Interest Rates Payments and Calculations. 4- <PAGE> (a) Interest Rate. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any Loan Document, any Advances under this Exim Agreement shall bear interest, on the average daily balance, at a rate equal to the Prime Rate per annum. (b)
Interest Rates Payments and Calculations. (a) Interest Rate for Term Loan Advances. Except as set forth in Section 2.3(b), the Term Loan Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the greater of (i) one half of one percentage point (0.50%) above the Prime Rate or (ii) six percentage points (6.00%).
Interest Rates Payments and Calculations. (a) Interest Rate. -------------
Interest Rates Payments and Calculations. (a) Interest Rates Except as set forth in Section 2.2(b), the Advances shall bear interest, on the outstanding daily balance thereof, at the rates specified in Section 2.1.1.
Interest Rates Payments and Calculations. Section 2.3(a) of the Loan and Security Agreement shall be amended to read:
Interest Rates Payments and Calculations. (a) Interest Rates. From the Effective Date, all Obligations charged to the Loan Account with respect to the Loans shall, subject to Section 2.5(c)(ii), bear interest payable in cash on the Outstanding Amount at a rate per annum equal to ABR plus the Applicable Margin and shall be payable in accordance with Section 2.5(c).
Interest Rates Payments and Calculations. (a) INTEREST RATE Except as set forth in Section 2.2(b), prior to June 20, 1999 the Term Advances shall bear interest, on the average daily balance thereof, at a rate equal to one and one quarter of one percent (1.25%) above the Prime Rate. Term Advances outstanding after such date shall bear interest, at Borrower's option, either (i) at a floating rate equal to the Prime Rate plus one and one quarter of one percent (1.25%) or (ii) at a fixed rate equal to five (5) percentage points above the yield of the 48 month Treasury Xxxx as reported in the Western edition of THE WALL STREET JOURNAL, which rate shall be fixed at the time of Borrower's election. Borrower shall give written notice to Bank of its interest rate election two (2) Business Days prior to June 20, 1999. If Borrower fails to give such notice, then the applicable rate shall be at the floating rate equal to the Prime Rate plus one and one quarter of one percent (1.25%) described herein.
Interest Rates Payments and Calculations. (a) INTEREST RATE. Except as set forth in Section 2.3(b), any Advances shall bear interest, on the average daily balance thereof, at a per annum rate equal to TWO (2.0) percentage points above the Prime Rate; PROVIDED, HOWEVER, that effective the first day of the month following a Qualified Public Offering, the interest rate will decrease to the Prime Rate.
Interest Rates Payments and Calculations. (a) Interest Rate - Equipment Advances. Except as set forth in Section 2.2(b), the Equipment Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to three percent (3.0%) above the Prime Rate.
Interest Rates Payments and Calculations. (a) 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) 1.25% above the Prime Rate then in effect, or (B) 4.50%.
