Maximum Permissible Rate

Example Definitions of "Maximum Permissible Rate"
Maximum Permissible Rate. With respect to interest payable on any amount, the rate of interest on such amount that, if exceeded, could, under Applicable Law, result in (i) civil or criminal penalties being imposed on the Bank or (ii) the Bank's being unable to enforce payment of (or, if collected, retain) all or any part of such amount or the interest payable thereon
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