Term Loan. Subject to Section 2.7(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)
Term Loan. Subject to Section 2.7(b), (A) the principal amount outstanding under the Term Loan A shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) below and (B) the principal amount outstanding under the Term Loan B shall accrue interest at a floating per annum rate equal to five and one-quarter of one percent (5.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) below.”
Appears in 3 contracts
Samples: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent five percentage points (0.255.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
Appears in 2 contracts
Samples: Loan and Security Agreement (Energy & Power Solutions, Inc.), Loan and Security Agreement (Energy & Power Solutions, Inc.)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) 0.25 percentage points above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ultra Clean Holdings Inc), Loan and Security Agreement (Ultra Clean Holdings Inc)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under of the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of the Prime Rate plus one percent (0.251.00%) above the Prime Rateper annum, which interest shall be payable monthly in accordance with Section 2.7(d2.3(f) below.”
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to two and one-quarter of one percent half percentage points (0.252.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d2.3(f) below.
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Samples: Loan Documents (Netlist Inc)
Term Loan. Subject to Section 2.7(b2.6(b), the principal amount outstanding under for the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of the Prime Rate minus one percent (0.251.00%) above but not less than zero percent (0%). Interest on the Prime Rate, which interest Term Loan shall be payable monthly in accordance with Section 2.7(d2.4(b) belowabove.
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Samples: Loan and Security Agreement (Castlight Health, Inc.)
Term Loan. Subject to Section 2.7(b2.3(b), the outstanding principal amount outstanding under the of each Term Loan Advance shall accrue interest at a floating per annum rate equal to one-quarter of one four percent (0.254.00%) above the Prime Rate, which interest . Interest shall be payable monthly in accordance with Section 2.7(d2.3(d) below.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter half of one percent percentage point (0.250.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the aggregate of the Prime Rate plus five and one-quarter half of one percent (0.255.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.7(d2.1.2(a) belowabove.
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Term Loan. Subject to Section 2.7(b2.3(c), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) above the Prime RateRate plus the Prime Rate Margin or the LIBOR Rate plus the LIBOR Rate Margin, which interest shall be payable monthly in accordance with Section 2.7(d) belowas the case may be.
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Samples: Loan and Security Agreement (GAIN Capital Holdings, Inc.)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) 1.50% percentage points above the Prime Rate, which interest shall be payable monthly monthly. is hereby amended in accordance with Section 2.7(d) below.its entirety to read as follows:
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter the greater of one (a) zero percent (0.250.00%) above or (b) the Prime RateRate minus two percent (2.00%), which interest shall be payable monthly in accordance with Section 2.7(d) below2.1.5(b).
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-the greater of one quarter of one percent (0.25%) percentage point above the Prime RateRate or 8.25%, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent percentage point (0.251.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the any Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and one-quarter of one half percent (0.252.50%) above the Prime Rate), which interest shall be payable monthly monthly, in arrears, in accordance with Section 2.7(d2.3(g) below.” and inserting the following in lieu thereof:
Appears in 1 contract
Samples: Sixth Loan Modification Agreement (Satcon Technology Corp)
Term Loan. Subject to Section 2.7(b2.5(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.251.00%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d2.5(e) below.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter the greater of (i) one half of one percent percentage points (0.251.50%) above the Prime RateRate or (ii) five and one half of one percentage points (5.50%), which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) 1.25% percentage points above the Prime Rate, provided that the interest rate in effect on any given day shall not be less than 8.50% per annum, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under for the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter half of one percent (0.25%.50) percentage point above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.”
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of the greater of: (i) one percent percentage point (0.251.0%) above the Prime Rate, or (ii) eight and three-quarters of one percent (8.75%), which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to onethe Prime Rate plus one and three-quarter of one quarters percent (0.251.75%) above the Prime Rate), which interest shall be payable monthly monthly, in arrears, in accordance with Section 2.7(d2.1.5. 3 The Loan Agreement shall be amended by deleting the following text appearing as Section 6.2(a)(vi) below.thereof:
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Samples: Fourth Loan Modification Agreement (Bridgeline Digital, Inc.)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) percentage point above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to two and one-quarter of one percent percentage points (0.252.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d2.3(f) below.
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Term Loan. Subject to Section 2.7(b2.2(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-the greater of (A) two and one quarter of one percent (0.252.25%) above below the Prime RateRate or (B) three and one quarter of one percent (3.25%), which interest shall be payable monthly in accordance with Section 2.7(d2.2(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Sunesis Pharmaceuticals Inc)
Term Loan. Subject to Section 2.7(b2.2(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-the Prime Rate less one and one quarter of one percent percentage point (0.251.25%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.7(d2.2(f) below.
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Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter of one percent (0.25%) 1.50% percentage points above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
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Term Loan. Subject to Section 2.7(b2.4(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-quarter half of one percent percentage point (0.250.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to one-one quarter of one percent (0.25%) percentage point above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d) belowmonthly; provided, however, that during each Adjustment Period, interest shall accrue at a floating per annum rate equal to one and one half percentage point above the Prime Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (BigBand Networks, Inc.)
Term Loan. Subject to Section 2.7(b2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to two and one-quarter of one percent percentage points (0.252.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.7(d2.3(f) below." and inserting in lieu thereof the following:
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