Term Advance. Except as set forth in Section 2.3(b), the Term Advance shall bear interest, on the outstanding daily balance thereof, at a rate equal to one and one half percent (1.50%) above the Prime Rate.
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Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.), Loan and Security Agreement (Ilx Lightwave Corp), Loan and Security Agreement (Ilx Lightwave Corp)
Term Advance. Except as set forth in Section 2.3(b2.2(b), the outstanding Term Advance shall bear interest, interest on the outstanding daily balance Daily Balance thereof, at a floating rate equal to one and one half of one percent (1.50%) above the Prime Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Streamline Health Solutions Inc.)
Term Advance. Except as set forth in Section 2.3(b), the Term Advance shall bear interest, on the outstanding daily balance Daily Balance thereof, at a per annum rate equal to one and one half percent (1.50%) above the Prime Rate.
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Term Advance. Except as set forth in Section 2.3(b), the Term Advance shall bear interest, on the outstanding daily balance Daily Balance thereof, at a rate equal to one and half of one half percent (1.500.50%) above below the Prime Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Safeguard Scientifics Inc)
Term Advance. Except as set forth in Section 2.3(b), the Term Advance shall bear interest, on the outstanding daily balance thereof, at a rate equal to one and one half percent (1.50%) above the Prime Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Serviceware Technologies Inc/ Pa)
Term Advance. Except as set forth in Section 2.3(b), ------------ the Term Advance shall bear interest, on the outstanding average daily balance thereof, at a per annum rate equal to one-half of one and one half percent percentage point (1.500.5%) above the Prime Rate.
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Term Advance. Except as set forth in Section 2.3(b), the Term Advance shall bear interest, on the outstanding daily balance Daily Balance thereof, at a per annum rate equal to one and quarter of one half percent (1.500.25%) above the Prime Rate; provided however, that on and after the Performance Milestone Date, and as long as no Event of Default has occurred prior to such date, the Term Advance shall bear interest, on the outstanding Daily Balance thereof, at a per annum rate equal to the Prime Rate, subject to Section 2.3(b).
Appears in 1 contract
Term Advance. Except as set forth in Section ------------ 2.3(b), the Term Advance shall bear interest, on the outstanding average daily balance thereof, at a per annum rate equal to one-half of one and one half percent percentage point (1.500.5%) above the Prime Rate.
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Term Advance. Except as set forth in Section 2.3(b2.2(b), the Term Advance shall bear interest, on the outstanding daily balance Daily Balance thereof, at a fixed rate per annum equal to one eight and one half quarter percent (1.508.25%) above the Prime Rate).
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