Common use of Interest Rate Clause in Contracts

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter of one percent (6.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) seven and one-quarter of one percent (6.257.25%) and (ii) one and three-quarters of one percent (1.75%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each the Term Loan Advance Advances shall accrue interest at a floating per annum rate equal to six the greater of (i) seven percent (7.0%) and one(ii) three and three-quarter quarters of one percent (6.253.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I), Loan and Security Agreement (Social Capital Suvretta Holdings Corp. I)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one two percent (6.252.0%) above the Prime Rate, which interest shall be determined by Bank on the Funding Date of the applicable Term Loan Advance and shall be payable monthly in accordance with Section 2.2(d2.2(c) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blueprint Medicines Corp), Loan and Security Agreement (Blueprint Medicines Corp)

Interest Rate. Subject to Section 2.2(b), the principal amount of outstanding under each Term Loan Advance Advances shall accrue interest at a floating per annum rate of interest equal to six and one-quarter of one percent percentage point (6.251.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.2(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.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) the Prime Rate minus one percent (1.0%) and (ii) four and one-quarter of one percent (6.254.25%) above the Prime Rate), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pandion Therapeutics Holdco LLC), Loan and Security Agreement (Pandion Therapeutics Holdco LLC)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one eleven percent (6.2511.0%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.2(c) below.

Appears in 2 contracts

Samples: Mezzanine Loan and Security Agreement (Ooma Inc), Mezzanine Loan and Security Agreement (Ooma Inc)

Interest Rate. Subject to Section 2.2(b), the outstanding principal amount outstanding under of each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter fifth of one percent (6.250.20%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 2 contracts

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

Interest Rate. Subject to Section 2.2(b), the principal amount of outstanding under each Term Loan Advance Advances shall accrue interest at a floating per annum rate of interest equal to six and one-quarter of one percent percentage point (6.251.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.2(f) below.

Appears in 2 contracts

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance and the 2014 Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one two percent (6.252.0%) above the Prime Rate, which interest shall be determined by Bank on the Funding Date of the applicable Term Loan Advance and the 2014 Term Loan Advance and shall, in all cases, be payable monthly in accordance with Section 2.2(d2.2(c) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blueprint Medicines Corp), Loan and Security Agreement (Blueprint Medicines Corp)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each for the Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one five percent (6.255.0%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d) belowmonthly.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tracon Pharmaceuticals, Inc.), Loan and Security Agreement (Tracon Pharmaceuticals Inc)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) four percent (4.0%) and (ii) one and one-quarter half of one percent (6.251.50%) above below the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 2 contracts

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

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) nine and one-quarter five hundredths of one percent (6.259.05%) and (ii) five and eight-tenths of one percent (5.80%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Scynexis Inc)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (i) the Prime Rate plus three percent (3.00%) and (ii) six and one-quarter of one percent (6.25%) above the Prime Rate), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) one and one-quarter three- quarters of one percent (6.251.75%) above the Prime RateRate and (ii) five percent (5.0%), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (DiCE MOLECULES HOLDINGS, LLC)

Interest Rate. Subject to Section 2.2(b2.4(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and the greater of (A) one-quarter of one percent (6.250.25%) above the Prime RateRate and (B) five and three-quarters of one percent (5.75%), which interest shall be payable monthly in accordance with Section 2.2(d2.4(d) below.. (b)

Appears in 1 contract

Samples: Loan and Security Agreement (Alpine Immune Sciences, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one seven percent (6.257.0%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.2(c) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunshine Heart, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and the greater of (i) one-quarter half of one percent (6.250.50%) above the Prime RateRate and (ii) five and one-half of one percent (5.50%), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) seven and one-quarter of one percent (6.257.25%) and (ii) two and one-half of one percent (2.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Verrica Pharmaceuticals Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter of one percent half percentage point (6.250.5%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenon Pharmaceuticals Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) two and one-quarter half of one percent (6.252.50%) above the Prime RateRate or (ii) six and three-quarters of one percent (6.75%), which interest shall be payable monthly as provided in accordance with Section 2.2(d2.1.1(b) belowand (c).

