Common use of Advances Clause in Contracts

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 5 contracts

Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.), Second Loan Modification Agreement (Global Telecom & Technology, Inc.)

AutoNDA by SimpleDocs

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, X) the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to aggregate of the Prime Rate plus one and three-fourths of one percent (1.001.75%) and (Y) seven percent (7.00%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 5 contracts

Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.), And Security Agreement (Stereotaxis, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 3 contracts

Samples: Loan and Security Agreement (Cyan Inc), Loan and Security Agreement (Cyan Inc), Loan and Security Agreement (AtriCure, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and three quarters percentage points (1.75%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 3 contracts

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

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent percentage point (1.00%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 3 contracts

Samples: Loan and Security Agreement (Zoosk, Inc), Loan and Security Agreement (Zoosk, Inc), Loan and Security Agreement (Zoosk, Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to i) the Prime Rate plus one percent (1.00%) or (ii) four and one-quarter of one percent (4.25%). Such , which interest shall in any event be payable monthly, monthly in arrears, arrears in accordance with Section 2.3(f2.3(d) below.

Appears in 3 contracts

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

Advances. Subject to Section 2.3(b2.6(c), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate Rate, plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus three quarters of one percent (1.000.75%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.6(f) below.

Appears in 3 contracts

Samples: Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the greater of (i) one half of one percentage point (0.50%) above the Prime Rate plus two percent Rate, or (2.00ii) five and one quarter percentage points (5.25%); provided, howeverwhich interest shall, during a Performance Pricing Periodin each case, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.

Appears in 3 contracts

Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and one half of one percentage point (1.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 3 contracts

Samples: Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.)

Advances. Subject to Section 2.3(b), the outstanding principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus three-quarters of one percent (1.000.75%). Such , which interest shall in any event be payable monthly, monthly in arrears, arrears in accordance with Section 2.3(f2.3(d) below.

Appears in 3 contracts

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

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one half of one percentage point (0.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 3 contracts

Samples: Loan and Security Agreement (Nebula Caravel Acquisition Corp.), Loan and Security Agreement (Instructure Inc), Loan and Security Agreement (Instructure Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and one-half of one percentage points (1.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 3 contracts

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

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent one and one-quarter percentage points (2.001.25%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 3 contracts

Samples: Fourth Loan Modification Agreement (Bridgeline Digital, Inc.), Second Loan Modification Agreement (Luna Innovations Inc), Eighth Loan Modification Agreement (Bridgeline Digital, Inc.)

Advances. Subject to Section 2.3(b2.7(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.7(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.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and one half of one percentage point (1.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:

Appears in 3 contracts

Samples: Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.)

Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus A) five and one half of one percent (1.005.50%). Such interest ) and (B) the Prime Rate, which interest, in each case, shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.

Appears in 3 contracts

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

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of the (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the i) Prime Rate plus one percent (1.00%) and (ii) four and one-quarter percent (4.25%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 3 contracts

Samples: Senior Loan and Security Agreement (Mavenir Systems Inc), Senior Loan and Security Agreement (Mavenir Systems Inc), Loan and Security Agreement (Mavenir Systems Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent percentage points (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus one percent (1.00%). Such Rate, which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (NxStage Medical, Inc.), Loan and Security Agreement (NxStage Medical, Inc.)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such ; provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half of one percent (0.50%), which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (ECPM Holdings, LLC), Loan and Security Agreement (ECPM Holdings, LLC)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and one-half of one percentage point (1.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.” and inserting in lieu thereof the following:

Appears in 2 contracts

Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent percentage point (1.00%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below).

Appears in 2 contracts

Samples: Loan and Security Agreement (Sequenom Inc), Loan and Security Agreement (Hansen Medical Inc)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one percentage point (1.0%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.

Appears in 2 contracts

Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to greater of [*] above the Prime Rate plus one percent (1.00%). Such and [*], which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Acell Inc), First Loan Modification Agreement (Acell Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such ; provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half of one percent (0.50%), which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.” and inserting in lieu thereof the following:

Appears in 2 contracts

Samples: First Loan Modification and Waiver Agreement (ECPM Holdings, LLC), First Loan Modification and Waiver Agreement (ECPM Holdings, LLC)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to two and one half percentage points (2.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (Cardiac Science CORP)

Advances. Subject to Section 2.3(b2.6(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent percentage point (1.00%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.6(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Twist Bioscience Corp), Loan and Security Agreement (Twist Bioscience Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to 125 basis points (1.25%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Yodlee Inc), Loan and Security Agreement (Yodlee Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate Rate, plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one half of one percent (1.001.50%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (eASIC Corp), Loan and Security Agreement (eASIC Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to 150 percentage points (1.5%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Yodlee Inc), Loan and Security Agreement (Yodlee Inc)

Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to three quarters of one percent (0.75%) above the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

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

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.

