BORROWING AND INTEREST RATE. In consideration of all loans and advances --------------------------- ("Advances") from time to time made by BANK OF THE WEST (the "Lender") to or for the benefit of the undersigned (alternatively, collectively, jointly and severally the "Borrower") pursuant to the Loan Agreement of even date herewith (collectively the "Loan Agreement"), Borrower promises to pay Lender, or order, at 00 Xxxx Xxx Xxxxxxxx Xxxxxx, Second Floor, South Bay Business Banking Group, San Jose, California on the dates and in the manner hereinafter set forth, all outstanding Advances, plus any interest thereon then unpaid, at the rate (the "Equipment Purchase Line A Rate") of one quarter of one percentage point (0.25%) per year in excess of the Prime Rate (as hereinafter defined), which Equipment Purchase Line A Rate shall vary concurrently with any change in the Prime Rate. For the purpose of this Note, the "Prime Rate" shall mean the variable rate of interest, per annum, most recently announced by Lender at its headquarters office in San Francisco, California, as its "prime rate." The undersigned understands that Lender's "prime rate" is one of its base rates with respect to loans making reference thereto and may not be the lowest of Lender's base rates. Interest shall be computed on the outstanding principal balance on the basis of three hundred sixty (360) days per year and actual days elapsed.
BORROWING AND INTEREST RATE. In consideration of the loan and advance of credit in the amount set forth above made by Bank of the West (the "Bank") to or for the benefit of Micrel Incorporated (the "Borrower") pursuant to that certain Loan and Security Agreement between Borrower and Bank dated March 8, 2000 (the "Loan Agreement"), Borrower promises to pay Bank, or order, at Xxx Xxxxx Xxxxxx Xxxxxx, Xxxxx 000, Xxxxx Xxx Business Banking Group, Xxx Xxxx, Xxxxxxxxxx 00000 on the dates and in the manner hereinafter set forth, the principal amount set forth above, plus any interest thereon at the Applicable Term Loan "A" Rate (as hereinafter defined), and all Bank Expenses. Interest shall be computed on the outstanding amount from time to time owing by Borrower to Bank under this Note on the basis of three hundred sixty (360) days per year and actual days elapsed.
BORROWING AND INTEREST RATE. In consideration of the loan and advance of credit in the amount set forth above made by Bank of the West (the "Bank") to or for the benefit of Micrel Incorporated (the "Borrower") pursuant to that certain Loan and Security Agreement between Borrower and Bank dated June 29, 2001 (collectively, the "Loan Agreement"), Borrower promises to pay Bank, or order, at Two North Second Street, Sxxxx 000, Xxxxx Xxx Xxxxxxxx Xxxxxxx Xxxxx, Xan Jose, California 95113 xx xxx xxxxx xxx xx xxx xanner hereinafter set forth, the principal amount set forth above, plus any interest thereon at the Applicable Equipment Purchase Facility "A" Rate (as hereinafter defined), and all Bank Expenses. Interest shall be computed from the date funds are advanced under this Note (the "Funding Date") and thereafter on the outstanding amount from time to time owing by Borrower to Bank under this Note on the basis of three hundred sixty (360) days per year and actual days elapsed.
