Base Rate Borrowing. The term “BASE RATE BORROWING” means each amount of the unpaid principal balance of the LOAN which in accordance with the terms of this AGREEMENT accrues interest at the BASE RATE.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)
Base Rate Borrowing. The term “BASE RATE BORROWING” means each amount of the unpaid principal balance of the a LOAN which in accordance with the terms of this the AGREEMENT accrues interest at the BASE RATE.
Appears in 2 contracts
Samples: Loan and Security Agreement (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)
Base Rate Borrowing. The term “BASE RATE BORROWING” BORROWING means each amount of the unpaid principal balance any portion of the LOAN upon which in accordance with the terms of this AGREEMENT interest accrues interest at the ADJUSTED BASE RATE.
Appears in 1 contract