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Biopharma Corp)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (A) seven and one-one half percentage points (7.50%) and (B) four and one quarter of one percent percentage points (6.254.25%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Alpha Healthcare Acquisition Corp.)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the greater of (A) one percent percentage point (6.251.00%) above the Prime RateRate and (B) four and one-quarter percentage points (4.25%), which interest shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Verona Pharma PLC)

Interest Rate. Subject to Section 2.2(b2.7(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one percent (6.25%) above the Prime Applicable Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.7(c) below.

Appears in 1 contract

Samples: 2020 Contingent Convertible Debt Agreement (BigCommerce Holdings, Inc.)

Interest Rate. Subject to Section 2.2(b2.1.2(f)(ii), the principal amount outstanding under of each Term Loan Advance outstanding shall accrue interest at a floating per annum rate equal to six and onethe Prime Rate plus three-quarter quarters of one percent (6.250.75%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.1.2(f)(v) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Vericel Corp)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six eleven and one-quarter one half of one percent (6.2511.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.3(c) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the greater of (i) one percent (6.251.0%) above and (ii) the Prime RateRate minus three percent (3.0%), which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. (i) Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) four percent (4.0%) and (ii) one and one-quarter half of one percent (6.251.50%) above below the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter half of one percent percentage point (6.250.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) belowarrears.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (A) nine percentage points (9.00%) and one-quarter of one percent (6.25B) five and three quarters percentage points (5.75%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) eight and one-quarter three quarters of one percent (6.258.75%) and (ii) five and one half of one percent (5.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Grove Collaborative Holdings, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) the Prime Rate plus one and one-quarter half of one percent (6.251.50%) above the Prime Rateand (ii) four and three-quarters of one percent (4.75%), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six one and one-quarter half of one percent (6.251.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Apellis Pharmaceuticals, Inc.)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the greater of one percent (6.25i) two percentage points (2.00%) above the Prime Rate, or (ii) five and one quarter percentage points (5.25%), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Biodesix Inc)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (i) the Prime Rate plus two percent (2.0%) and (ii) six and onethree-quarter quarters of one percent (6.256.75%) above the Prime Rate), which interest interest, in each case, shall be payable monthly in accordance with Section Sections 2.1.1(b) and 2.2(d) below).

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter of one two percent (6.252.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Dova Pharmaceuticals Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the Prime Rate minus three quarters of one percent (6.250.75%) above the Prime Rate), which provided that such interest rate shall not be less than zero (0). Interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Everspin Technologies Inc)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for (i) each Term Loan Advance shall accrue interest at a floating per annum rate equal to six four and one-half of one percent (4.50%) above the Prime Rate and (ii) the 2018 Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) two percent (2.00%) above the Prime Rate and (B) seven and one-quarter of one percent (6.257.25%) above the Prime Rate), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each 2023 Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the greater of one percent (6.25%A) above the Prime RateRate minus 0.25% and (B) 8.0%, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Homology Medicines, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each for the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and onethree-quarter quarters of one percent (6.250.75%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Collegium Pharmaceutical, Inc)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter half of one percent (6.250.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Selecta Biosciences Inc)

AutoNDA by SimpleDocs

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and onethree-quarter quarters of one percent percentage point (6.250.75%) above the Prime Rate, which interest shall be payable monthly quarterly.” and inserting in accordance with Section 2.2(d) below.lieu thereof the following:

Appears in 1 contract

Samples: First Loan Modification Agreement (Elron Electronic Industries LTD /Ny/)

Interest Rate. (i) Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one percent (6.25%) above the Prime Rate, which interest shall be determined by Bank on the Funding Date of the applicable Term Loan Advance and shall be payable monthly in accordance with Section 2.2(d2.2(e) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b2.1.2(e)(ii), the principal amount outstanding under each of the Term Loan Advance outstanding shall accrue interest at a floating per annum rate equal to six the Prime Rate plus one and one-quarter of one percent (6.251.25%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.1.2(e)(v) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) one and one-quarter one half of one percent (6.251.50%) above the Prime RateRate and (ii) six and one half of one percent (6.50%), which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Satsuma Pharmaceuticals, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six and one-quarter of one percent (6.25%) above the Prime Rate, which interest shall be determined by Bank on the Funding Date of the applicable Term Loan Advance and shall be payable monthly in accordance with Section 2.2(d2.2(e) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b2.7(b), the principal amount outstanding under each the Revolving Line, including the principal amount outstanding under the Existing Term Loan Advance Advances, shall accrue interest at a floating per annum rate equal to six and one-quarter of one percent (6.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.7(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Procore Technologies, Inc.)

