Example ContractsClausesusuryIdentical
Usury
Usury contract clause examples

If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the applicable provision shall automatically be revised to equal the maximum rate of interest or other amount deemed 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 paying all or a portion of the principal or interest on this Note.

US $150,000.00
Source: SEC EDGAR database • Date: April 4, 2023 • SIC: 3231 • CIK: 3231

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