Term Loan Advances. Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(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 2.5(b2.6(b), the outstanding principal amount outstanding under each of the Term Loan Advance 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 three quarters (2) six and one-quarter of one percent (2.756.25%) above the Prime Rate, which interest ). Interest shall be payable monthly in accordance with Section 2.5(d2.6(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 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.751.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(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 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three the Prime Rate, plus three-quarters of one percent (2.750.75%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(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 2.5(b2.4(b), the principal amount outstanding under each the Term Loan Advance Advances shall accrue interest at a floating per annum rate equal to the greater of (A) two and three quarters one-quarter of one percent (2.752.25%) above the Prime RateRate 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%), which interest interest, in each case, shall be payable monthly in accordance with Section 2.5(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 2.5(b2.4(b), the principal amount outstanding under each the Term Loan Advance Advances shall accrue interest at a floating per annum rate equal to the greater of (A) two and three quarters one-quarter of one percent (2.752.25%) above the Prime RateRate and (B) seven and one-half of one percent (7.50%), which interest interest, in each case, shall be payable monthly in accordance with Section 2.5(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 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters one quarter of one percent (2.752.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(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 2.5(b2.4(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters one-quarter of one percent (2.750.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d2.4(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (BigCommerce Holdings, Inc.)
Term Loan Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate fixed as of the Funding Date for such Term Loan Advance equal to the Prime Rate plus two and three quarters one-quarter of one percent (2.752.25%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(d) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Term Loan Advances. Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.5(b2.6(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two the greater of (A) the Prime Rate minus one percent (1.00%) and three quarters (B) four and one-quarter of one percent (2.754.25%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(d2.6(d) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.750.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d2.3(f) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate fixed as of the Funding Date for such Term Loan Advance equal to the Prime Rate plus two and three quarters one-half of one percent (2.752.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(d) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Term Loan Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to two five and three quarters one half of one percent (2.755.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(d2.3(e) below.
Appears in 1 contract
Term Loan Advances. Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) the Prime Rate minus one and three quarters of one percent (1.75%) and (B) two and three quarters of one percent (2.75%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(d) below2.5(b)below.
Appears in 1 contract
Samples: Loan and Security Agreement (ShockWave Medical, Inc.)
Term Loan Advances. Subject to Section 2.5(b2.8(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) two and three quarters of one percent (2.752.0%) above the Prime RateRate and (B) seven and one-quarter of one percent (7.25%), which interest shall be payable monthly in accordance with Section 2.5(d2.8(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Oaktree Acquisition Corp.)
Term Loan Advances. Subject to Section 2.5(b2.4(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two the greater of (A) six and three quarters one half of one percent (2.756.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.5(d2.4(e) below.”
4. The Credit Agreement is amended by deleting the following, appearing as Section 3.3(b) thereof:
Appears in 1 contract
Samples: Credit and Security Agreement (Flexion Therapeutics Inc)
Term Loan Advances. Subject to Section 2.5(b2.4(b), the principal amount outstanding under each Term Loan Advance Advances shall accrue interest on the principal amount thereof at the greater of (i) a floating per annum rate equal to two and three quarters of one percent percentage point (2.750.75%) above the Prime Rate, or (ii) a fixed per annum rate equal to four percentage points (4.00%) which interest shall be payable monthly in accordance with Section 2.5(d2.4(d) below.”
Appears in 1 contract
Term Loan Advances. Subject to Section 2.5(b2.3(b), the principal amount of all Term Loan Advances outstanding under each Term Loan Advance this Agreement shall accrue interest at a floating per annum rate equal to the sum of (a) two and three quarters of one percent (2.752.0%), plus (b) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Crossroads Systems Inc)
Term Loan Advances. Subject to Section 2.5(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to two eleven and three quarters one half of one percent (2.7511.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.5(d2.3(c) below.
Appears in 1 contract
Samples: Mezzanine Loan and Security Agreement (MaxPoint Interactive, Inc.)
Term Loan Advances. Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.751.00%) above below the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d) below.”
Appears in 1 contract
Term Loan Advances. Subject to Section 2.5(b), the principal amount outstanding under each the Term Loan Advance Advances shall accrue interest at a floating per annum rate equal to two the greater of (A) the Prime Rate and three quarters of one (B) five percent (2.755.0%) above the Prime Rate), which interest shall be payable monthly in arrears in accordance with Section 2.5(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Interpace Biosciences, Inc.)
Term Loan Advances. Subject to Section 2.5(b2.4(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two the greater of (A) six and three quarters one half of one percent (2.756.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.5(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 2.5(b2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three three-quarters of one percent percentage point (2.750.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d) belowquarterly.
Appears in 1 contract
Samples: Loan Modification Agreement (Elron Electronic Industries LTD /Ny/)
Term Loan Advances. Subject to Section 2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to two and three quarters of one percent (2.751.00%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.5(d) below.
Appears in 1 contract
