Common use of Equipment Advances Clause in Contracts

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% above the Prime Rate.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Bazaarvoice Inc), Loan and Security Agreement (Photoworks Inc /Wa)

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Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to 0.50% one and one half percent (1 .50%) above the Prime Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bridgepoint Education Inc), Loan and Security Agreement (Bridgepoint Education Inc)

Equipment Advances. Except as set forth in Section 2.3(b), ) the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.502.75% above the Prime Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Us Search Corp Com), Loan and Security Agreement (Us Search Corp Com)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.501.5% above the Prime Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pfsweb Inc), Loan and Security Agreement (Inphonic Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to one half of one percent (0.50% %) above the Prime Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vitalstream Holdings Inc), Loan and Security Agreement (Vitalstream Holdings Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.501.25% above the Prime Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Convio, Inc.), Loan and Security Agreement (Convio, Inc.)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% above the Prime Rate.

Appears in 1 contract

Samples: Loan Agreement (Poniard Pharmaceuticals, Inc.)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to one half of one percent (0.50% %) per annum above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Ditech Communications Corp)

Equipment Advances. Except as set forth in Section 2.3(b2.2(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.501.5% above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to 0.50% three quarters of one percent (0.75%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Tippingpoint Technologies Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding average daily balance thereof, at a rate equal to 0.50% above the Prime RateRate plus one-quarter percent (0.25%).

Appears in 1 contract

Samples: Loan and Security Agreement (Bsquare Corp /Wa)

Equipment Advances. Except as set forth in Section 2.3(b2.4(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% Two and One Quarter of One Percent (2.25%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Align Technology Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to 0.501% above the Prime RateRate then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Active Network Inc)

Equipment Advances. Except as set forth in Section 2.3(b2.4(b), the all Equipment Advances shall bear interest, on the outstanding daily balance average Daily Balance thereof, at a rate equal to 0.50% one percentage point (1%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Alteon Websystems Inc)

Equipment Advances. Except as set forth in Section 2.3(b), ------------------ the Equipment Advances shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to 0.50% one-half percent (0.50 %) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% the Prime Rate. Term Advances. Except as set forth in Section 2.3(b), the Term Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to one-quarter of one percent (0.25%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Chordiant Software Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the any Equipment Advances shall bear interest, on the outstanding average daily balance thereof, at a rate equal to 0.50% one quarter of a percentage point (0.25%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Bsquare Corp /Wa)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% one percent (1.00%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to 0.503.00% above the Prime RateRate then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Aldagen Inc)

Equipment Advances. Except as set forth in Section 2.3(b), (A) the Standard Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% one and one-half percent (1.5%) above the Prime Rate, and (B) the Software Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to two percent (2.0%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

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Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% one and one-half percent (1.5%) above the Prime Rate; provided, however, that after an IPO/Equity Infusion, Advances shall bear interest, on the outstanding daily balance thereof, as provided in Section 2.5 below.

Appears in 1 contract

Samples: Loan and Security Agreement (N2h2 Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.502.25% above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to 0.50% one percent (1.0%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Tci Solutions Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, interest on the outstanding daily balance thereof, at a rate equal to 0.50% one percent (1.0%) above the Prime Rate; provided, however, upon Borrower's election, Equipment Advances shall bear interest on the outstanding daily balance thereof, as provided in Section 2.5 below.

Appears in 1 contract

Samples: Loan and Security Agreement (N2h2 Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to 0.50% one quarter percent (0.25 %) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Avistar Communications Corp)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% above the Prime RateRate plus one percent (1.0%).

Appears in 1 contract

Samples: Loan and Security Agreement (Chordiant Software Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% two percent (2.0%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Musicmaker Com Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to 0.50the greater of (i) 1% above the Prime RateRate then in effect and (ii) 5.0%.

Appears in 1 contract

Samples: Loan and Security Agreement (Active Network Inc)

Equipment Advances. Except as set forth in Section 2.3(b2.4(b), the all Equipment Advances shall bear interest, on the outstanding daily balance average Daily Balance thereof, at a rate equal to 0.50% three quarters of one (0.750) percentage point above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Alteon Websystems Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% one percent (100%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Upek Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.501.75% above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Citadel Security Software Inc)

Equipment Advances. Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate per annum equal to 0.50% above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Vastera Inc)

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