Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 17 contracts
Samples: Loan and Security Agreement (California Micro Devices Corp), Loan and Security Agreement (Xata Corp /Mn/), Loan and Security Agreement (Sipex Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 4 contracts
Samples: Loan and Security Agreement (Pharsight Corp), Loan and Security Agreement (Sonus Pharmaceuticals Inc), Loan and Security Agreement (Datawatch Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.5 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 3 contracts
Samples: Loan Agreement (Emulex Corp /De/), Loan and Security Agreement (Digitalthink Inc), Loan and Security Agreement (Fort Point Partners Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to 0.25 percentage points above the Prime Rate. After an Event of DefaultDefault arising out of Borrower s failure to comply with any of Sections 6.7, 7, or 8.1, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hearme), Loan and Security Agreement (Hearme)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to in accordance with the Prime RateRevolving Promissory Note. After an Event of Default, Obligations accrue interest at 5 five percent (5%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Witness Systems Inc), Loan and Security Agreement (Viewlocity Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Viking Systems Inc), Loan and Security Agreement (Virage Logic Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum the interest rate equal to set forth in the Prime RateSchedule. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Egain Communications Corp), Loan and Security Agreement (Mobility Electronics Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance thereof at a per annum rate equal to the greater of (i) three-quarters of one percentage point (.75%) above the Prime RateRate and (ii) 5.00%. After an Event of DefaultDefault has occurred and is continuing, Obligations shall accrue interest at 5 a rate per annum equal to three percent (3%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 360-day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Tivo Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 five percent (5.0%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan Agreement (Lightbridge Inc), Loan and Security Agreement (Art Technology Group Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of one and one quarter percent (1.25%) plus the greater of (i) the Prime Rate, or (ii) four and one quarter percent (4.25%). After an Event of Default, Obligations accrue interest at 5 five percent (5%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sirf Technology Holdings Inc), Loan and Security Agreement (Sirf Technology Holdings Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Bank's Prime Rate. After an Event of Default, Obligations accrue shall bear interest at 5 five percent (5.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
Appears in 2 contracts
Samples: Loan Agreement (Moldflow Corp), Loan and Security Agreement (Ibasis Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the greater of (i) one quarter of one percentage point (0.25%) above the Prime Rate, and (ii) 4.25%. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Netlogic Microsystems Inc)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.00 percentage point above the Prime Rate; and (ii) Acquisition Advances accrue interest on the outstanding principal balance at a per annum rate of 1.00 percentage point above the Prime Rate. After an Event of Default, Default Obligations accrue interest at 5 percent 5.00 percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate; (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of three quarters (0.75) of a percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Quicklogic Corporation)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to one half of one percentage point (0.50%) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 three (3%) percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed." and inserting in lieu thereof the following:
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum the interest rate equal to set forth in the Prime RateSchedule. After During the continuance of an Event of Default, Obligations accrue interest at 5 three percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.00 percentage point below the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Energy Industries Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of one-half (0.5) percentage point above the Prime Rate. After an Event , with a minimum interest rate of Default, Obligations accrue interest at 5 six percent above the rate effective immediately before the Event of Default(6%). The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Ramtron International Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Prime RateRate plus two percent (2.0%) per annum. After an Event of Default, Obligations accrue shall bear interest at 5 five percent (5.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue shall bear interest at 5 four percent (4.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.”
Appears in 1 contract
Samples: Loan Modification Agreement (Bottomline Technologies Inc /De/)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.75 percentage point above the Prime Rate; and (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Inventa Technologies Inc)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate; and (ii) the Term Loan accrues interest at a per annum rate of 0.25 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Onyx Software Corp/Wa)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of one-half of one percentage point (0.500%) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent five percentage points (5.000%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances outstanding shall accrue interest on the outstanding principal balance at a per annum rate equal to of one (1.0) percentage point above the Prime Rate. After the occurrence and during the continuation of an Event of Default, Obligations accrue interest at 5 percent eight (8.0) percentage points above the rate effective immediately before the Event of DefaultPrime Rate. The rate at which interest rate increases accrues on Advances shall increase or decreases when decrease as the Prime Rate changes. Interest is computed on the basis of a 360 day year for year. Accrued interest on Advances shall be payable on the actual number first Business Day of days elapsedeach month.
Appears in 1 contract
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum variable rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Vitria Technology Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of twenty-five hundredths of one percent (0.25%) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 five percent (5%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.00 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Internap Network Services Corp/Wa)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Bank's Prime Rate, and one-half of one percent (0.50%). After an Event of Default, Obligations accrue shall bear interest at 5 four percent (4.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Bottomline Technologies Inc /De/)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate of 0.50 percentage points above the Prime Rate; and (ii) the Term Loan accrues interest at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent percentage points above the rate effective immediately before the Event of Default. The Each interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Crossworlds Software Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.5 percentage points above the Prime Rate. After an Event of Default and during the continuance of an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on or, a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 three (3%) percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed."