Interest Rate. Subject to Section 2.2(b2.1.2(f)(ii), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating fixed per annum rate equal to six seven and one-quarter half of one percent (6.257.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.1.2(f)(iv) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Alimera Sciences Inc)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the Prime Rate plus three and one-quarter a one half of one percent (6.253.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Beamr Imaging Ltd.)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and the greater of (A) one-quarter half of one percent (6.250.50%) above the Prime RateRate and (B) three and three-quarters of one percent (3.75%), which interest shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the greater of one (i) seven percent (6.257.00%) and (ii) two percent (2.00%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Alx Oncology Holdings Inc)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) nine percent (9.0%) and one(ii) five and three-quarter quarters of one percent (6.255.75%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Velo3D, Inc.)

Interest Rate. Subject to Section 2.2(b2.6(b), the principal amount outstanding under each the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter of one percent (6.25%) above the Prime Applicable Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.6(d) below.

Appears in 1 contract

Samples: Contingent Convertible Debt Agreement (BigCommerce Holdings, Inc.)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) seven and one-quarter half of one percent (6.257.50%) and (ii) two percent (2.0%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the Prime Rate minus one and onethree-quarter quarters of one percent (6.251.75%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d) below).

Appears in 1 contract

Samples: Loan and Security Agreement (Alpine Immune Sciences, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six four and one-one quarter of one percent percentage points (6.254.25%) above the Prime Rate, which interest shall be Rate payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Nebula Caravel Acquisition Corp.)

Interest Rate. Subject to Section 2.2(b), the outstanding principal amount outstanding under of each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the Prime Rate, fixed as of the Funding Date of the applicable Term Loan Advance, plus two and one-quarter half of one percent (6.252.50%) above the Prime Rate), which interest shall be payable monthly in accordance with Section 2.2(d) below2.2(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Sophiris Bio Inc.)

Interest Rate. Subject to Section 2.2(b), the principal outstanding amount outstanding under of each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) seven percentage points (7.00%), and one-quarter of one percent (6.25ii) three and three quarters percentage points (3.75%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Taysha Gene Therapies, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (A) the Prime Rate and (B) three and one-quarter of one percent (6.253.25%) above the Prime Rate), which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Homology Medicines, Inc.)

Interest Rate. Subject to Section 2.2(b2.3(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) eight and one-half of one percent (8.50%) and (ii) three and one-quarter of one percent (6.253.25%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d2.3(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b2.5(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter the greater of one (A) four percent (6.254.00%) above the Prime RateRate and (B) seven and one quarter percent (7.25%), which interest shall be payable monthly in accordance with Section 2.2(d2.5(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Codex DNA, Inc.)

Interest Rate. Subject to Section 2.2(b2.1.5(d)(ii), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter of one seven percent (6.257.00%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) belowmonthly.

Appears in 1 contract

Samples: Loan and Security Agreement (Brightcove Inc)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) four and three-quarters of one percent (4.75%) and (ii) one-quarter of one percent (6.250.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (XOMA Corp)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under for each Term Loan Advance shall accrue interest at a floating per annum rate equal to six four and one-quarter half of one percent (6.254.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

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

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) five and one-quarter of one percent (6.255.25%) and (ii) two and one-half of one percent (2.50%) above the Prime Rate, which interest interest, in each case, shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Eloxx Pharmaceuticals, Inc.)

Interest Rate. Subject to Section 2.2(b), the principal amount outstanding under each for the Term Loan Advance shall accrue interest at a floating per annum rate equal to six and one-quarter of one percent half percentage point (6.250.5%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenon Pharmaceuticals Inc.)

Interest Rate. Subject to Section 2.2(b2.4(b), the principal amount outstanding under each Term Loan Advance shall accrue interest at a floating per annum rate equal to six the greater of (i) ten percent (10.0%) or (ii) five and one-quarter of one percent (6.255.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.2(d2.4(d) below.

Appears in 1 contract

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

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