Interest Rate; Advances. Subject to Section 2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the number of percentage points above the Prime Rate (the “Applicable Margin”) set forth opposite the applicable Quick Ratio in the chart below, which interest shall be payable monthly. Quick Ratio Applicable Margin Greater than or equal to 1.00:1.00 1.50 % Less than 1.00:1.00 2.25 %
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Samples: Loan and Security Agreement (Conexant Systems Inc), Loan and Security Agreement (Conexant Systems Inc)
Interest Rate; Advances. Subject to Section 2.5(b2.3(b), the principal amount amounts outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the number of (i) 1.5 percentage points above the Prime Rate (if the “Applicable Margin”) set forth opposite the applicable Borrower’s Quick Ratio in is greater than 1.00 to 1.00, or (ii) 2.25 percentage points above the chart belowPrime Rate if the Borrower’s Quick Ratio is less than or equal to 1.00 to 1.00, which interest in all events shall be payable monthly. Quick Ratio Applicable Margin Greater than or equal to 1.00:1.00 1.50 % Less than 1.00:1.00 2.25 %.
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Interest Rate; Advances. Subject to Section 2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the number of percentage points above the WSJ Prime Rate (the “Applicable Margin”) set forth opposite the applicable Quick Ratio in the chart below, which interest shall be payable monthly. Quick Ratio Applicable Margin Greater than or equal to 1.50:1.00 0.50 % Less than 1.50:1.00, but greater than 1.00:1.00 1.50 1.00 % Less than 1.00:1.00 2.25 2.00 %
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