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) 2.15% above the Prime Rate then in effect; or (B) 5.90%.

Appears in 1 contract

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

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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) 2.151.00% above the Prime Rate then in effect; or (B) 5.906.50%.

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) 2.151.50% above the Prime Rate then in effect; or (B) 5.905.00%.”

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), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 2.151.50% above the Prime Rate then in effect; or (B) 5.905.00%.

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) 2.150.35% above the Prime Rate then in effect; or (B) 5.90%.

Appears in 1 contract

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

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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) 2.152.00% above the Prime Rate then in effect; , or (B) 5.906.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Acorn Energy, 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: (A) 2.150.10% above the Prime Rate then in effect; or (B) 5.90%.

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) 2.150.75% above the Prime Rate then in effect; or (B) 5.905.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Olo Inc.)

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