Common use of Term Loan Interest Rate Clause in Contracts

Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

Appears in 8 contracts

Samples: Loan and Security Agreement (Geron Corp), Loan and Security Agreement (Geron Corp), Loan and Security Agreement (Kaleido Biosciences, Inc.)

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Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at in an amount equal to the product of the outstanding Term Loan principal balance multiplied by the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

Appears in 6 contracts

Samples: Loan and Security Agreement (BiomX Inc.), Loan and Security Agreement (BICYCLE THERAPEUTICS PLC), Loan and Security Agreement (Urovant Sciences Ltd.)

Term Loan Interest Rate. The principal balance of the Term Loan shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

Appears in 2 contracts

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc)

Term Loan Interest Rate. The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at in an amount equal to the product of the outstanding Term Loan principal balance multiplied by the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate set forth in this Agreement will float and change on the day the prime rate changes from time to time.

Appears in 2 contracts

Samples: Loan and Security Agreement (ATAI Life Sciences N.V.), Loan and Security Agreement (ATAI Life Sciences N.V.)

Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at in an amount equal to the product of the outstanding Term Loan principal balance multiplied by the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

Appears in 1 contract

Samples: Joinder Agreement (Mesoblast LTD)

Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at in an amount equal to the product of the outstanding Term Loans principal balance multiplied by the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Myovant Sciences Ltd.)

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Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Akero Therapeutics, Inc.)

Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at in an amount equal to the product of the outstanding Term Loans principal balance multiplied by the Term Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate changes from time to time.. (d)

Appears in 1 contract

Samples: Loan and Security Agreement

Term Loan Interest Rate. The principal balance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 360 three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed. The Term Loan Interest Rate will float and change on the day the prime rate Prime Rate changes from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Sight Sciences, Inc.)

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