Common use of Term Loan Advance Clause in Contracts

Term Loan Advance. Subject to Section 2.6(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (i) three quarters of one percent (0.75%) below the Prime Rate, or (ii) three and three quarters of one percent (3.75%), which interest shall be payable monthly in accordance with Section 2.6(d) below. ​

Appears in 1 contract

Samples: Loan and Security Agreement (Everspin Technologies Inc)

AutoNDA by SimpleDocs

Term Loan Advance. Subject to Section 2.6(b2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (iA) three quarters six and one half of one percent (0.756.50%) below and (B) one and one-half of one percent (1.50%) above the Prime Rate, or (ii) three and three quarters of one percent (3.75%)which interest, which interest in each case, shall be payable monthly in accordance with Section 2.6(d2.4(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 2.6(b2.3(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 (iI) three the Prime Rate or (II) five percent (5.00%), plus (b) three-quarters of one percent (0.75%) below the Prime Rate, or (ii) three and three quarters of one percent (3.75%), which interest shall be payable monthly in accordance with Section 2.6(d) below. ​2.1.5(b).”

Appears in 1 contract

Samples: Loan and Security Agreement (AtriCure, Inc.)

Term Loan Advance. Subject to Section 2.6(b2.3(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 (iI) three quarters the Prime Rate or (II) four and one-half of one percent (0.754.50%) below the Prime Rate), or plus (iib) three and three three-quarters of one percent (3.75%), which interest shall be payable monthly in accordance with Section 2.6(d) below2.1.5(b). and the following is inserted in lieu thereof:

Appears in 1 contract

Samples: Loan and Security Agreement (AtriCure, Inc.)

Term Loan Advance. Subject to Section 2.6(b2.3(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 (ix) the Prime Rate or (y) three quarters and one quarter of one percent (0.75%) below the Prime Rate, or (ii) three and three quarters of one percent (3.753.25%), which interest shall be payable monthly in accordance with Section 2.6(d) below. ​monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Cancer Genetics, Inc)

AutoNDA by SimpleDocs

Term Loan Advance. Subject to Section 2.6(b2.3(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 (iI) three quarters the Prime Rate or (II) four and one-half of one percent (0.754.50%), plus (b) below the Prime Rate, or (ii) three and three quarters one-half of one percent (3.750.50%), which interest shall be payable monthly in accordance with Section 2.6(d) below. ​2.1.5(b).

Appears in 1 contract

Samples: Loan and Security Agreement (AtriCure, Inc.)

Term Loan Advance. Subject to Section 2.6(b2.5(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (iA) three quarters four and 20/100 hundredths of one percent (0.754.20%) below above the Prime Rate, or Applicable Rate and (iiB) three five and three quarters 43/100 hundredths of one percent (3.755.43%), which interest shall be payable monthly in accordance with Section 2.6(d2.5(e) below. ​.

Appears in 1 contract

Samples: Loan and Security Agreement (Veracyte, Inc.)

Term Loan Advance. Subject to Section 2.6(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (i) three quarters of one percent (0.75%) below the Prime Rate, or (ii) three four and three quarters of one percent (3.754.75%), which interest shall be payable monthly in accordance with Section 2.6(d) below. ​.

Appears in 1 contract

Samples: Loan and Security Agreement (Everspin Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!