Appears in 2 contracts

Samples: Sixth Loan Modification Agreement (Satcon Technology Corp), Fifth Loan Modification Agreement (Satcon Technology Corp)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, monthly in arrears, in accordance with Section 2.3(f) belowarrears on the first day of each month.

Appears in 2 contracts

Samples: Loan and Security Agreement (ConforMIS Inc), Loan and Security Agreement (ConforMIS Inc)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one-half of one percentage point (0.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.

Appears in 2 contracts

Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one quarter of one percent (1.000.25%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Danger Inc), Loan and Security Agreement (Yodle Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and one-quarter percent (2.002.25%); provided, however, during a Performance Pricing Periodthat from and after the occurrence of the EBITDA Event, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one-quarter percent (1.001.25%). Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Ninth Loan Modification and Waiver Agreement (Bridgeline Digital, Inc.), Eighth Loan Modification Agreement (Bridgeline Digital, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and three-quarters percent (2.002.75%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-quarters percent (1.001.75%). Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Second Loan Modification Agreement (Global Telecom & Technology, Inc.), Joinder and Second Loan Modification Agreement (Global Telecom & Technology, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ev3 Inc.), Loan and Security Agreement (Sunrise Telecom Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate Rate, plus two four percent (2.004.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (Splunk Inc)

Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent percentage point (1.00%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Workiva LLC), Loan and Security Agreement (Workiva LLC)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one percentage point (1.0%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.” and inserting in lieu thereof the following:

Appears in 2 contracts

Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of one-half of one percentage point (2.000.50%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) below the Prime Rate plus one or two and three-quarters percent (1.002.75%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intermolecular Inc), Loan and Security Agreement (Intermolecular Inc)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(e) below.

Appears in 2 contracts

Samples: Fifth Loan Modification Agreement (Aegerion Pharmaceuticals, Inc.), Loan Modification Agreement (Aegerion Pharmaceuticals, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate Rate, plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one-half of one percent (1.001.50%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Apigee Corp), Loan and Security Agreement (Apigee Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.001.0%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Twilio Inc), Loan and Security Agreement (Twilio Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent one and three-quarters of one percentage points (2.001.75%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus (which shall be reduced to one-half of one percent percentage point (1.00.50%) above the Prime Rate, beginning on the first Payment Date following the occurrence of the Profitability Event). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Voxware Inc), Second Loan Modification Agreement (Voxware Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and one-quarter percentage points (1.25%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vericel Corp), Loan and Security Agreement (Vericel Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to 0.75 percentage points above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Strasbaugh), Loan and Security Agreement (Strasbaugh)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent percentage point (1.00%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 2 contracts

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

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one quarter of one percent (1.001.25%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tufin Software Technologies Ltd.), Loan and Security Agreement (Tufin Software Technologies Ltd.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.001.0%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthaxis Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00i) one percentage point (1.0%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus one percent Rate, or (1.00ii) 4.25%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Extend Health Inc)

Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus A) four and three-quarters of one percent (1.004.75%). Such , and (B) three quarters of one percentage point (0.75%) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(g) below.

Appears in 1 contract

Samples: Fifth Loan Modification Agreement (GAIN Capital Holdings, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to 2.0 percentage points above the Prime Rate plus two percent (2.00%); providedRate, howeverprovided that the interest rate in effect on any day shall not be less than 6.0% per annum, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, in accordance with . Said Section 2.3(f2.3(a)(i) below.is hereby amended to read as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiovascular Systems Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one percentage point (1.0%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Axcelis Technologies Inc)

Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to three-quarters of one percentage point (0.75%) above the Prime Rate plus two percent (2.00%)Rate; provided, however, during a Performance Pricing Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one-quarter of one percentage point (0.25%) above the Prime Rate plus one percent (1.00%). Such Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Outbrain Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00i) one percentage point (1.0%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus one percent or (1.00ii) five percentage points (5.0%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Luna Innovations Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one quarter of one percentage point (0.25%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Third Loan Modification Agreement (Salary. Com, Inc.)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus three-quarters of one percent (1.000.75%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(e) below.

Appears in 1 contract

Samples: Loan Modification Agreement (Appian Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-quarters of one percent (1.001.75%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalara Inc)

Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one percent (1.00%) above the Prime Rate plus two percent (2.00%)Rate; provided, however, provided that during a Performance Pricing Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such Rate, which interest shall in any event each case be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (MaxPoint Interactive, Inc.)

AutoNDA by SimpleDocs

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.001.0%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(c) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to 1.25% percentage points above the Prime Rate plus two percent (2.00%); providedRate, howeverprovided that the interest rate in effect on any given day shall not be less than 8.50% per annum, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 1 contract

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

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent less one and one-quarter of one percentage point (2.001.25%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (LTX Corp)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Castlight Health, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus three-quarters of one percent (1.000.75%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to i) the Prime Rate plus three quarters of one percent (1.000.75%) or (ii) four and three quarters of one percent (4.75%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Splunk Inc)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one half of one percentage point (0.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) belowmonthly on the last day of each month.

