Term Loan Advances. Except as set forth in Section 2.3(b), the Term Loan Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the greater of (A) one half of one percent (0.50%) above the Prime Rate or (B) five and one half percent (5.50%).
Appears in 2 contracts
Samples: Loan and Security Agreement (Inari Medical, Inc.), Loan and Security Agreement (Inari Medical, Inc.)
Term Loan Advances. Except as set forth in Section 2.3(b), the Term Loan Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the greater of (A) one half of one three-quarters percent (0.500.75%) above the Prime Rate or and (B) five four and one half three quarters percent (5.504.75%).
Appears in 1 contract
Samples: Loan and Security Agreement (Silk Road Medical Inc)
Term Loan Advances. Except as set forth in Section 2.3(b), the Term Loan Advances shall bear interest, on the outstanding Daily Balance thereof, at a fixed rate per annum equal to the greater of (A) one half of one six percent (0.50%) above the Prime Rate or (B) five and one half percent (5.506.00%).
Appears in 1 contract
Samples: Loan and Security Agreement (Rainmaker Systems Inc)
Term Loan Advances. Except as set forth in Section 2.3(b), the Term Loan Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the greater of (A) one half of one three-quarters percent (0.500.75%) above the Prime Rate or (B) five and one half percent (5.50%)Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Silk Road Medical Inc)
Term Loan Advances. Except as set forth in Section 2.3(b), the Term Loan Advances shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the greater of (A) one half of one percent (0.50%) above the Prime Rate or (B) five and one half percent (5.506.00%).
Appears in 1 contract
