Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 5 contracts
Samples: And Security Agreement (Stereotaxis, Inc.), Second Loan Modification Agreement (Stereotaxis, Inc.), Second Loan Modification Agreement (Stereotaxis, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus two percent (X) 2.00%); provided, however, during a Performance Pricing Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.00%), which . Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 5 contracts
Samples: Second Loan Modification Agreement (Global Telecom & Technology, Inc.), Joinder and Second Loan Modification Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)
Advances. Subject to Section 2.3(b2.6(c), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and three-fourths three quarters of one percent (1.75%) and (Y) seven percent (7.000.75%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.6(f) below.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (Xi) the aggregate one half of one percentage point (0.50%) above the Prime Rate plus Rate, or (ii) five and one and three-fourths of one percent quarter percentage points (1.75%) and (Y) seven percent (7.005.25%), which interest shall shall, in each case, be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 4 contracts
Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (AtriCure, Inc.), Loan and Security Agreement (Cyan Inc), Loan and Security Agreement (Cyan Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent three quarters percentage points (1.75%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.)
Advances. Subject to Section 2.3(b), the outstanding principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarters of one percent (1.75%) and (Y) seven percent (7.000.75%), which interest shall be payable monthly, monthly in arrears, arrears in accordance with Section 2.3(f2.3(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Zoosk, Inc), Loan and Security Agreement (Zoosk, Inc), Loan and Security Agreement (Zoosk, Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one and one-half of one percentage points (X1.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (FireEye, Inc.), Loan and Security Agreement (FireEye, Inc.), Loan and Security Agreement (FireEye Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one and one half of one percentage point (X1.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:
Appears in 3 contracts
Samples: Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one and one half of one percentage point (X1.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 3 contracts
Samples: Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.), Loan Modification Agreement (Acacia Communications, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of the (Xi) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.751.00%) and (Yii) seven four and one-quarter percent (7.004.25%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Mavenir Systems Inc), Senior Loan and Security Agreement (Mavenir Systems Inc), Senior Loan and Security Agreement (Mavenir Systems Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one half of one percentage point (X0.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Nebula Caravel Acquisition Corp.), Loan and Security Agreement (Instructure Inc), Loan and Security Agreement (Instructure Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (Xi) the aggregate of the Prime Rate plus one percent (1.00%) or (ii) four and threeone-fourths quarter of one percent (1.75%) and (Y) seven percent (7.004.25%), which interest shall be payable monthly, monthly in arrears, arrears in accordance with Section 2.3(f2.3(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.), Loan and Security Agreement (Okta, Inc.)
Advances. Subject to Section 2.3(b2.7(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.7(d) below.
Appears in 3 contracts
Samples: Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.), Loan and Security Agreement (Upwork Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and threeone-fourths of one percent quarter percentage points (1.75%) and (Y) seven percent (7.001.25%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 3 contracts
Samples: Eighth Loan Modification Agreement (Bridgeline Digital, Inc.), Second Loan Modification Agreement (Luna Innovations Inc), Fourth Loan Modification Agreement (Bridgeline Digital, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and three-fourths of one four percent (1.75%) and (Y) seven percent (7.004.00%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (Splunk Inc)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of [*] above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)[*], which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Acell Inc), First Loan Modification Agreement (Acell Inc)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths one quarter of one percent (1.751.25%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tufin Software Technologies Ltd.), Loan and Security Agreement (Tufin Software Technologies Ltd.)
Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths three quarters of one percent (1.750.75%) and (Y) seven percent (7.00%), above the Prime Rate which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (GOOD TECHNOLOGY Corp)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and threeone-fourths half of one percent (1.75%) and (Y) seven percent (7.001.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Apigee Corp), Loan and Security Agreement (Apigee Corp)
Advances. Subject to Section 2.3(b2.6(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.6(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Twist Bioscience Corp), Loan and Security Agreement (Twist Bioscience Corp)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.0%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Twilio Inc), Loan and Security Agreement (Twilio Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Upstart Holdings, Inc.), Loan and Security Agreement (Upstart Holdings, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of 0.75 percentage points above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Strasbaugh), Loan and Security Agreement (Strasbaugh)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.0%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.”
