Common use of Maximum Interest Rate Clause in Contracts

Maximum Interest Rate. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus refunded to the Company.

Appears in 40 contracts

Sources: Warrant Agreement (Avadel Pharmaceuticals PLC), Warrant Agreement (Avadel Pharmaceuticals PLC), Facility Agreement (Kempharm, Inc)

Maximum Interest Rate. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus thereby refunded to the Company.

Appears in 9 contracts

Sources: Warrant Agreement (Sunpower Corp), Warrant Agreement (TotalEnergies SE), Warrant Agreement (Global Infrastructure Investors III, LLC)

Maximum Interest Rate. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus thereby refunded to the Company.

Appears in 6 contracts

Sources: Facility Agreement (Endologix Inc /De/), Facility Agreement (Endologix Inc /De/), Warrant Agreement (Melinta Therapeutics, Inc. /New/)

Maximum Interest Rate. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder Subscriber and thus refunded to the Company.

Appears in 5 contracts

Sources: Subscription Agreement (China Armco Metals, Inc.), Subscription Agreement (China Logistics Group Inc), Subscription Agreement (China Armco Metals, Inc.)

Maximum Interest Rate. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus refunded to the Company.

Appears in 3 contracts

Sources: Warrant Agreement (Dynavax Technologies Corp), Warrant Agreement (Third Wave Technologies Inc /Wi), Warrant Agreement (Third Wave Technologies Inc /Wi)

Maximum Interest Rate. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company or Allora, as applicable, to the Holder and thus refunded to the CompanyCompany or Allora, as applicable.

Appears in 1 contract

Sources: Warrant Agreement (Allora Minerals, Inc.)