Common use of Facility B Equipment Advances Clause in Contracts

Facility B Equipment Advances. Except as set forth in Section 2.3(b), the Facility B 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 1 contract

Samples: Loan and Security Agreement (Motive Inc)

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Facility B Equipment Advances. Except as set forth in Section 2.3(b), (A) the Standard Facility B Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to one half of one percent (0.501.0%) above the Prime Rate, and (B) the Facility B 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)

Facility B Equipment Advances. Except as set forth in Section 2.3(b), the Facility B 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%) above the Prime Rate.”

Appears in 1 contract

Samples: Loan and Security Agreement (Tippingpoint Technologies Inc)

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Facility B Equipment Advances. Except as set forth in Section 2.3(b), the Facility B Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to one half of one percent (0.501.00%) above the Prime Rate."

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

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