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of two percentage points (X2.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (NxStage Medical, Inc.), Loan and Security Agreement (NxStage Medical, Inc.)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, monthly in arrears, in accordance with Section 2.3(f) belowarrears on the first day of each month.
Appears in 2 contracts
Samples: Loan and Security Agreement (ConforMIS Inc), Loan and Security Agreement (ConforMIS Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below).
Appears in 2 contracts
Samples: Loan and Security Agreement (Sequenom Inc), Loan and Security Agreement (Hansen Medical Inc)
Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Workiva LLC), Loan and Security Agreement (Workiva LLC)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarter of one percent (1.750.25%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Yodle Inc), Loan and Security Agreement (Danger Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at the greater of (i) a floating per annum rate equal to the greater one quarter of one percentage point (X0.25%) the aggregate of above the Prime Rate plus or (ii) four and one and three-fourths of one quarter percent (1.754.25%) and (Y) seven percent (7.00%)per annum, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Corium International, Inc.), Loan and Security Agreement (Corium International, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of 125 basis points (X1.25%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Yodlee Inc), Loan and Security Agreement (Yodlee Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of two and one half percentage points (X2.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (TRIA Beauty, Inc.), Loan and Security Agreement (Cardiac Science CORP)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus two and three-quarters percent (X) 2.75%); provided, however, during a Performance Pricing Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-fourths of one quarters percent (1.75%) and (Y) seven percent (7.00%), which . Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Second Loan Modification Agreement (Global Telecom & Technology, Inc.), Joinder and Second Loan Modification Agreement (Global Telecom & Technology, Inc.)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus one percent (X) 1.00%); provided that during a Streamline Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and threeone-fourths half of one percent (1.75%) and (Y) seven percent (7.000.50%), which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: First Loan Modification and Waiver Agreement (ECPM Holdings, LLC), First Loan Modification and Waiver Agreement (ECPM Holdings, LLC)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one and one-half of one percentage point (X1.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.”
Appears in 2 contracts
Samples: Sixth Loan Modification Agreement (Satcon Technology Corp), Fifth Loan Modification Agreement (Satcon Technology Corp)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater Prime Rate plus two and one-quarter percent (2.25%); provided, that from and after the occurrence of (X) the aggregate of EBITDA Event, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and threeone-fourths of one quarter percent (1.75%) and (Y) seven percent (7.001.25%), which . Such interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Ninth Loan Modification and Waiver Agreement (Bridgeline Digital, Inc.), Eighth Loan Modification Agreement (Bridgeline Digital, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarters of one percent percentage points (1.75%) and above the Prime Rate (Ywhich shall be reduced to one-half of one percentage point (.50%) seven percent (7.00%above the Prime Rate, beginning on the first Payment Date following the occurrence of the Profitability Event), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Voxware Inc), Second Loan Modification Agreement (Voxware Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one and one-quarter percentage points (X1.25%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Vericel Corp), Loan and Security Agreement (Vericel Corp)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and three-fourths one half of one percent (1.75%) and (Y) seven percent (7.001.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (eASIC Corp), Loan and Security Agreement (eASIC Corp)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one-half of one percentage point (X0.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.”
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus one percent (X) 1.00%); provided that during a Streamline Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and threeone-fourths half of one percent (1.75%) and (Y) seven percent (7.000.50%), which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (ECPM Holdings, LLC), Loan and Security Agreement (ECPM Holdings, LLC)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.0%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Loan Modification Agreement (Tremor Video Inc.), Loan Modification Agreement (Tremor Video Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of 150 percentage points (X1.5%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Yodlee Inc), Loan and Security Agreement (Yodlee Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one-half of one percentage point (X0.50%) the aggregate of below the Prime Rate plus one or two and three-fourths of one quarters percent (1.75%) and (Y) seven percent (7.002.75%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(d) below.
