Supplemental Growth Capital Advances. Subject to Section 2.5(b), the principal amount outstanding for each Supplemental Growth Capital Advance shall accrue interest at a fixed per annum rate of ten percent (10%), which interest shall be payable monthly in accordance with Section 2.5(e) below.
Appears in 1 contract
Supplemental Growth Capital Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding for each Supplemental Growth Capital Advance shall accrue interest at a fixed per annum rate equal to the greater of ten (i) four percent (104.00%)) or (ii) the Basic Rate, fixed on the date of the First Amendment, which interest shall be payable monthly in accordance with Section 2.5(e) below2.3(f).
Appears in 1 contract
Samples: Loan and Security Agreement (Infinity Oil & Gas Co)
Supplemental Growth Capital Advances. Subject to Section 2.5(b2.2(b), the principal amount outstanding for each Supplemental Growth Capital Advance shall accrue interest at a fixed floating per annum rate equal to the greater of ten (i) the Prime Rate or (ii) [five percent (105.00%)) OR INDICATIVE RATE AT CLOSING], which interest shall be payable monthly in accordance with Section 2.5(e) belowmonthly.
Appears in 1 contract
Supplemental Growth Capital Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding for each Supplemental Growth Capital Advance shall accrue interest at a fixed per annum rate of ten equal to eleven percent (1011.00%), which interest shall be payable monthly in accordance with Section 2.5(e) belowmonthly.
Appears in 1 contract
Supplemental Growth Capital Advances. Subject to Section 2.5(b2.2(b), the principal amount outstanding for each Supplemental Growth Capital Advance shall accrue interest at a fixed per annum rate equal to eight and fifty-five hundredths of ten one percent (108.55%), which interest shall be payable monthly in accordance with Section 2.5(e) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Tracon Pharmaceuticals, Inc.)