Common use of Interest Rate; Advances Clause in Contracts

Interest Rate; Advances. (i) If, and only for so long as, Borrower’s Quick Ratio is greater than or equal to 2.0 to 1.0, then, 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 and one-half percentage points (1.50%) above the Prime Rate, provided that the interest rate in effect on any day shall not be less than 5.5% per annum, which interest shall be payable monthly;

Interest Rate; Advances. (i) If, and only for so long as, Borrower’s Quick Ratio is greater than or equal to 2.0 to 1.0, then, subject Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate based on Borrower’s Quick Ratio (as defined below), as follows: Quick Ratio as of the end of a quarter Interest Rate Greater than 1.00 to 1.00 Prime Rate plus 0.25% Less than 1.00 to 1.00 but equal to one and one-half percentage points (1.50or greater than 0.85 to 1.00 Prime Rate plus 0.75% Less than 0.85 to 1.00 Prime Rate plus 1.25%) above the Prime Rate, provided that the interest rate in effect on any day shall not be less than 5.5% per annum, which interest shall be payable monthly;

Interest Rate; Advances. (i) If, and only for so long as, Borrower’s Quick Ratio is greater than or equal to 2.0 2.5 to 1.0, then, 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 and one-half percentage points (1.50%) above the Prime Rate, provided that the interest rate in effect on any day shall not be less than 5.5% per annum, which interest shall be payable monthly;

Interest Rate; Advances. (i) If, and only for so long as, Borrower’s Quick Ratio is greater than or equal to 2.0 to 1.0, then, subject 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 one and one-half (i) 1.5 percentage points (1.50%) above the Prime RateRate if the Borrower’s Quick Ratio is greater than 1.00 to 1.00, provided that or (ii) 2.25 percentage points above the interest rate in effect on any day shall not be Prime Rate if the Borrower’s Quick Ratio is less than 5.5% per annumor equal to 1.00 to 1.00, which interest in all events shall be payable monthly;.