Common use of Growth Capital Loans Clause in Contracts

Growth Capital Loans. Borrower shall pay interest on each Growth Capital Payment Date on the unpaid principal amount of each Growth Capital Advance until the Growth Capital Advance has been paid in full, at the fixed rate equal to two percent (2.0%) per annum in excess of the Prime Rate as of the date of the Growth Capital Funding Date, determined by Agent for each Growth Capital Advance. Interest is computed on the basis of a 365 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Hansen Medical Inc)

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Growth Capital Loans. Borrower shall pay interest on each Growth Capital Payment Date on the unpaid principal amount of each Growth Capital Advance until the Growth Capital Advance has been paid in full, at the fixed rate equal to two the greater of: (i) ten percent (2.010%) per annum, or (ii) six and one-tenth percent (6.1%) per annum in excess of the Prime Treasury Rate as of the date of the Growth Capital Funding Date, determined by Agent Lenders for each Growth Capital Advance. Interest is computed on the basis of a 365 360 day year for the actual number of days elapsedtwelve 30-day months.

Appears in 1 contract

Samples: Loan and Security Agreement (SGX Pharmaceuticals, Inc.)

Growth Capital Loans. Borrower shall pay interest on each Growth Capital Payment Date on the unpaid principal amount of each Growth Capital Advance until the Growth Capital Advance has been paid in full, at the fixed rate equal to two percent (2.0%) per annum in excess of the Prime Rate as of the date of the Growth Capital Funding Date, determined by Agent for each Growth Capital Advance, equal to the greater of: (i) six and three-quarters percent (6.75%), and (ii) the Basic Rate, but in no event greater than nine and three-quarters percent (9.75%). Interest is computed on the basis of a 365 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Acclarent Inc)

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Growth Capital Loans. Borrower shall pay interest on each Growth Capital Payment Date on the unpaid principal amount of each Growth Capital Advance until the Growth Capital Advance has been paid in full, at the fixed rate equal to two the greater of (a) 10.83%, and (b) six and one-quarter percent (2.06.25%) per annum in excess of the Prime Treasury Rate as of the date of the Note for the Growth Capital Funding DateAdvance is prepared, determined by Agent Lenders for each Growth Capital Advance. Interest is computed on the basis of a 365 360 day year for the actual number of days elapsedtwelve 30-day months.

Appears in 1 contract

Samples: Loan and Security Agreement (Cadence Pharmaceuticals Inc)

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