Term Loan B. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan B shall accrue interest at a per annum rate equal to 0.75 percentage points above the Prime Rate, which interest shall be payable monthly.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ultra Clean Holdings Inc), Loan and Security Agreement (Ultra Clean Holdings Inc)
Term Loan B. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan B shall accrue interest at a floating per annum rate equal to 0.75 the greater of three and one half percentage points (3.50%) above the Prime Rate, Rate or seven and one half percent (7.50%) which interest shall be payable monthlymonthly in accordance with Section 2.3(f) below.β
Appears in 1 contract
Samples: Loan and Security Agreement (St. Bernard Software, Inc.)
Term Loan B. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan B shall accrue interest at a floating per annum rate equal to 0.75 2.25 percentage points above the Prime Rate, provided that the interest rate in effect on any day shall not be less than 7.0% per annum, which interest shall be payable monthly.
Appears in 1 contract
Samples: Loan and Security Agreement (Cardiovascular Systems Inc)
