Common use of Term Loan Clause in Contracts

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or (B) 5.00%.

Appears in 3 contracts

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

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Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance Daily Balance thereof, at a variable annual rate equal to the greater of: two and one half percent (A2.5%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (IBEX LTD), Loan and Security Agreement (IBEX LTD)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan Loan(s) shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or and (B) 5.004.75%.

Appears in 2 contracts

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

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.250.50% above the Prime Rate then in effect; or (B) 5.004.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Ekso Bionics Holdings, Inc.)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate per annum equal to the greater of: (A) 0.250.50% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Disbursement Instructions (Vastera Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable an annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or (B) 5.001.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Anthera Pharmaceuticals Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: one and one quarter percent (A1.25%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance Daily Balance thereof, at a variable annual per annum rate equal to two and one quarter percent (2.25%) plus the greater of: of (Ax) 0.25% above the Prime Rate then in effect; or (By) 5.00four and three quarters percent (4.75%).

Appears in 1 contract

Samples: Loan and Security Agreement (Identiv, Inc.)

Term Loan. Except as set forth in Section 2.3(b2.2(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable floating annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or (B) 5.00%.

Appears in 1 contract

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

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance Daily Balance thereof, at a variable annual rate equal to the greater of: one half of one percent (A0.50%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiodynamics International Corp)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: one percent (A1.00%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Orange 21 Inc.)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance Daily Balance thereof, at a variable annual rate equal to the greater of: one percent (A1.00%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate."

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiodynamics International Corp)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, thereof at a variable annual fixed rate equal to the greater of: four and seventeen-hundredths of one percent (A) 0.25% above the Prime Rate then in effect; or (B) 5.004.17%).

Appears in 1 contract

Samples: Loan and Security Agreement (Berkeley Lights, Inc.)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at Borrowers’ election, at a variable annual rate per annum equal to the greater of: (A) 0.250.75% above the Prime Rate then Rate, or as set forth in effect; or (B) 5.00%the LIBOR Addendum to Loan and Security Agreement, dated as of even date herewith, executed by Borrowers and Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Jamdat Mobile Inc)

Term Loan. Except as set forth in Section 2.3(b2.2(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.250.95% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual fixed per annum rate equal to the greater of: two and one-half percent (A2.50%) 0.25% above the Prime Rate then in effect; or (B) 5.00%fixed on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cas Medical Systems Inc)

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Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: one percent (A1.00%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate."

Appears in 1 contract

Samples: Loan and Security Agreement (Vitalstream Holdings Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual fixed per annum rate equal to the greater of: two and one-quarter percent (A2.25%) 0.25% above the Prime Rate then in effect; or (B) 5.00%fixed on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cas Medical Systems Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or (B) 5.004.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Ekso Bionics Holdings, Inc.)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: one and one half percent (A1.50%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate."

Appears in 1 contract

Samples: Loan and Security Agreement (Spy Optic Inc)

Term Loan. Except as set forth in Section 2.3(b2.2(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual per annum rate equal to the greater of: (A) 0.251% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Evolving Systems Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: one percent (A1.00%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate."

Appears in 1 contract

Samples: Loan and Security Agreement (Spy Optic Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or and (B) 5.004.75%.

Appears in 1 contract

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

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: two percent (A2.00%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Artes Medical Inc)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, interest on the outstanding daily balance thereof, thereof at a variable annual rate equal to the greater of: (A) 0.25% above the Prime Rate then in effect; or (B) 5.00%rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Orange 21 Inc.)

Term Loan. Except as set forth in Section 2.3(b), the Term Loan shall bear interest, on the outstanding daily balance Daily Balance thereof, at a variable annual rate equal to the greater of: one percent (A1.0%) 0.25% above the Prime Rate then in effect; or (B) 5.00%Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Implant Sciences Corp)

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