Term Loan A. Subject to and upon the terms and conditions of this Agreement, Silicon shall make a term loan to Borrower in the amount of $1,500,000,00 ("Term Loan A"). Beginning on August 31, 2004 and continuing on last day of each month thereafter, Borrower shall pay to Silicon (a) monthly installments of principal each in the amount of $41,666.67, plus (b) interest on the outstanding amount of Term Loan A at the rate applicable to Term Loan A as set forth on the Schedule. The entire outstanding principal balance, plus all accrued and unpaid interest and other charges under Term Loan A shall be due and payable upon the Maturity Date applicable to Term Loan A.
Appears in 2 contracts
Samples: Loan and Security Agreement (Picis Inc), Loan and Security Agreement (Picis Inc)
Term Loan A. Subject to and upon upon, the terms and conditions of this Agreement, Silicon shall make a term loan to Borrower in the amount of $1,500,000,00 1,500,000.00 ("Term Loan A"). Beginning on August 31, 2004 and continuing on last day of each month thereafter, Borrower shall pay to Silicon (a) monthly installments of principal each in the amount of $41,666.67, plus (b) interest on the outstanding amount of Term Loan A at the rate applicable to Term Tern Loan A as set forth on the Schedule. The entire outstanding principal balance, plus all accrued and unpaid interest and other charges under Term Loan A shall be due and payable upon the Maturity Date applicable to Term Loan A.
Appears in 2 contracts
Samples: Loan and Security Agreement (Picis Inc), Loan and Security Agreement (Picis Inc)
Term Loan A. Subject to and upon the terms and conditions of this Agreement, Silicon shall make a term loan to Borrower in the amount of $1,500,000,00 1,500,000.00 ("Term Loan A"). Beginning on August 31, 2004 and continuing on last day of each month thereafter, Borrower shall pay to Silicon (a) monthly installments of principal each in the amount of $41,666.67, plus (b) interest on the outstanding amount of Term Loan A at the rate applicable to Term Loan A as set forth on the Schedule. The entire outstanding principal balance, plus all accrued and unpaid interest and other charges under Term Loan A shall be due and payable upon the Maturity Date applicable to Term Loan A.
Appears in 2 contracts
Samples: Loan and Security Agreement (Picis Inc), Loan and Security Agreement (Picis Inc)