Common use of RATE ON OTHER OBLIGATIONS Clause in Contracts

RATE ON OTHER OBLIGATIONS. To the extent that, at any time, there are other Obligations besides Advances which are outstanding and unpaid, such Obligations shall, unless and except to the extent that this Agreement, any Note or any other Loan Document evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Borrowings under the Line of Credit.

Appears in 4 contracts

Samples: Loan and Security Agreement (Tekgraf Inc), Loan and Security Agreement (Tekgraf Inc), Loan Agreement (Imnet Systems Inc)

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RATE ON OTHER OBLIGATIONS. To the extent that, at any ----------------------------- time, there are other Obligations besides Advances which are outstanding due and payable and are unpaid, such Obligations shall, unless and except to the extent that this Agreement, any Note or any other Loan Document evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Borrowings under the Line of Credit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Concurrent Computer Corp/De), Loan and Security Agreement (Concurrent Computer Corp/De)

RATE ON OTHER OBLIGATIONS. To the extent that, at any time, there are other Obligations besides Advances the Term Loan which are outstanding and unpaid, such Obligations shall, unless and except to the extent that this Agreement, any Note or any other Loan Document evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Borrowings under the Line of CreditTerm Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Headhunter Net Inc), Loan and Security Agreement (Headhunter Net Inc)

RATE ON OTHER OBLIGATIONS. To the extent that, at any time, there are other Obligations besides Advances which are outstanding and unpaid, such Obligations shall, unless and except to the extent that this Agreement, any Note or any other Loan Document evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Base Borrowings under the Line of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Moredirect Com Inc)

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RATE ON OTHER OBLIGATIONS. To the extent that, at any time, there are other Obligations besides Advances and the Term Loan which are outstanding and unpaid, such Obligations shall, unless and except to the extent that this Agreement, any Note or any other Loan Document evidencing such Obligations provides otherwise, bear interest at the same rate per annum as is then and thereafter payable on Prime Borrowings under the Line of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Headhunter Net Inc)

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