Common use of Term Loan 2012 Clause in Contracts

Term Loan 2012. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan 2012 shall accrue interest at a per annum rate equal to six and three quarters percent (6.75%), which interest shall be payable monthly in accordance with Section 2.1.7(c).”

Appears in 1 contract

Samples: Second Loan Modification Agreement (AtriCure, Inc.)

AutoNDA by SimpleDocs

Term Loan 2012. Subject to Section 2.3(bSection2.4(b), the principal amount outstanding under the Term Loan 2012 shall accrue interest at a floating per annum rate equal to six and three three-quarters percent of one percentage point (6.750.75%)) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.1.7(c)monthly.”

Appears in 1 contract

Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/)

Term Loan 2012. Subject to Section 2.3(b), ) the principal amount outstanding under the Term Loan 2012 shall accrue interest at a floating per annum rate equal to six the Prime Rate plus two and three quarters percent one-quarter of one percentage point (6.752.25%), which interest shall be payable monthly on the first day of each month.” and inserting in accordance with Section 2.1.7(c).”lieu thereof the following:

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (World Energy Solutions, Inc.)

AutoNDA by SimpleDocs

Term Loan 2012. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan 2012 shall accrue interest at a per annum rate equal to six and three quarters percent (6.75%), which interest shall be payable monthly in accordance with Section 2.1.7(c).” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Sixth Loan Modification Agreement (AtriCure, Inc.)

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