Common use of Prime Rate Advances Clause in Contracts

Prime Rate Advances. Each Prime Rate Advance shall be in an amount not less than Five Hundred Thousand Dollars ($500,000). The outstanding principal balance of each Prime Rate Advance shall bear interest until principal is due (computed daily on the basis of a 360 day year and actual days elapsed), at a fluctuating rate per annum equal to the Prime Rate. Borrower shall pay the entire outstanding principal amount of each Prime Rate Advance and in any event on the Maturity Date.

Prime Rate Advances. Each Advance Request for a Prime Rate Advance shall be in an a principal amount of not less than Five Hundred Thousand Dollars ($500,000)500,000.00 and in integral multiples of $50,000.00. The outstanding principal balance of each Requests for any Prime Rate Advance shall bear interest until principal is due may be made daily (computed daily on the basis of but only once a 360 day year and actual days elapsedday), at a fluctuating rate per annum equal to the Prime Rate. provided Borrower shall pay the entire outstanding principal amount of each Prime Rate Advance and in any event on the Maturity Datesatisfies all notice requirements as provided for herein.

Prime Rate Advances. Each Prime Rate Advance shall be in an amount of not less than Twenty-Five Hundred Thousand Dollars ($500,00025,000). The outstanding principal balance of each Prime Rate Advance shall bear interest until principal is due (computed daily on the basis of a 360 day year and actual days elapsed), at a fluctuating rate per annum equal to one percent (1.0%) above the Prime Rate. Borrower shall pay the entire outstanding principal amount of each Prime Rate Advance and Advances under the Equipment Line shall be payable as provided in any event on the Maturity DateSection 2.1.5(b).

Prime Rate Advances. Each Prime Rate Advance shall be in an amount of not less than Twenty-Five Hundred Thousand Dollars ($500,00025,000). The outstanding principal balance of each Prime Rate Advance shall bear interest until principal is due (computed daily on the basis of a 360 day year and actual days elapsed), at a fluctuating rate per annum equal to one percent (1.0%) above the Prime Rate. Borrower shall pay the entire outstanding principal amount of each Prime Rate Advance and Advances under the Equipment Line shall be payable as provided in any event on the Maturity DateSection 2.1.4(b).

Prime Rate Advances. Each Prime Rate Advance shall be in an amount not less than Twenty Five Hundred Thousand Dollars ($500,00025,000). The outstanding principal balance of each Prime Rate Advance shall bear interest until principal is due (computed daily on the basis of a 360 day year and actual days elapsed), at a fluctuating rate per annum equal to the Prime RateRate minus One and One Quarter of One Percent (1.25%). Borrower shall pay the entire outstanding principal amount of each Prime Rate Advance and in any event on the Revolving Maturity Date.