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to in accordance with the Prime Rate. Revolving Promissory Note After an Event of Default, Obligations accrue interest at 5 four percent (4%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.25 of 1 percentage point above the Prime Rate; and (ii) Equipment II Advances accrue interest on the outstanding principal balance at a per annum rate of 0.5 of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.50 percentage points above the Prime Rate; and (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of 1.50 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Endocardial Solutions Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 50 basis points (0.50 percentage points) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Bank's Prime RateRate plus one and one-quarter percent (1.25%). After an Event of Default, Obligations accrue shall bear interest at 5 four percent (4.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.5 percentage points above the Prime Rate. After an Event of Default and during the continuance of an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.5 percentage points above the Prime Rate. After the occurrence and continuance of an Event of Default, Obligations accrue interest at 5 3 percent above the rate effective immediately before the occurrence of the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Fusion Medical Technologies Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a the per annum rate equal to greater of either (a) 0.5 of one percentage point above the Prime RateRate or (ii) 4.50%. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Analogic Technologies Inc)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.50 percentage point(s) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Epoch Biosciences Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to one (1.0) percentage point above the Prime Rate. After the occurrence and during the continuation of an Event of Default, Obligations accrue interest at 5 five (5.0) percent above the rate effective immediately before the occurrence of such Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.5 percentage points above the Prime Rate. After an Event of DefaultDefault has occurred and while such Event of Default is continuing, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1 percentage points below the Prime Rate, floating daily. After an Event of Default, as defined in Section 8, Obligations accrue interest at 5 percent above the rate Prime Rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Silicon Storage Technology Inc)
Interest Rate. (i) Revolving Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent five (5) percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Dpac Technologies Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of the Prime Rate. After the occurrence and during the continuation of an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal of 0.75 of 1 percentage point above the Prime Rate; decreasing, upon occurrence of the Private Placement, to a per annum rate of 0.25 of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Bank's Prime Rate, and one percent (1.0%). After an Event of Default, Obligations accrue shall bear interest at 5 four percent (4.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 360-day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance thereof at a per annum rate equal to the greater of (i) one-half of one percentage point above the Prime RateRate and (ii) 4.75%. After an Event of DefaultDefault has occurred, Obligations shall accrue interest at 5 a rate per annum equal to 3 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of one-half percentage point (0.5%) above the Prime Rate. After an Event , with a minimum interest rate of Default, Obligations accrue interest at 5 six percent above the rate effective immediately before the Event of Default(6%). The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 three hundred sixty (360) day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Ramtron International Corp)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate; and (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of 0.25 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to 0.25 percentage points above the Prime Rate and Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of 0.5 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of the greater of (i) one half of one percentage point (0.50%) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 five percent (5%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Applicable Interest Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed. Commencing on June 30, 2004, regardless of the amount of Advances that may be outstanding from time to time, Borrowers shall pay Bank on a monthly basis (and on the Revolving Maturity Date) during the term of this Agreement, the greater of (i) the actual interest accrued by the Advances or (ii) the Minimum Interest.
Appears in 1 contract
Interest Rate. Revolving Advances accrue interest on the outstanding principal balance at a per annum PER ANNUM rate equal to the greater of (i) 4.50% or (ii) one-half of one percentage point (0.50%) above the Prime Rate. After an Event of DefaultDefault has occurred and is continuing, Obligations accrue interest at 5 percent five (5) percentage points above the rate effective immediately before the such Event of DefaultDefault occurred. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Vascular Solutions Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Bank's Prime Rate, and two percent (2.0%). After an Event of Default, Obligations accrue shall bear interest at 5 four percent (4.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Export Import Bank Loan and Security Agreement (Datawatch Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the greater of (i) six percent (6.0%) per annum or (ii) two (2.%) percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 five percent (5.0%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Daleen Technologies Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum the interest rate equal to the Prime Rateset forth on Schedule 2. After an Event of Default, Obligations accrue interest at 5 percent three percentage points (3%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (North American Scientific Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 two percent (2%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 360-day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to 1.0 percentage points above the Prime Rate. Equipment Advances accrue interest on the outstanding principal balance at a per annum rate 2.0 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.25 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent 5.00 percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan Agreement (MMC Networks Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.50 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent 5.00 percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan Agreement (Cardiac Science Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to one percentage point (1%) above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Onyx Software Corp/Wa)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate of 0.25 percentage points above the Basic Rate and (ii) the Term Loan accrues interest at a per annum rate equal to the Prime Basic Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Basic Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.”
