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.
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 automaticallyautomati- cally 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.
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.
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 provisionrate of interest due hereunder shall automatically be revisedlowered 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 payingpayng all or a portion of the principalprincipal, Interest or interestDefault Interest on this Note.
Usury. 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 CompanyBorrower 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 CompanyBorrower from paying all or a portion of the principal or interest on this Note.
Usury. 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 CompanyBorrower covenants (to the extent that it may lawfully do so) that it willshall not seek to claim or take advantage of any law that would prohibit or forgive the CompanyBorrower from paying all or a portion of the principal or interest on this Note.
Usury. 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 CompanyBorrower covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any usury law that would prohibit or forgive the CompanyBorrower from paying all or a portion of the principal or interest on this Note.
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates theany applicable law governing usury, the applicable provisionrate of interest due hereunder shall automatically be revisedlowered to equal the maximum rate of interest or other amount deemed interest permitted under applicable law. The Company[[Organization A:Organization]] 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[[Organization A:Organization]] from paying all or a portion of the principalprincipal, fees, liquidated damages or interest on this Note.
IfUsury. To the extent it shallmay lawfully do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever claim, and will resist any and all efforts to be foundcompelled to take the benefit or advantage of, usury laws wherever enacted, now or at any time hereafter in force, in connection with any action or proceeding that may be brought by the Holder in order to enforce any interestright or other amount deemed interest due hereunder violatesremedy under this Note. Notwithstanding any provision to the contrary contained in this Note, it is expressly agreed and provided that the total liability of the Company under this Note for payments which under the applicable law governing usury,are in the applicable provisionnature of interest shall automatically be revised to equalnot exceed the maximum lawful rate authorized under applicable law (the “Maximum Rate”), and, without limiting the foregoing, in no event shall any rate of interest or default interest, or both of them, when aggregated with any other amount deemedsums which under the applicable law in the nature of interest permittedthat the Company may be obligated to pay under this Note exceed such Maximum Rate. It is agreed that if the maximum contract rate of interest allowed by applicable law and applicable to this Note is increased or decreased by statute or any official governmental action subsequent to the Issue Date, the new maximum contract rate of interest allowed by law will be the Maximum Rate applicable to this Note from the effective date thereof forward, unless such application is precluded by applicable law. TheIf under any circumstances whatsoever, interest in excess of the Maximum Rate is paid by the Company covenants (toto the extent that it may lawfully do so) that it will not seekHolder with respect to claim or take advantageindebtedness evidenced by this the Note, such excess shall be applied by the Holder to the unpaid principal balance of any law that would prohibitsuch indebtedness or forgivebe refunded to the Company from paying all or a portionCompany, the manner of handling such excess to be at the principal or interest on this Note.Holder’s election.
IfUsury. To the extent it may lawfully do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever claim, and will resist any and all efforts to be compelled to take the benefit or advantage of, usury laws wherever enacted, now or at any time hereafter in force, in connection with any claim, action or proceeding that may be brought by the Purchaser in order to enforce any right or remedy under the Note. Notwithstanding any provision to the contrary contained in herein or under the Note, it is expressly agreed and provided that the total liability of the Company under the Note for payments in the nature of interest shall be found that any interest or other amount deemed interest due hereunder violatesnot exceed the maximum lawful rate authorized under applicable law governing usury,(the “Maximum Rate”), and, without limiting the applicable provisionforegoing, in no event shall automatically be revised to equal the maximumany rate of interest or default interest, or both of them, when aggregated with any other amount deemedsums in the nature of interest permittedthat the Company may be obligated to pay under the Note or herein exceed such Maximum Rate. It is agreed that if the maximum contract rate of interest allowed by law and applicable to the Note is increased or decreased by statute or any official governmental action subsequent to the date hereof, the new maximum contract rate of interest allowed by law will be the Maximum Rate applicable to the Note from the effective date forward, unless such application is precluded by applicable law. TheIf under any circumstances whatsoever, interest in excess of the Maximum Rate is paid by the Company covenants (toto the extent that it may lawfully do so) that it will not seekPurchaser with respect to claim or take advantageindebtedness evidenced by the Note, such excess shall be applied by the Purchaser to the unpaid principal balance of any law that would prohibitsuch indebtedness or forgivebe refunded to the Company from paying all or a portionCompany, the manner of handling such excess to be at the principal or interest on this Note.Purchaser’s election.
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