Maximum Legal Rate

Example Definitions of "Maximum Legal Rate"
Maximum Legal Rate. Shall mean the highest legal non-usurious interest rate permissible by law from time to time under the laws of the State of Texas or the federal laws of the United States, or the laws of an applicable foreign jurisdiction in the case of non-U.S. companies, as the case may be, whichever applicable laws allow the highest rate of interest to be charged on all amounts due under this Note.
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