Common use of Term Loan II Clause in Contracts

Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of the Term Loan II shall accrue interest at a fixed rate equal to 6.25%, which interest is payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Extend Health Inc)

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Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of the outstanding under Term Loan II shall accrue interest at a fixed per annum rate equal to 6.25nine percent (9.0%), which interest is shall be payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Iwatt Inc)

Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of outstanding under the Term Loan II shall accrue interest at a fixed per annum rate equal to 6.25two and three-quarters percentage points (2.75%) above the Prime Rate, which interest is shall be payable monthlymonthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan Agreement (Netlist Inc)

Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of outstanding under the Term Loan II shall accrue interest at a fixed per annum rate equal to 6.257.5%, which interest is payable monthly.

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

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Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of the outstanding under Term Loan II shall accrue interest at a fixed per annum rate equal to 6.25%2.5 percentage points above the Prime Rate; provided, which however, after Borrower achieves, if ever, two consecutive fiscal quarters (beginning with any fiscal quarter ending after the Effective Date) of profitability, then the amounts outstanding under the Revolving Line shall accrue interest is payable monthlyat a per annum rate equal to 1.75 percentage points above the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

Term Loan II. Subject to Section 2.3(b), the outstanding principal amount of outstanding under the Term Loan II shall accrue interest at a fixed per annum rate equal to 6.25two and one-half percentage points (2.50%) above the Prime Rate, which interest is shall be payable monthlymonthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan Agreement (Netlist Inc)

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