Common use of Computation Clause in Contracts

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 201 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (IsoPlexis Corp), Loan and Security Agreement (PhenomeX Inc.)

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Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 115 contracts

Samples: Loan and Security Agreement (Max International Inc), Loan and Security Agreement (Xilio Therapeutics, Inc.), Loan and Security Agreement (Xilio Therapeutics, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 93 contracts

Samples: Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Anda Networks Inc), Loan and Security Agreement (Versata Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 17 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Seebeyond Technology Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.

Appears in 12 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Imanage Inc)

Computation. In With respect to Obligations bearing interest at the Prime Rate, in the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 12 contracts

Samples: Loan and Security Agreement (Maxwell Technologies Inc), Loan and Security Agreement (Maxwell Technologies Inc), Loan and Security Agreement (Natera, Inc.)

Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 12 contracts

Samples: Loan and Security Agreement (Evolving Systems Inc), Loan and Security Agreement (Inktomi Corp), Loan and Security Agreement (Curon Medical Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.

Appears in 10 contracts

Samples: Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Omega Therapeutics, Inc.)

Computation. In the event the Prime Rate is changed from time ----------- to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 7 contracts

Samples: Loan and Security Agreement (Natural Microsystems Corp), Loan Modification Agreement (Quicklogic Corporation), Loan Agreement (Ultradata Corp)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 6 contracts

Samples: Loan and Security Agreement (SQL Financials International Inc /De), Loan and Security Agreement (Astea International Inc), Loan and Security Agreement (Copper Mountain Networks Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder under the Notes shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 4 contracts

Samples: Loan and Security Agreement (Isky Inc), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable changeable under the Loan Documents shall be computed computer on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Any change to the Prime Rate and related chargeable interested under the Loan Documents, as well as an updated loan amortization table, will be communicated and delivered within ten (10) Business Days of such adjustment.

Appears in 3 contracts

Samples: Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Iridex Corp), Loan and Security Agreement (Datawatch Corp), Loan and Security Agreement (Invision Technologies Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Bank shall notify Borrower of the change in the ordinary course of Borrower's business. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 3 contracts

Samples: Loan and Security Agreement (Verity Inc \De\), Loan and Security Agreement (Verity Inc \De\), Loan and Security Agreement (Accrue Software Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. The Bank shall deliver written notice of any such change in the Prime Rate within 5 days of any such change.

Appears in 2 contracts

Samples: Loan and Security Agreement (Traffic.com, Inc.), Loan and Security Agreement (Traffic.com, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents Document shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hybridon Inc), Loan Modification Agreement (Quintus Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.4

Appears in 2 contracts

Samples: Loan and Security Agreement (BlackSky Technology Inc.), Loan and Security Agreement (Scientific Learning Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Notwithstanding the foregoing, this Section 2.3(d) shall not apply in the event the Borrower elects the fixed rate option as set forth in Section 2.3(a).

Appears in 2 contracts

Samples: Loan and Security Agreement (Cardiac Pathways Corp), Loan and Security Agreement (Cygnus Inc /De/)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (LTX Corp)

Computation. In the event the Prime Rate is changed ----------- from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Thermatrix Inc), Loan and Security Agreement (Ise Labs Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Agent shall give Borrower prompt notice of such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cue Health Inc.), Loan and Security Agreement (Cue Health Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. All payments shall be free and clear of any taxes, withholdings, duties, impositions or other charges, to the end that Bank will receive the entire amount of any Obligations payable hereunder, regardless of source of payment.

Appears in 2 contracts

Samples: Loan Agreement (Safeguard Scientifics Inc), Loan Agreement (Safeguard Scientifics Inc Et Al)

Computation. In the event the Prime Rate is changed from time ------------ to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Seachange International Inc), Loan and Security Agreement (Seachange International Inc)

Computation. In the event the Prime Rate is changed change from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Bsquare Corp /Wa)

Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 365 day year for the actual number of days elapsedelapsed for all Prime Rate Advances and on the basis of a 360 day year for the actual number of days elapsed for all Eurodollar Rate Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (NightHawk Radiology Holdings Inc)

Computation. In the event the Prime Rate is changed from time ----------- to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Market Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Connetics Corp)

Computation. In the event the Prime Rate is changed ----------- from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Logicvision Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.4

Appears in 1 contract

Samples: Loan and Security, Agreement (Jetfax Inc)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Bank shall notify Borrower of the change in the ordinary course of Borrower's business. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Modification Agreement (Interwoven Inc)

Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day 360)-day year for the actual number of days elapsed.. 2.4

