Common use of Maximum Interest Payable Clause in Contracts

Maximum Interest Payable. The Company, each Purchaser and any other holder of the Notes specifically intend and agree to limit contractually the amount of interest payable under this Agreement, the Notes and all other instruments and agreements related hereto and thereto to the maximum amount of interest lawfully permitted to be charged under applicable law. Therefore, none of the terms of this Agreement, the Notes or any instrument pertaining to or relating to this Agreement or the Notes shall ever be construed to create a contract to pay interest at a rate in excess of the maximum rate permitted to be charged under applicable law, and none of the Company, any Subsidiary Guarantor or any other party liable or to become liable hereunder, under the Notes, the Subsidiary Guaranty or under any other instruments and agreements related hereto and thereto shall ever be liable for interest in excess of the amount determined at such maximum rate, and the provisions of this Section 22.9 shall control over all other provisions of this Agreement, the Notes, the Subsidiary Guaranty or any other instrument pertaining to or relating to the transactions herein contemplated. If any amount of interest taken or received by a Purchaser or

Appears in 1 contract

Sources: Note Purchase Agreement (Alliance Data Systems Corp)

Maximum Interest Payable. The CompanyEach Obligor, each Purchaser and any each other holder of the Notes specifically intend intends and agree agrees to limit contractually the amount of interest payable under this Agreement, the Notes and all other instruments and agreements related relating hereto and thereto to the maximum amount of interest lawfully permitted to be charged under applicable law. Therefore, none of the terms of this Agreement, the Notes or any instrument pertaining to or relating to this Agreement or the Notes shall ever be construed to create a contract to pay interest at a rate in excess of the maximum rate permitted to be charged under applicable law, and none of the Company, any Subsidiary Guarantor Obligors or any other party liable or to become liable hereunder, under the Notes, the Subsidiary and Guaranty or under any other instruments and agreements related hereto and thereto shall ever be liable for interest in excess of the amount determined at such maximum rate, and the provisions of this Section 22.9 23.10 shall control over all other provisions of this Agreement, the any Notes, the Subsidiary any Guaranty or any other instrument pertaining to or relating to the transactions herein contemplated. If any amount of interest taken or received by a Purchaser orherein

Appears in 1 contract

Sources: Note Purchase Agreement (Helen of Troy LTD)

Maximum Interest Payable. The Company, each Purchaser Each of the parties hereto and any other holder the Holders of the Notes and the Holders of the Receivables specifically intend and agree to limit contractually the amount of interest payable under this Agreement, the Notes Transaction Documents and all other instruments and agreements related hereto and thereto to the maximum amount of interest lawfully permitted to be charged under applicable law. Therefore, none of the terms of this Agreement, the Notes Transaction Documents or any instrument pertaining to or relating to this Agreement or the Notes thereto shall ever be construed to create a contract to pay interest at a rate in excess of the maximum rate permitted to be charged under applicable law, and none of the CompanyTransaction Parties, any Subsidiary Guarantor or guarantor nor any other party liable or to become liable hereunder, under the NotesTransaction Documents, the Subsidiary Guaranty any guaranty or under any other instruments and agreements related hereto and thereto shall ever be liable for interest in excess of the amount determined at such maximum rate, and the provisions of this Section 22.9 8.14 shall control over all other provisions of this Agreementthe Transaction Documents, the Notes, the Subsidiary Guaranty any guaranty or any other instrument pertaining to or relating to the transactions herein and therein contemplated. If any amount of interest taken or received by a Purchaser orthe Purchaser, any Holder of the Notes or any Holder of the

Appears in 1 contract

Sources: Transaction Agreement (Cap Rock Energy Corp)