Common use of Non-Formula Advances Clause in Contracts

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 2.00% above the Prime Rate then in effect, or (B) 6.00%.

Appears in 1 contract

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

AutoNDA by SimpleDocs

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 2.000.10% above the Prime Rate then in effect, or (B) 6.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (TheRealReal, Inc.)

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of of: (A) 2.001.50% above the Prime Rate then in effect, ; or (B) 6.005.00%.”

Appears in 1 contract

Samples: Loan and Security Agreement (Diamond Eagle Acquisition Corp. \ DE)

Non-Formula Advances. Except as set forth in Section 2.3(b), each of the Non-Formula Advances Advances, as applicable, shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 2.000.35% above the Prime Rate then in effect, or (B) 6.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (TheRealReal, Inc.)

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of of: (A) 2.001.50% above the Prime Rate then in effect, ; or (B) 6.005.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Diamond Eagle Acquisition Corp. \ DE)

AutoNDA by SimpleDocs

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of of: (A) 2.002.15% above the Prime Rate then in effect, ; or (B) 6.005.90%.

Appears in 1 contract

Samples: Loan and Security Agreement (Igi Laboratories, Inc)

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of of: (A) 2.001.00% above the Prime Rate then in effect, ; or (B) 6.006.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Diamond Eagle Acquisition Corp. \ DE)

Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 2.000.75% above the Prime Rate then in effect, ; or (B) 6.005.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Olo Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.