Appears in 1 contract

Samples: Loan and Security Agreement (Dexcom Inc)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half of one percent (1.000.50%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, monthly in arrears, arrears in accordance with Section 2.3(f2.5(d) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Joinder and Second Loan Modification Agreement (Interpace Biosciences, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent one and three-quarters percentage points (2.001.75%); provided, however, provided that during a Performance Pricing Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such Rate, which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Real Goods Solar, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) belowRate.

Appears in 1 contract

Samples: Loan and Security Agreement (Extend Health Inc)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such ) below the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Zuora Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent one and one-quarter of one percentage points (2.001.25%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus (which shall be reduced to one-half of one percent percentage points (1.00.50%) above the Prime Rate, upon the occurrence of the Profitability Event). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Voxware Inc)

Advances. Subject to Section 2.3(b), effective as of January 1, 2011 and thereafter, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one-half of one percentage point (0.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Second Loan Modification Agreement (NxStage Medical, Inc.)

Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to three quarters of one percentage point (0.75%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Fifth Loan Modification Agreement (GAIN Capital Holdings, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one half of one percent (1.001.5%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Cancer Genetics, Inc)

Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus A) four and three-quarters of one percent (1.004.75%). Such , and (B) three quarters of one percentage point (0.75%) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Sixth Loan Modification Agreement (GAIN Capital Holdings, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the applicable Prime Rate plus one percent (1.00%). Such Margin for each Borrower, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Overland Storage Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalara Inc)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one half of one percent (1.001.50%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Iridex Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent percentage points (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus one percent (1.00%). Such Rate, which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: First Loan Modification Agreement (NxStage Medical, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent four and three-quarters percentage points (2.004.75%); provided, however, provided that during a Performance Pricing Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent two percentage points (1.002.00%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Joinder and Fourth Loan Modification Agreement (Real Goods Solar, Inc.)

Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one and one-half percent (1.50%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Sprout Social, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two greater of one quarter of one percent (2.000.25%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus one percent (1.00or 6.25%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Motive Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent and three-quarters percentage points (2.002.75%); provided, however, provided that during a Performance Pricing Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such Rate, which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Second Loan Modification and Reinstatement Agreement (Real Goods Solar, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to i) the Prime Rate plus one three percentage points (3.00%) and (ii) seven percent (1.007.00%). Such ) which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Real Goods Solar, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to 1.25 percentage points above the Prime Rate plus two percent (2.00%); providedRate, howeverprovided that the interest rate in effect on any day shall not be less than 4.50% per annum, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, in accordance with . Said Section 2.3(f2.3(a)(i) below.is hereby amended to read as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiovascular Systems Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than the Non-formula Sublimit) shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half of one percent (1.000.50%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.

Appears in 1 contract

Samples: Eighth Loan Modification Agreement (Satcon Technology Corp)

Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such ; provided, that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-quarter of one percent (0.25%), which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.

Appears in 1 contract

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

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one quarter of one percentage point (0.25%) above the Prime Rate plus two percent (2.00%); providedRate, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.:

Appears in 1 contract

Samples: Loan and Security Agreement (SALARY.COM, Inc)

Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent less one and one-quarter of one percentage point (2.001.25%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.” and inserting in lieu thereof the following

Appears in 1 contract

Samples: First Loan Modification Agreement (LTX-Credence Corp)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00A) one and one half of one percentage points (1.50%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus and (B) six and one half of one percent (1.006.50%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Chyron Corp)

Advances. Subject to Section 2.3(b2.6(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half of one percent (1.000.50%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.6(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Castlight Health, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two one and one-half percent (2.001.50%); provided, however, that during a Performance Pricing Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one percent (1.00%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one-quarter of one percent (1.001.25%). Such , which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent sum of (2.00%); provided, however, during a Performance Pricing Period, i) the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to greater of (A) the Prime Rate plus one or (B) four percent (1.004%). Such , plus (ii) the Applicable Margin, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Beceem Communications Inc)

Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half of one percent (1.000.50%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, monthly in arrears, arrears in accordance with Section 2.3(f2.5(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Interpace Biosciences, Inc.)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus and three-quarters of one percent (1.002.75%). Such ) above the Prime Rate, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Ooma Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two greater of (A) one half of one percent (2.000.50%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to ) above the Prime Rate plus one percent and (1.00B) 4.0%). Such , which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Sajan Inc)

Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percent greater of (2.00%); provided, however, during a Performance Pricing Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to i) the Prime Rate plus one percent or (1.00ii) five percentage points (5.00%). Such , in either case, which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.