Common use of Equipment Advances Clause in Contracts

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter of one percentage point (0.25%) above the Prime Rate, which interest shall be payable monthly.

Appears in 2 contracts

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

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Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter two and three-quarters of one percentage point points (0.252.75%) above the Prime Rate, which interest shall be payable monthlymonthly commencing upon the making of each Equipment Advance.

Appears in 2 contracts

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

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter three-quarters of one percentage point (0.250.75%) above the Prime Rate, which interest shall be payable monthlymonthly in accordance with Section 2.1.2(b).

Appears in 2 contracts

Samples: Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)

Equipment Advances. Subject to Section 2.3(b2.4(e), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter half of one percentage point percent (0.250.50%) above the Prime Rate, which interest shall be payable monthlyon the Payment Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Control4 Corp)

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter of one (1.0) percentage point (0.25%) above the Prime Rate, which interest shall be payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Ev3 Inc.)

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter of one percentage point and one-half percent (0.251.50%) above the Prime Rate, which interest shall be fixed for each Equipment Advance as of the date of such Equipment Advance and payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthaxis Inc)

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter the greater of one percentage point half of one percent (0.250.50%) above the Prime RateRate or 6.50%, which interest shall be payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Motive Inc)

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Equipment Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding for each Equipment Advance Facility Advances shall accrue interest at a floating per annum rate equal to one quarter of one percentage point (0.25%) above the Prime Rate, which interest shall be payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Saba Software Inc)

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter of one (1.0) percentage point (0.25%) above the Prime Rate, which interest shall be payable monthly.. Said Section 2.3(a)(ii) is hereby amended to read as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Ev3 Inc.)

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter the greater of one (A) two percentage point points (0.252.0%) above the Prime RateRate and (B) seven percent (7.0%), which interest shall be payable monthlymonthly in accordance with Section 2.3(f) below." and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Loan Modification Agreement (Chyron Corp)

Equipment Advances. Subject to Section 2.3(b), the principal amount outstanding for each Equipment Advance shall accrue interest at a floating per annum rate equal to one quarter the greater of one (A) two percentage point points (0.252.0%) above the Prime RateRate and (B) seven percent (7.0%), which interest shall be payable monthlymonthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Chyron Corp)

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