Appears in 2 contracts
Samples: Loan and Security Agreement (Intermolecular Inc), Loan and Security Agreement (Intermolecular Inc)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(e) below.
Appears in 2 contracts
Samples: Fifth Loan Modification Agreement (Aegerion Pharmaceuticals, Inc.), Loan Modification Agreement (Aegerion Pharmaceuticals, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (XA) the aggregate of one percentage point (1.00%) above the Prime Rate plus Rate, and (B) four and one and three-fourths of one quarter percent (1.75%) and (Y) seven percent (7.004.25%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.”
Appears in 2 contracts
Samples: Loan and Security Agreement (Upstart Holdings, Inc.), Loan and Security Agreement (Upstart Holdings, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one quarter of one percentage point (X0.25%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Third Loan Modification Agreement (Salary. Com, Inc.)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarters of one percent (1.750.75%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(e) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus one percent (X) 1.00%); provided, that during a Streamline Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and threeone-fourths quarter of one percent (1.75%) and (Y) seven percent (7.000.25%), which interest shall in any event be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Xtant Medical Holdings, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (XA) the aggregate one and one half of one percentage points (1.50%) above the Prime Rate plus and (B) six and one and three-fourths half of one percent (1.75%) and (Y) seven percent (7.006.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarters of one percent (1.75%) and (Y) seven percent (7.000.75%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (Xi) the aggregate of the Prime Rate plus one and three-fourths three quarters of one percent (1.750.75%) or (ii) four and (Y) seven three quarters of one percent (7.004.75%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one half of one percentage point (X0.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) belowmonthly on the last day of each month.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one and one-quarter of one percentage points (X1.25%) the aggregate of above the Prime Rate plus one and three(which shall be reduced to one-fourths half of one percent percentage points (1.75.50%) and (Y) seven percent (7.00%above the Prime Rate, upon the occurrence of the Profitability Event), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater three quarters of one percentage point (X0.75%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Fifth Loan Modification Agreement (GAIN Capital Holdings, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths one half of one percent (1.751.5%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater lesser of one half of one percentage point (X0.50%) the aggregate of above the Prime Rate plus or seven and one and three-fourths of one half percent (1.75%) and (Y) seven percent (7.007.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Peregrine Semiconductor Corp)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and threeone-fourths quarter of one percent (1.75%) and (Y) seven percent (7.001.25%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one percent (other than Guaranteed Advances1.00%) above the Prime Rate; provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall in each case be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (MaxPoint Interactive, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and threeone-fourths half of one percent (1.750.50%) and (Y) seven percent (7.00%)per annum, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.”
Appears in 1 contract
Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater three quarters of one percentage point (X0.75%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(g) below.”
Appears in 1 contract
Samples: First Loan Modification Agreement (GAIN Capital Holdings, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of 2.0 percentage points above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, provided that the interest rate in effect on any day shall not be less than 6.0% per annum, which interest shall be payable monthly, in arrears, in accordance with . Said Section 2.3(f2.3(a)(i) below.is hereby amended to read as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Cardiovascular Systems Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one percentage point (X1.0%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Axcelis Technologies Inc)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent percentage point (1.75%) and (Y) seven percent (7.001.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.. (ii)
Appears in 1 contract
Samples: Modification Agreement
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent quarters percentage points (1.75%) and (Y) seven percent (7.00%); provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: First Loan Modification Agreement (Real Goods Solar, Inc.)
Advances. Subject to Section 2.3(b), effective as of January 1, 2011 and thereafter, the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one-half of one percentage point (X0.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Second Loan Modification Agreement (NxStage Medical, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarters of one percent (1.75%) and (Y) seven percent (7.00%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (Xi) the aggregate of the Prime Rate plus one and three-fourths of one percent three percentage points (1.753.00%) and (Yii) seven percent (7.00%), ) which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Real Goods Solar, Inc.)
