Common use of Adjustment to Interest Rate Clause in Contracts

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 511 contracts

Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Contineum Therapeutics, Inc.), Loan and Security Agreement (KORU Medical Systems, Inc.)

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Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the WSJ Prime Rate shall be effective on the effective date of any change to the WSJ Prime Rate and to the extent of any such change.

Appears in 5 contracts

Samples: Loan and Security Agreement (Tubemogul Inc), Loan and Security Agreement (Tubemogul Inc), Loan and Security Agreement (GOOD TECHNOLOGY Corp)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension (accruing interest at the Prime Rate) based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 3 contracts

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

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Fate Therapeutics Inc)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date Closing Date of any change to the Prime Rate and to the extent of any such change.

Appears in 2 contracts

Samples: Credit and Security Agreement (Flexion Therapeutics Inc), Credit and Security Agreement (Flexion Therapeutics Inc)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the floating Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 2 contracts

Samples: Loan and Security Agreement (Root, Inc.), Loan and Security Agreement (Root Stockholdings, Inc.)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. Bank will provide notice of changes to the Prime Rate in accordance with its ordinary course delivery of its loan account statements to Borrower.

Appears in 2 contracts

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

Adjustment to Interest Rate. Changes With respect to Credit Extensions that have a floating interest rate, changes to the interest rate of any such Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change."

Appears in 2 contracts

Samples: Loan Modification Agreement (A123 Systems, Inc.), Loan Modification Agreement (A123 Systems, Inc.)

Adjustment to Interest Rate. Changes to the interest rate of applicable to any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 2 contracts

Samples: Loan and Security Agreement (Corium International, Inc.), Loan and Security Agreement (Corium International, Inc.)

Adjustment to Interest Rate. Changes to the interest rate of any applicable to Credit Extension Extensions based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 2 contracts

Samples: Loan and Security Agreement (Minerva Surgical Inc), Loan and Security Agreement (Vapotherm Inc)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. For the avoidance of doubt, such changes shall not apply to the Growth Capital Advance, the interest rate for which shall remain fixed for the term hereof after the Effective Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Advanced BioHealing Inc), Loan and Security Agreement (Advanced BioHealing Inc)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Basic Rate shall be effective on the effective date of any change to the Prime Basic Rate and to the extent of any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (aTYR PHARMA INC)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change...

Appears in 1 contract

Samples: Loan and Security Agreement (Aspen Aerogels Inc)

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Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Luca Technologies Inc)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to other than the Prime Rate Term Loan shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Luca Technologies Inc)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate, the Base Rate or the Euro Base Rate shall be effective on the effective date of any change to the Prime Rate, the Base Rate or the Euro Base Rate and to the extent of any such change.

Appears in 1 contract

Samples: Loan Agreement (Mimecast LTD)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. Bank shall use its best efforts to give Borrower prompt notice of any such change in the Prime Rate; provided, however, that any failure by Bank to provide Borrower with notice hereunder shall not affect Bank’s right to make changes in the interest rate of the Prime Rate Credit Extensions based on changes in the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Axcelis Technologies Inc)

Adjustment to Interest Rate. Changes to the interest rate of ---------------------------- any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 1 contract

Samples: Loan and Security Agreement (Concurrent Computer Corp/De)

Adjustment to Interest Rate. Changes With respect to Credit Extensions that have a floating interest rate, changes to the interest rate of any such Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 1 contract

Samples: Loan Modification Agreement (A123 Systems, Inc.)

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Applicable Rate shall be effective on the effective date of any change to the Prime Applicable Rate and to the extent of any such change.

Appears in 1 contract

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

Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate or WSJ Prime Rate shall be effective on the effective date of any change to the Prime Rate or WSJ Prime Rate, as applicable, and to the extent of any such change.. 918981.5

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Turbine, Inc.)

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