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Interest Rates Payments and Calculations
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Interest Rates Payments and Calculations
. (a)
Interest Rate
. -------------
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Interest Rates Payments and Calculations
. Section 2.3(a) of the
Loan and Security Agreement
shall be amended to read:
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Interest Rates Payments and Calculations
. (a)
Interest Rate
for Term Loan Advances. Except as set forth in Section 2.3(b),
the Term Loan Advances
shall bear interest, on the outstanding
Daily Balance
thereof, at a rate
equal to
the greater of (i) one half of one percentage point (0.50%) above
the Prime Rate
or (ii) six
percentage points
(6.00%).
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Interest Rates Payments and Calculations
. (a)
Interest Rates
Except as set forth in Section 2.2(b),
the Advances
shall bear interest, on the outstanding
daily balance
thereof, at the
rates specified
in Section 2.1.1.
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Interest Rates Payments and Calculations
. 4- <PAGE> (a)
Interest Rate
. Except as set forth in Section 2.3(b), or as ------------- specified to the contrary in any
Loan Document
, any Advances under this
Exim Agreement
shall bear interest, on the
average daily balance
, at a rate
equal to
the Prime Rate
per annum
. (b)
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Interest Rates Payments and Calculations
. (a)
Interest Rates
.
From the Effective Date
,
all Obligations
charged to the Loan Account
with respect to
the
Loans shall
,
subject to Section
2.5(c)(ii), bear
interest payable
in cash
on the
Outstanding Amount
at a rate
per annum
equal to
ABR plus the
Applicable Margin
and shall be payable
in accordance with
Section 2.5(c).
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Interest Rates Payments and Calculations
. (a)
Interest Rate for Term Loans
. Except as set forth in Section 2.3(b), the Term
Loans shall
bear interest, on the outstanding
daily balance
thereof, at a variable
annual rate
equal to
the greater of (A) 1.25% above
the Prime Rate
then
in effect
, or (B) 4.50%.
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Interest Rates Payments and Calculations
. (a)
Interest Rates
Except as set forth in Section 2.2(b), the
Equipment Advances
shall bear interest, on the outstanding
daily balance
thereof, at a
floating rate
equal to
the Prime Rate
plus one-half percent (0.50%).
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Interest Rates Payments and Calculations
. (a)
Payment of Accrued
and
Outstanding Interest
as of
Closing Date
.
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Interest Rates Payments and Calculations
. (a) INTEREST RATE. Except as set forth in Section 2.3(b), any Advances shall bear interest, on the
average daily balance
thereof, at a
per annum
rate
equal to
TWO (2.0)
percentage points
above
the Prime Rate
; PROVIDED, HOWEVER, that effective the first
day of
the month following a
Qualified Public Offering
,
the interest rate
will decrease to the Prime Rate.
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