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus less one and threeone-fourths quarter of one percent percentage point (1.75%) and (Y) seven percent (7.001.25%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.” and inserting in lieu thereof the following
Appears in 1 contract
Samples: First Loan Modification Agreement (LTX-Credence Corp)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.751.00%) and (Y) seven percent (7.00%)below the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.3(c), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (XA) the aggregate of the Prime Rate plus one four and three-fourths quarters of one percent (1.754.75%), and (B) three quarters of one percentage point (0.75%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(g) below.”
Appears in 1 contract
Samples: Fifth Loan Modification Agreement (GAIN Capital Holdings, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below; provided, however, that during each Adjustment Period, interest shall accrue at a floating per annum rate equal to one and one half percentage point above the Prime Rate.
Appears in 1 contract
Samples: Loan and Security Agreement (BigBand Networks, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (Xi) the aggregate of one percentage point (1.0%) above the Prime Rate plus one and three-fourths of one percent or (1.75%ii) and five percentage points (Y) seven percent (7.005.0%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.751.0%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.0%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.0%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(c) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Ariosa Diagnostics, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of 1.25% percentage points above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, provided that the interest rate in effect on any given day shall not be less than 8.50% per annum, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one-half of one percentage point (X0.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(e) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.2(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus less one and threeone-fourths quarter of one percent percentage point (1.75%) and (Y) seven percent (7.001.25%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.2(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.00%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Castlight Health, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advancesthe Non-formula Sublimit) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and threeone-fourths half of one percent (1.75%) and (Y) seven percent (7.000.50%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.
Appears in 1 contract
Samples: Eighth Loan Modification Agreement (Satcon Technology Corp)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent quarters percentage points (1.75%) and (Y) seven percent (7.00%); provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Real Goods Solar, Inc.)
Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater three-quarters of one percentage point (X0.75%) the aggregate of above the Prime Rate plus one and threeRate; provided, however, during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to one-fourths quarter of one percent percentage point (1.750.25%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(e) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.6(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and threeone-fourths half of one percent (1.75%) and (Y) seven percent (7.000.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.6(d) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Castlight Health, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus one and one-half percent (X) 1.50%); provided, that during a Streamline Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.001.00%), which interest shall in any event be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.4(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of one and one-half percent (X1.50%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.4(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths quarter of one percent (1.750.25%) and (Y) seven percent (7.00above the Prime Rate or 6.25%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one two and three-fourths of one percent quarters percentage points (1.75%) and (Y) seven percent (7.002.75%); provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Second Loan Modification and Reinstatement Agreement (Real Goods Solar, Inc.)
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and threeone-fourths half of one percent (1.750.50%) and (Y) seven percent (7.00%)above the Prime Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one two percent (1.75%) and (Y) seven percent (7.002.00%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b2.5(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths one half of one percent (1.75%) and (Y) seven percent (7.001.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.5(d) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of two percentage points (X2.00%) the aggregate of above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: First Loan Modification Agreement (NxStage Medical, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of Prime Rate plus four and three-quarters percentage points (X) 4.75%); provided that during a Streamline Period, the aggregate of principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-fourths of one percent two percentage points (1.75%) and (Y) seven percent (7.002.00%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f2.3(g) below.” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Joinder and Fourth Loan Modification Agreement (Real Goods Solar, Inc.)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Appears in 1 contract
Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/)
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater one half of (X) the aggregate of one percentage point above the Prime Rate plus one and three-fourths of one percent (1.75%) and (Y) seven percent (7.00%)Rate, which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f) below.
Appears in 1 contract
Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line (other than Guaranteed Advances) shall accrue interest at a floating per annum rate equal to the greater of (X) the aggregate of the Prime Rate Rate, plus one and threeone-fourths half of one percent (1.75%) and (Y) seven percent (7.000.50%), which interest shall be payable monthly, in arrears, monthly in accordance with Section 2.3(f2.3(d) below.
Appears in 1 contract
