Equipment Advances. Subject to Section 2.6(c), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one percent (5.50%), which interest shall be payable monthly in accordance with Section 2.6(f) below.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Equipment Advances. Subject to Section 2.6(c), the principal amount outstanding for each (i) Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one percent (5.50%) and (ii) Supplemental Equipment Advance shall accrue interest at a fixed per annum rate equal to three percent (3.00%), which interest shall be payable monthly in accordance with Section 2.6(f) below.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Equipment Advances. Subject to Section 2.6(c2.6(f), the principal amount outstanding for each (i) Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one percent (5.50%) and (ii) Supplemental Equipment Advance shall accrue interest at a fixed per annum rate equal to three percent (3.00%), which interest shall be payable monthly in accordance with Section 2.6(f2.6(g) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one percent (5.502.50%), which interest shall be payable monthly in accordance with Section 2.6(f2.3(f) below.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Zendesk, Inc.), Loan and Security Agreement (Zendesk, Inc.)
Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five seven and one half of one one-quarter percent (5.507.25%), which interest shall be payable monthly in accordance with Section 2.6(f) belowmonthly.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)
Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for under each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one percent (5.50%)interest, which interest shall be payable monthly in accordance with Section 2.6(f2.3(d) below, at a floating per annum rate equal to one-half of one percent (0.5%) above the WSJ Prime Rate.
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Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half the greater of one percent (5.50i) the Basic Rate, or (ii) 3.97%), which interest shall be payable monthly in accordance with Section 2.6(f) belowmonthly.
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Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one three quarters percent (5.505.75%), ) which interest shall be payable monthly in accordance with Section 2.6(f) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Peregrine Semiconductor Corp)
Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one three quarters percent (5.505.75%), ) which interest shall be payable monthly in accordance with monthly. Notwithstanding the foregoing effective as of April 1, 2011, subject to Section 2.6(f2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to four and three quarters percent (4.75%) belowwhich interest shall be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Peregrine Semiconductor Corp)
Equipment Advances. Subject to Section 2.6(c2.2(b), the principal amount outstanding for under each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half of one percent (5.50%)interest, which interest shall be payable monthly in accordance with Section 2.6(fmonthly, at a per annum rate equal to one and one-quarter percentage points (1.25%) belowabove the Prime Rate, as determined on the applicable Funding Date (the “Interest Rate”).
Appears in 1 contract
Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.)
Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five six and one one-half of one percent (5.506.50%), which interest shall be payable monthly in accordance with Section 2.6(f) belowmonthly.”
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Equipment Advances. Subject to Section 2.6(c2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a fixed per annum rate equal to five and one half the greater of one percent (5.50i) the Basic Rate or (ii) 3.97%), which interest shall be is payable monthly in accordance with Section 2.6(f) belowmonthly.
Appears in 1 contract
