Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day of each month and shall be computed on the basis of a 365- or 366-day year, as applicable, for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 4 contracts
Samples: Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Pulmonx Corp)
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day calendar day of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 2:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 2 contracts
Samples: Loan and Security Agreement (Workiva LLC), Loan and Security Agreement (Workiva LLC)
Payment; Interest Computation. Interest on outstanding Advances under the Revolving Line is payable monthly monthly, in arrears arrears, on the last Business Day calendar day of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interestany interest hereunder, (i) all payments received after 12:00 p.m. Eastern noon Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 2 contracts
Samples: Loan and Security Agreement (AtriCure, Inc.), Loan and Security Agreement (AtriCure, Inc.)
Payment; Interest Computation. Interest with respect to Equipment Advances is payable monthly in arrears on the last Business Day calendar day of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 2 contracts
Samples: Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day of each month Payment Date as provided in Section 2.1.1(b) and (c) and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 2:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366-three hundred sixty (360) day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 3:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day calendar day of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.β
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day of each month Payment Date and shall be computed on the basis of a 365- or 366three-hundred-sixty (360) day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day calendar day of each calendar month and shall be computed on the basis of a 365- or 366three-hundred-sixty (360) day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day of each month Payment Date and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 2:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day of each month Payment Date and shall be computed on the basis of a 365- or 366three-hundred-sixty (360) day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern time Time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any additional Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Samples: Credit and Security Agreement (ScanTech AI Systems Inc.)
Payment; Interest Computation. Interest is payable monthly in arrears monthly on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Electro Scientific Industries Inc)
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day of each month Payment Date and shall be computed on the basis of a 365- or 366three-hundred-sixty (360) day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 2:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Alpha Healthcare Acquisition Corp.)
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 1:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Eidos Therapeutics, Inc.)
Payment; Interest Computation. Interest is payable monthly in arrears on the last first Business Day of each calendar month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed, except that interest computed by reference to the ABR shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). In computing interest, (i) all payments received after 12:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 I :00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366360-day year, as applicable, year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 1:00 p.m. Eastern time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Payment; Interest Computation. Interest is payable monthly in arrears on the last Business Day Payment Date of each month and shall be computed on the basis of a 365- or 366-day year, as applicable, three hundred sixty (360)-day year for the actual number of days elapsed. In computing interest, (i) all payments received after 12:00 p.m. Eastern Pacific time on any day shall be deemed received at the opening of business on the next Business Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension.
Appears in 1 contract
Samples: Loan and Security Agreement (Grove Collaborative Holdings, Inc.)