Appears in 1 contract
Samples: Loan Modification Agreement (Egain Communications Corp)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of one (1.0) percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent five (5.0) percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. (i) Advances accrue interest on the outstanding -------------- principal balance at a per annum rate equal to of 1 percentage point above the Prime Rate; and (ii) the Term Loan accrues interest at a per annum rate of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 2 percentage points above the Prime CD Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Revolving Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Bank's Prime Rate. After an Event of Default, Obligations accrue shall bear interest at 5 the lesser of (i) three percent (3.0%) above the rate effective immediately before the Event of Default, and (ii) the maximum interest rate allowed by applicable law. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (Speechworks International Inc)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1 percentage point above the Prime Rate; and (ii) the Term Loan accrues interest at a per annum rate of 2 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (Rosetta Inpharmatics Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 2.5 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (Orthopaedic Biosystems LTD Inc/)
Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate; and (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of 1 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to in accordance with the Prime RateRevolving Promissory Note. After an Event of Default, Obligations accrue interest at 5 five percent (5%) above the rate effective immediately before the Event of Default. The interest rate on the Obligations increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.0 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the greater of (i) one half of one percentage point (0.5%) above the Prime Rate, and (ii) 4.5%. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (Thomas Weisel Partners Group, Inc.)
Interest Rate. Revolving Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent five (5) percentage points above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed."
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Samples: Loan Agreement (I Flow Corp /De/)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate (as defined herein) plus one percent (1.0%). The interest rate applicable to the Obligations shall change on each date there is a change in the Prime Rate. After an Event of Default, Obligations accrue shall bear interest at 5 three percent (3.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.Rate
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Samples: Export Import Bank Loan and Security Agreement (Ibasis Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1 percentage point above the Prime Rate. After and during the continuance of an Event of Default, Obligations accrue interest at 5 4 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Bank’s Prime Rate, and one-half of one percent (0.50%). After an Event of Default, Obligations accrue shall bear interest at 5 four percent (4.0%) above the rate effective immediately before the Event of Default. The interest rate increases shall increase or decreases decrease when the Prime Rate changes. Interest is computed on the basis of a 360 day year for the actual number of days elapsed.” and inserting in lieu thereof the following:
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Samples: Loan Modification Agreement (Bottomline Technologies Inc /De/)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 50 basis points (0.50%) below the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent five percentage points (5%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at the greater of: (i) a per annum rate equal to of one percentage point (1.00%) above the Prime RateRate or (ii) 5.25%. After the occurrence and during the continuance of an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.5 of one percentage point above the Prime Rate; and (ii) the Term Loan accrues interest at a per annum rate of 1.25 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1 percentage point above the Prime Rate; and (ii) the Term Loan accrues interest at a per annum rate of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.50 of one percentage point above the Prime Rate. After an Event of Default, . Obligations accrue interest at 5 5.00 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.75 of 1 percentage point above the Prime Rate. After Upon the occurrence and continuation of an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the greater of: (i)150 basis points (1.50%) above the Prime RateRate or (ii) five and one half percent (5.5%). After Upon the occurrence and during the continuance of an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent per annum above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.75 percentage points above the Prime Rate; and (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of 0.75 percentage points above the Prime Rate. After During and after an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (Alteon Websystems Inc)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of ONE-HALF (0.5) percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to 0.50% plus the Prime Rate; provided the interest rate will not be less than 4.50% per annum. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance thereof at a per annum rate equal to the Prime Rate, and in any event, shall not be less than four percent (4.00%) per annum. After an Event of DefaultDefault has occurred and is continuing, Obligations shall accrue interest at 5 a rate per annum equal to three percent (3%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 360-day year for the actual number of days elapsed.
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Interest Rate. (i) Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate; (ii) Equipment III Advances accrue interest on the outstanding principal balance at a per annum rate of 0.25 of one percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rateof eleven and one-half percent (11.50%). After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 0.5 of 1 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.00 percentage point above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 5.00 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the greater of either (i) 0.75 percentage points above the Prime Rate or (ii) 6.00%. Equipment Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Basic Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Samples: Loan and Security Agreement (Limelight Networks, Inc.)
Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to of 1.25 percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate equal to the Prime Rate. After Unless specifically waived by the Bank in writing, after an Event of Default, and so long as an Event of Default is existing, Obligations accrue interest at 5 three percent (3%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 360-day year for the actual number of days elapsed.
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Interest Rate. Advances accrue interest on the outstanding -------------- principal balance at a per annum rate equal to one and one half (1.5%) percentage points above the Prime Rate. After an Event of Default, Obligations accrue interest at 5 five percent (5%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 360-day year for the actual number of days elapsed.
Appears in 1 contract
Samples: Loan and Security Agreement (Bio Imaging Technologies Inc)