 53 collected 35 by ▇▇▇▇▇▇▇▇ Landlord be credited on the applicable obligation (or, if the obligation has been or would thereby be paid in full, refunded to Tenant), and the provisions of this Lease immediately shall be deemed reformed and the amounts thereafter collectible hereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for hereunder.

Limitations on Interest. It is expressly the intent of Landlord and Tenant at all times to comply with applicable law governing the maximum rate or amount of any interest payable on or in connection with this Lease. If applicable law is ever judicially interpreted so as to render usurious any interest called for under this Lease, or contracted for, charged, taken, reserved, or received with Net Multi-Tenant Laboratory 3033 Science Park/Singular - Page 28 respect to this Lease, then it is ▇▇▇▇▇▇▇▇’s Landlord's and ▇▇▇▇▇▇’s Tenant's express intent Intent that all excess amounts theretofore Net Multi-Tenant Laboratory 825 Industrial – Multiple Suites/Vaxcyte - Page 53 collected by ▇▇▇▇▇▇▇▇ Landlord be credited on the applicable obligation (or, if the obligation has been or would thereby be paid in In full, refunded to Tenant), and the provisions of this Lease immediately shall be deemed reformed and the amounts thereafter collectible hereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, law1 but so as to permit the recovery of the fullest amount otherwise called for hereunder.