Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.75% above the Prime Rate then in effect, or (B) 5.50%.
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Rubius Therapeutics, Inc.), Loan and Security Agreement (Rubius Therapeutics, Inc.)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.751.00% above the Prime Rate then in effect, or (B) 5.50%.
Appears in 2 contracts
Samples: Loan and Security Agreement (Auspex Pharmaceuticals, Inc.), Loan and Security Agreement (Auspex Pharmaceuticals, Inc.)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.751.25% above the Prime Rate then in effect, or (B) 5.504.50%.
Appears in 2 contracts
Samples: Loan and Security Agreement (Rubius Therapeutics, Inc.), Loan and Security Agreement (Rubius Therapeutics, Inc.)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.751.50% above the Prime Rate then in effect, or (B) 5.505.00%.β
Appears in 1 contract
Samples: Loan and Security Agreement (Obalon Therapeutics Inc)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.75% above the Prime Rate then in effect, effect or (B) 5.504.50%.
Appears in 1 contract
Samples: Loan and Security Agreement (Cidara Therapeutics, Inc.)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.752.00% above the Prime Rate then in effect, or (B) 5.50%.β
Appears in 1 contract
Samples: Loan and Security Agreement (Auspex Pharmaceuticals, Inc.)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.751.00% above the Prime Rate then in effect, effect or (B) 5.504.50%.
Appears in 1 contract
Samples: Loan and Security Agreement (Cidara Therapeutics, Inc.)
Interest Rate for Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 0.751.75% above the Prime Rate then in effect, or (B) 5.505.00%.
Appears in 1 contract
Samples: Loan and Security Agreement (Obalon Therapeutics Inc)
