Guaranteed Advances. Subject to Section 2.3(b), the principal amount outstanding the Guaranteed Line shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one-half of one percent (0.50%) and (Y) six percent (6.00%).
Appears in 4 contracts
Samples: Second Loan Modification Agreement (Stereotaxis, Inc.), Second Loan Modification Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.)
Guaranteed Advances. Subject to Section 2.3(b), the principal amount outstanding under the Guaranteed Line shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one-half of one percent (0.50%) and (Y) six percent (6.00%).
Appears in 2 contracts
Samples: Second Loan Modification Agreement (Stereotaxis, Inc.), Second Loan Modification Agreement (Stereotaxis, Inc.)
Guaranteed Advances. Subject to Section 2.3(b), the principal amount outstanding under the Guaranteed Line shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one-half of one percent (0.50%) and (Y) six percent (6.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