Appears in 1 contract

Samples: Execution Version Loan and Security Agreement (DraftKings Inc.)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Liquid Audio Inc)

Computation. In the event the Prime Rate is changed from time ------------ to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, decreased contemporaneously with such change by an amount equal to such change in the Prime Rate. All interest chargeable under the Exim Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.4

Appears in 1 contract

Samples: Loan and Security Agreement

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Bank shall notify Borrower of the change in the ordinary course of business. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.4

Appears in 1 contract

Samples: Loan and Security Agreement (Arthrocare Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. Agent shall give Borrower prompt notice of such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.4

Appears in 1 contract

Samples: Loan and Security Agreement (Cue Health Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m., on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Versata Inc)

Computation. In the event the Prime Rate is changed changes from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Phase III Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Collaboration Agreement (Pharmaceutical Product Development Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Each determination of an interest rate or the amount of a fee under the Loan Documents shall be made by Administrative Agent and shall be conclusive, binding and final for all purposes, absent demonstrable error.

Appears in 1 contract

Samples: Loan and Security Agreement (Five9, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year of twelve (12) thirty-day months for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Orchard Enterprises, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest (if such applicable rate of interest is based on the Prime Rate) hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Otonomy, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder with respect to outstanding Advances shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Health Enterprises Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty five (360365) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Crystal Decisions Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents Promissory Note shall be computed on the basis of a three hundred sixty (360) day year of twelve (12) thirty-day months for the actual number of days elapsed.

Appears in 1 contract

Samples: Credit Facility Agreement (U S Gold Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed. Bank shall use commercially reasonable efforts to notify Borrower of the effective date and the amount of each such change in interest rate, but failure to so notify the Borrower shall not be a violation of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Igi Laboratories, Inc)

Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Orchid Biosciences Inc)

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Computation. In With respect to Obligations bearing interest at a rate based on the Prime Rate, in the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Carbonite Inc)

Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360- day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Turnstone Biologics Corp.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day 360)-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Trupanion Inc.)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsedyear.

Appears in 1 contract

Samples: Loan and Security Agreement (Optex Systems Holdings Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Genoptix Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount mount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three three-hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Opus360 Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder with respect to Prime Rate Advances (as defined in the Supplement) shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Health Enterprises Inc)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Gaming Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Gxxx Xxxx\PA\10260242.6 1090371-981500 6 Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Patient Infosystems Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest and Letter of Credit fees chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Computation. In the event the Prime Rate is changed ----------- from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Bank shall notify Borrower of any changes to the Prime Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (At Home Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder under the Notes shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.6

Appears in 1 contract

Samples: Loan and Security Agreement (Versatility Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder under the Note shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Visual Networks Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate Rate, is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents based on the Prime Rate shall be computed on the basis of a three hundred sixty sixty-five or three hundred sixty-six (360365/6) day year year, as the case may be, for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Computation. In the event the Prime Rate is changed from time to ----------- time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Pointshare Corp)

Computation. In the event that the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) -day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (PogoTec, Inc.)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day decreased when the Prime Rate is changed, changes by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Globant S.A.)

Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Under no circumstances will the interest charged pursuant to this Agreement exceed the maximum rate permitted by law.

Appears in 1 contract

Samples: Loan and Security Agreement (Matrixone Inc)

Computation. In the event the Prime Referenced Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Referenced Rate is changed, by an amount equal to such change in the Prime Referenced Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteinsimple)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. Washington, D.C. time on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Freemarkets Inc)

Computation. In the event As the Prime Rate is changed from time to time hereaftertime, the applicable rate rates of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents this Agreement shall be computed on the basis of a three hundred sixty (360) day 360)-day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Uniphase Corp /Ca/)

Computation. In the event the Prime Rate is changed from ----------- time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Loudeye Technologies Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartport Inc)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Referenced Rate (as defined in the Addendum) is changed, by an amount equal to such change in the Prime Referenced Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) 360 day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (Nexsan Corp)

Computation. In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, decreased effective as of 12:01 a.m. on the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.5

Appears in 1 contract

Samples: Loan and Security Agreement (Consilium Inc)

Computation. In With respect to Obligations bearing interest at a rate based on the Prime Rate, in the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.. 2.4

Appears in 1 contract

Samples: Loan and Security Agreement

Computation. In the event the Prime Rate is changed from time ----------- to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan Agreement (Logicvision Inc)

Computation. In With respect to Obligations bearing interest at the Prime Rate, in n the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

Appears in 1 contract

Samples: Loan and Security Agreement (CareView Communications Inc)

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