Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the Prime Rate plus one percent (1.00%).
Appears in 3 contracts
Samples: Loan and Security Agreement (Microfluidics International Corp), Export Import Bank Loan and Security Agreement (Microfluidics International Corp), Loan and Security Agreement (Spire Corp)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent two percentage points (1.002.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Second Loan Modification Agreement (Glowpoint, Inc.), Second Loan Modification Agreement (Luna Innovations Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent two percentage points (1.002.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Glowpoint Inc), Loan and Security Agreement (Luna Innovations Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount amounts outstanding under the Revolving Line shall accrue interest at a per annum rate equal to 1.75 percentage points above the Prime Rate plus one percent (1.00%)Rate, which interest shall be payable monthly.
Appears in 2 contracts
Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the greater of (a) the Prime Rate Rate, floating, plus one percent (1.001%), or (b) five percent (5%), which interest shall be payable monthly.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one three and one-quarter percent (1.003.25%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.”
Appears in 1 contract
Samples: Ninth Loan Modification and Waiver Agreement (Bridgeline Digital, Inc.)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent and one-half percentage points (1.001.50%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Wireless Ronin Technologies Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the aggregate of the Prime Rate plus one percent two percentage points (1.002%), which interest shall be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (International Electronics Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the aggregate of the Prime Rate plus one percent percentage point (1.00%), which interest shall be payable monthly.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: First Loan Modification and Forbearance Agreement (Energy Focus, Inc/De)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to (i) one percentage point (1.00%) above the Prime Rate plus one percent while Borrower’s Net Cash is less than Twenty Million Dollars (1.00%$20,000,000), or (ii) the Prime Rate at all other times; which interest shall, in either case, be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Dot Hill Systems Corp)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the Prime Rate plus one percent (1.00%)the Prime Rate Margin, which interest shall be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount amounts outstanding under the (i) Revolving Line shall accrue interest at a per annum rate equal to one quarter of one percentage point (0.25) above the Prime Rate plus Rate, and (ii) Term Loan shall accrue interest at a per annum rate equal to one percent half of one percentage point (1.00%)0.50) above the Prime Rate, which interest in each case shall be payable monthly.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the Prime Rate plus one percent (1.00%)." and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Waiver and First Loan Modification Agreement (Spire Corp)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the greater of (i) six and one-quarter percent (6.25%) or (ii) the Prime Rate plus one three percent (1.003.00%), which interest shall be payable monthly in accordance with Section 2.3(d) below.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to three and one-quarter percentage points (3.25%) above the Prime Rate plus one percent (1.00%)Rate, provided that the interest rate in effect on any day shall not be less than 6.5% per annum, which interest shall be payable monthly.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the aggregate of the Prime Rate plus one percent and one-half percentage point (1.001.50%), which interest shall be payable monthly.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Second Loan Modification and Forbearance Agreement (Energy Focus, Inc/De)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to one percentage point above the Prime Rate plus one Rate, provided that the interest rate in effect on any day shall not be less than four percent (1.00%)per annum, which interest shall be payable monthly.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the greater of (a) the Prime Rate Rate, floating, plus one and three quarter percent (1.001.75%), or (b) five percent (5%), which interest shall be payable monthly.”
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%)Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Caliper Life Sciences Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount amounts outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the Prime Rate plus one and one-quarter of one percent (1.001.25%)) above the Prime Rate, which interest shall be payable monthly.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount amounts outstanding under the Revolving Line shall accrue interest at a per annum rate equal to 3.50 percentage points above the Prime Rate plus one percent (1.00%)Rate, which interest shall be payable monthly."
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one two percent (1.002.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f).
Appears in 1 contract
Samples: Loan and Security Agreement (Axcelis Technologies Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount amounts outstanding under the Revolving Line shall accrue interest at a per annum rate equal to 1.0 percentage points above the Prime Rate plus one percent (1.00%)Rate, provided that the interest rate in effect on any day shall not be less than 8.0% per annum, which interest shall be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Ocz Technology Group Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the Prime Rate plus one percent (1.001.75%), which interest shall be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount amounts outstanding under the (i) Revolving Line shall accrue interest at a per annum rate equal to one quarter of one percentage point (0.25%) above the Prime Rate plus Rate, (ii) Term Loan shall accrue interest at a per annum rate equal to one percent half of one percentage point (1.000.50%)) above the Prime Rate, and (iii) Equipment Facility Advances shall accrue interest at a per annum rate equal to one quarter of one percentage point (0.25%) above the Prime Rate, which interest in each case shall be payable monthly.
Appears in 1 contract
Interest Rate; Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the greater of (i) 0.50 percentage points above the Prime Rate plus one percent or (1.00%)ii) 5.0% which interest shall be payable monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
