Example ContractsClausesusuryIdentical
Usury
Usury contract clause examples

24 Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that would prohibit or forgive the Company from payng all or a portion of the principal, Interest or Default Interest on this Note.

CONVERTIBLE PROMISSORY NOTE MATURITY DATE OF DECEMBER 27, 2017 *THE "MATURITY DATE"
Source: SEC EDGAR database • Date: September 20, 2017 • SIC: 2670 • CIK: 2670

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