Common use of Interest Rate for Advances Clause in Contracts

Interest Rate for Advances. Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to one and one quarter percent (1.25%) above the Prime Rate.

Appears in 4 contracts

Samples: Loan and Security Agreement (Enphase Energy, Inc.), Loan and Security Agreement (Enphase Energy, Inc.), Loan and Security Agreement (Enphase Energy, Inc.)

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Interest Rate for Advances. Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance daily balance thereof, at a variable annual rate equal to one and one quarter percent (1.25%) 2.00% above the Prime RateRate then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Ligand Pharmaceuticals Inc)

Interest Rate for Advances. Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance daily balance thereof, at a variable rate equal to one and one quarter percent (1.251.00%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Neurobiological Technologies Inc /Ca/)

Interest Rate for Advances. Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance daily balance thereof, at a variable annual rate equal to one and half of one quarter percent (1.250.50%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (GLAUKOS Corp)

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Interest Rate for Advances. Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to one-half of one and one quarter percent point (1.250.50%) above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Realnetworks Inc)

Interest Rate for Advances. Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance daily balance thereof, at a variable rate equal to one and one quarter percent (1.25%) 0.50% above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Traffic.com, Inc.)

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