Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 205 contracts
Samples: Loan and Security Agreement (Latch, Inc.), Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (IsoPlexis Corp)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 115 contracts
Samples: Loan and Security Agreement (Max International Inc), Loan and Security Agreement (Xilio Therapeutics, Inc.), Loan and Security Agreement (Xilio Therapeutics, Inc.)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 95 contracts
Samples: Loan and Security Agreement (Southwall Technologies Inc /De/), Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Versata Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 17 contracts
Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Seebeyond Technology Corp), Loan and Security Agreement (Safeguard Scientifics Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.
Appears in 12 contracts
Samples: Annual Report, Annual Report, Loan and Security Agreement (General Magic Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.
Appears in 12 contracts
Samples: Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Precision Biosciences Inc)
Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 12 contracts
Samples: Loan and Security Agreement (Onsale Inc), Loan and Security Agreement (Somnus Medical Technologies Inc), Loan and Security Agreement (Curon Medical Inc)
Computation. In With respect to Obligations bearing interest at the Prime Rate, in the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 12 contracts
Samples: Loan and Security Agreement (Maxwell Technologies Inc), Loan and Security Agreement (Maxwell Technologies Inc), Loan and Security Agreement (Natera, Inc.)
Computation. In the event the Prime Rate is changed from time ----------- to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 7 contracts
Samples: Loan and Security Agreement (Brio Technology Inc), Loan Agreement (Ultradata Corp), Loan and Security Agreement (Placeware Inc)
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 6 contracts
Samples: Loan and Security Agreement (Esperion Therapeutics Inc/Mi), Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Copper Mountain Networks Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder under the Notes shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 5 contracts
Samples: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Versatility Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Bank shall notify Borrower of the change in the ordinary course of Borrower's business. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Loan and Security Agreement (Accrue Software Inc), Loan and Security Agreement (Verity Inc \De\), Loan and Security Agreement (Verity Inc \De\)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Loan and Security Agreement (Iridex Corp), Loan and Security Agreement (Invision Technologies Inc), Loan and Security Agreement (Datawatch Corp)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Agent shall give Borrower prompt notice of such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Loan and Security Agreement (Cue Health Inc.), Loan and Security Agreement (Cue Health Inc.), Loan and Security Agreement (Cue Health Inc.)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Any change to the Prime Rate and related chargeable interested under the Loan Documents, as well as an updated loan amortization table, will be communicated and delivered within ten (10) Business Days of such adjustment.
Appears in 3 contracts
Samples: Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.)
Computation. In the event the Prime Rate is changed from time ------------ to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Export Import Bank Loan and Security Agreement, Loan and Security Agreement (Seachange International Inc), Loan and Security Agreement (Seachange International Inc)
Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable changeable under the Loan Documents shall be computed computer on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc)
Computation. In the event the Prime Rate is changed ----------- from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ise Labs Inc), Loan and Security Agreement (Thermatrix Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Notwithstanding the foregoing, this Section 2.3(d) shall not apply in the event the Borrower elects the fixed rate option as set forth in Section 2.3(a).
Appears in 2 contracts
Samples: Loan and Security Agreement (Cardiac Pathways Corp), Loan and Security Agreement (Cygnus Inc /De/)
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Quicklogic Corporation)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. The Bank shall deliver written notice of any such change in the Prime Rate within 5 days of any such change.
Appears in 2 contracts
Samples: Loan and Security Agreement (Traffic.com, Inc.), Loan and Security Agreement (Traffic.com, Inc.)
Computation. In With respect to Obligations bearing interest at a rate based on the Prime Rate, in the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Carbonite Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents Document shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Quintus Corp), Loan and Security Agreement (Hybridon Inc)
Computation. In the event If the Prime Rate or the Prime Rate Margin is changed from time to time hereafter, the applicable rate of interest Prime Interest Rate hereunder with respect to Advances outstanding which do not constitute LIBOR Advances shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate or the Prime Rate Margin, as applicable, is changed, by an amount equal to such change in the Prime RateRate or the Prime Rate Margin, as applicable. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder under the Note shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event As the Prime Rate is changed from time to time hereaftertime, the applicable rate rates of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents this Agreement shall be computed on the basis of a three hundred sixty (360) day 360)-day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Loudeye Technologies Inc)
Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day 360)-day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time ----------- to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents Promissory Note shall be computed on the basis of a three hundred sixty (360) day year of twelve (12) thirty-day months for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day decreased when the Prime Rate is changed, changes by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest interests hereunder shall be increased or decreased, decreased effective as of of
12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days delays elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Vista Information Solutions Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year of twelve (12) thirty-day months for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Orchard Enterprises, Inc.)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate Rate, is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents based on the Prime Rate shall be computed on the basis of a three hundred sixty sixty-five or three hundred sixty-six (360365/6) day year year, as the case may be, for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Gxxx Xxxx\PA\10260242.6 1090371-981500 6 Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Patient Infosystems Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Referenced Rate (as defined in the Addendum) is changed, by an amount equal to such change in the Prime Referenced Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360- day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Turnstone Biologics Corp.)
Computation. In the event the Prime Rate is changed changes from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Phase III Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Collaboration Agreement (Pharmaceutical Product Development Inc)
Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Orchid Biosciences Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Each determination of an interest rate or the amount of a fee under the Loan Documents shall be made by Administrative Agent and shall be conclusive, binding and final for all purposes, absent demonstrable error.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount mount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three three-hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder with respect to Prime Rate Advances (as defined in the Supplement) shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Safeguard Health Enterprises Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Bank shall notify Borrower of the change in the ordinary course of business. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Egain Communications Corp)
Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan Agreement (PogoTec, Inc.)
Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Under no circumstances will the interest charged pursuant to this Agreement exceed the maximum rate permitted by law.
Appears in 1 contract
Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 365 day year for the actual number of days elapsedelapsed for all Prime Rate Advances and on the basis of a 360 day year for the actual number of days elapsed for all Eurodollar Rate Advances.
Appears in 1 contract
Samples: Loan and Security Agreement (NightHawk Radiology Holdings Inc)
Computation. In the event the Prime Referenced Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Referenced Rate is changed, by an amount equal to such change in the Prime Referenced Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest (if such applicable rate of interest is based on the Prime Rate) hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed. Bank shall use commercially reasonable efforts to notify Borrower of the effective date and the amount of each such change in interest rate, but failure to so notify the Borrower shall not be a violation of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Igi Laboratories, Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest and Letter of Credit fees chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed ----------- from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed ----------- from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Bank shall notify Borrower of any changes to the Prime Rate.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day 360)-day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsedyear.
Appears in 1 contract
Samples: Loan and Security Agreement (Optex Systems Holdings Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty five (360365) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Crystal Decisions Inc)
Computation. In the event the Prime Rate is changed change from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder with respect to outstanding Advances shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Safeguard Health Enterprises Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m., on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All AU interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. Washington, D.C. time on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of of
8 12 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Bank shall notify Borrower of the change in the ordinary course of Borrower's business. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
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Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
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Computation. In the event the Prime Rate is changed from time ----------- to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
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Samples: Loan Agreement (Logicvision Inc)
Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
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Computation. In With respect to Obligations bearing interest at the Prime Rate, in n the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (CareView Communications Inc)
Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. The interest rate with respect to LIBOR Option Advances shall be adjusted as set forth in the LIBOR Addendum to Loan and Security Agreement executed in connection herewith. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.
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