Term Loan Advance. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three percent (3.00%), which interest shall be payable monthly.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Avalara Inc)
Term Loan Advance. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three greater of (A) six and one half of one percent (3.006.50%)) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthlymonthly in accordance with Section 2.4(e) below.
Appears in 2 contracts
Samples: Credit and Security Agreement (Flexion Therapeutics Inc), Credit and Security Agreement (Flexion Therapeutics Inc)
Term Loan Advance. Subject to Section 2.3(b2.8(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) three and one-quarter of one percent (3.25%) above the Prime Rate plus three and (B) seven and one-half of one percent (3.007.50%), which interest shall be payable monthlymonthly in accordance with Section 2.8(e) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Moneylion Inc.), Loan and Security Agreement (Fusion Acquisition Corp.)
Term Loan Advance. Subject to Section 2.3(b), the principal amount of the outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to (a) the greater of (I) the Prime Rate plus three or (II) four and one-half of one percent (3.004.50%), plus (b) three and three-quarters of one percent (3.75%), which interest shall be payable monthly.monthly in accordance with Section 2.1.5(b). and the following is inserted in lieu thereof:
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Term Loan Advance. Subject to Section 2.3(b), the outstanding principal amount outstanding under of the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (i) one percentage point (1.00%) above the Prime Rate plus three percent or (3.00ii) six percentage points (6.00%), in either case, which interest shall be payable monthlymonthly in accordance with Section 2.3(d) below.
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Term Loan Advance. Subject to Section 2.3(b), the principal amount of the outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to (a) the greater of (I) the Prime Rate plus three or (II) four and one-half of one percent (3.004.50%), plus (b) three and three-quarters of one percent (3.75%), which interest shall be payable monthlymonthly in accordance with Section 2.1.5(b).
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Term Loan Advance. Subject to Section 2.3(b2.5(b), the principal amount outstanding under for the Term Loan Advance shall accrue interest at a floating per annum rate equal to one and one-quarter of one percent (1.25%) above the Prime Rate plus three percent (3.00%)Rate, which interest shall be payable monthlymonthly in accordance with Section 2.5(e) below.
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Term Loan Advance. Subject to Section 2.3(b), the principal amount outstanding under for the Term Loan Advance shall accrue interest at a floating per annum rate equal to two percent (2.0%) above the greater of (x) the Prime Rate plus or (y) three and one quarter of one percent (3.003.25%), which interest shall be payable monthly.
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Term Loan Advance. Subject to Section 2.3(b2.7(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) three-quarters of one percent (0.75%) below the Prime Rate plus three and (B) four and one-quarter of one percent (3.004.25%), which interest shall be payable monthlymonthly in accordance with Section 2.7(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (iRhythm Technologies, Inc.)
Term Loan Advance. Subject to Section 2.3(b2.6(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus greater of (i) three quarters of one percent (3.000.75%) below the Prime Rate, or (ii) three and three quarters of one percent (3.75%), which interest shall be payable monthly.monthly in accordance with Section 2.6(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Everspin Technologies Inc)
Term Loan Advance. Subject to Section 2.3(b2.6(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus greater of (i) three quarters of one percent (3.000.75%) below the Prime Rate, or (ii) four and three quarters of one percent (4.75%), which interest shall be payable monthlymonthly in accordance with Section 2.6(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Everspin Technologies Inc)
Term Loan Advance. Subject to Section 2.3(b), the principal amount of the outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to (a) the greater of (I) the Prime Rate plus three or (II) five percent (3.005.00%), plus (b) three-quarters of one percent (0.75%), which interest shall be payable monthlymonthly in accordance with Section 2.1.5(b).”
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Term Loan Advance. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three greater of (A) six and one half of one percent (3.006.50%)) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthlymonthly in accordance with Section 2.4(e) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Credit and Security Agreement (Flexion Therapeutics Inc)
Term Loan Advance. Subject to Section 2.3(b), the principal amount of the outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three one and one quarter of one percent (3.001.25%), which interest shall be payable monthlymonthly in accordance with Section 2.1.5(b).”
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Term Loan Advance. Subject to Section 2.3(b), the principal amount of the outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to (a) the greater of (I) the Prime Rate plus three or (II) four and one-half of one percent (3.004.50%), plus (b) one-half of one percent (0.50%), which interest shall be payable monthlymonthly in accordance with Section 2.1.5(b).
2.4 Section 2.4 (Fees). The following subsection (b) of Section 2.4 is deleted in its entirety:
Appears in 1 contract
Term Loan Advance. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three greater of (A) four and 20/100 hundredths of one percent (3.004.20%) above the Applicable Rate and (B) five and 43/100 hundredths of one percent (5.43%), which interest shall be payable monthlymonthly in accordance with Section 2.5(e) below.
Appears in 1 contract
