Term Loan Advances. Subject to Section 2.6(b), the outstanding principal amount of the Term Loan Advances shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.25%). Interest shall be payable monthly in accordance with Section 2.6(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (10x Genomics, Inc.), Loan and Security Agreement (10X Genomics, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.5(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter three quarters of one percent (6.252.75%). Interest ) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.5(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tufin Software Technologies Ltd.), Loan and Security Agreement (Tufin Software Technologies Ltd.)
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) Prime Rate, plus the Prime Rate and (2) six and onethree-quarter quarters of one percent (6.250.75%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d2.1.2(b) above and Section 2.3(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Apigee Corp), Loan and Security Agreement (Apigee Corp)
Term Loan Advances. Subject to Section 2.6(b2.4(b), the outstanding principal amount of outstanding under the Term Loan Advances shall accrue interest at a floating per annum rate equal to the greater of (1A) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.252.25%) above the Prime Rate and (B) seven and one-half of one percent (7.50%). Interest , which interest, in each case, shall be payable monthly in accordance with Section 2.6(d2.4(d) below.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.4(b), the outstanding principal amount of outstanding under the Term Loan Advances shall accrue interest at a floating per annum rate equal to the greater of (1A) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.252.25%) above the Prime Rate and (B) (1) with respect to the Term A Loan Advance and the Term B Loan Advance, seven and one-half of one percent (7.50%) and (2) with respect to the Term C Loan Advance, seven percent (7.0%). Interest , which interest, in each case, shall be payable monthly in accordance with Section 2.6(d2.4(d) below.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.251.0%). Interest ) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.3(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Teladoc, Inc.), Loan and Security Agreement (Teladoc, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating per annum rate fixed as of the Funding Date for such Term Loan Advance equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six plus two and one-quarter of one percent (6.252.25%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.8(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1A) two percent (2.002.0%) plus above the Prime Rate and (2B) six seven and one-quarter of one percent (6.257.25%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d2.8(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Oaktree Acquisition Corp.)
Term Loan Advances. Subject to Section 2.6(b2.5(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1A) two percent (2.00%) plus the Prime Rate minus one and (2) six and one-quarter three quarters of one percent (6.251.75%) and (B) two and three quarters of one percent (2.75%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d) below2.5(b)below.
Appears in 1 contract
Samples: Loan and Security Agreement (ShockWave Medical, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter three quarters of one percent (6.250.75%). Interest ) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.3(f) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating fixed per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate eleven and (2) six and one-quarter one half of one percent (6.2511.50%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d2.3(c) below.
Appears in 1 contract
Samples: Mezzanine Loan and Security Agreement (MaxPoint Interactive, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating fixed per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate five and (2) six and one-quarter one half of one percent (6.255.50%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d2.3(e) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.4(b), the outstanding principal amount of the Term Loan Advances shall accrue interest on the principal amount thereof at the greater of (i) a floating per annum rate equal to the greater three quarters of one percentage point (1) two percent (2.000.75%) plus above the Prime Rate and Rate, or (2ii) six and one-quarter of one percent a fixed per annum rate equal to four percentage points (6.254.00%). Interest ) which interest shall be payable monthly in accordance with Section 2.6(d2.4(d) below.”
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.2(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater three-quarters of one percentage point (1) two percent (2.000.75%) plus above the Prime Rate and (2) six and one-quarter of one percent (6.25%). Interest Rate, which interest shall be payable monthly in accordance with Section 2.6(d) belowquarterly.
Appears in 1 contract
Samples: First Loan Modification Agreement (Elron Electronic Industries LTD /Ny/)
Term Loan Advances. Subject to Section 2.6(b2.5(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.251.00%). Interest ) below the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.5(d) below.”
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.4(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2A) six and one-quarter one half of one percent (6.256.50%). Interest ) and (B) one and one-half of one percent (1.50%) above the Prime Rate, 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 Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating per annum rate fixed as of the Funding Date for such Term Loan Advance equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six plus two and one-quarter half of one percent (6.252.50%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.5(b), the outstanding principal amount of outstanding under the Term Loan Advances shall accrue interest at a floating per annum rate equal to the greater of (1A) two percent (2.00%) plus the Prime Rate and (2B) six and one-quarter of one five percent (6.255.0%). Interest , which interest shall be payable monthly in arrears in accordance with Section 2.6(d2.5(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Interpace Biosciences, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.4(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2A) six and one-quarter one half of one percent (6.256.50%). Interest ) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with Section 2.6(d2.4(e) below.”
Appears in 1 contract
Samples: Credit and Security Agreement (Flexion Therapeutics Inc)
Term Loan Advances. Subject to Section 2.6(b2.4(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.250.25%). Interest ) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.4(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (BigCommerce Holdings, Inc.)
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the outstanding for each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-one quarter of one percent (6.252.25%). Interest ) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.3(f) below.” The Loan Agreement shall be amended by inserting the following text at the end of Section 6.2(a) (Financial Statements, Reports, Certificates) thereof:
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.5(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.251.00%). Interest ) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.5(d) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1A) two percent (2.00%) plus the Prime Rate minus one percent (1.00%) and (2B) six four and one-quarter of one percent (6.254.25%). Interest , which interest shall be payable monthly in accordance with Section 2.6(d) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.5(b), the outstanding principal amount of the outstanding under each Term Loan Advances Advance shall accrue interest at a floating per annum rate equal to the greater of (1) two percent (2.00%) plus the Prime Rate and (2) six and one-quarter of one percent (6.25%). Interest Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.5(d) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.6(b2.3(b), the outstanding principal amount of the all Term Loan Advances outstanding under this Agreement shall accrue interest at a floating per annum rate equal to the greater sum of (1a) two percent (2.002.0%), plus (b) plus the Prime Rate and (2) six and one-quarter of one percent (6.25%). Interest Rate, which interest shall be payable monthly in accordance with Section 2.6(d2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Crossroads Systems Inc)