Common use of Interim payment Clause in Contracts

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Rate.

Appears in 3 contracts

Samples: Loan and Security Agreement (Manugistics Group Inc), Loan and Security Agreement (Manugistics Group Inc), Loan and Security Agreement (Manugistics Group Inc)

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Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date Equipment Advance is made on the first Business Day day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, an amount (the projected "Interim Payment") equal to interest to accrue on the amount of the Equipment Advance at the applicable Basic Rate calculated for the number of days from the Funding Date to of the Equipment Advance until the first Payment Date, at the Basic RateDate with respect to such Equipment Advance.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cosine Communications Inc), Loan and Security Agreement (Cosine Communications Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance or Supplemental Equipment Advance (unless the Funding Date is the first Business Day of the month) ), Borrowers shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Bank’s Prime Rate, plus two percent (2.0%) per annum.

Appears in 2 contracts

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

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) ), Borrowers shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Bank’s Prime Rate, plus two percent (2.0%) per annum.

Appears in 2 contracts

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

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to subsection (b) of this Section.

Appears in 2 contracts

Samples: Loan and Security Agreement (Jamdat Mobile Inc), Loan and Security Agreement (Salmedix Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance or Equipment Facility 2 Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, Bank the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to paragraph “(b)” of this Section.

Appears in 1 contract

Samples: Third Loan Modification Agreement (Saba Software Inc)

Interim payment. In addition to the Scheduled Term Loan Payments, on the Funding Date for each Equipment Corporate Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Omnicell Inc /Ca/)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, Bank the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to paragraph “(b)” of this Section.

Appears in 1 contract

Samples: Loan and Security Agreement (Saba Software Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, an amount (the projected interest "Interim Payment") equal to accrue the initial Equipment Advance multiplied by the product of (i) the quotient derived from dividing the Basic Rate by 360, and (ii) the number of days from the Funding Date to of the Equipment Advance until the first Payment Date, at the Basic RateDate with respect to such Equipment Advance.

Appears in 1 contract

Samples: Loan and Security Agreement (Webridge Inc)

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Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Facility 2 Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, Bank the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to clause (b) of this Section.

Appears in 1 contract

Samples: Loan and Security Agreement (Saba Software Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to the Bank, interest on behalf the amount of Bank, the projected interest to accrue Equipment Advance at the applicable Basic Rate calculated for the number of days from the actual Funding Date to of the Equipment Advance until the first Payment Date, at day of the Basic Ratemonth following such Equipment Advance.

Appears in 1 contract

Samples: Loan and Security Agreement (Nanosys Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to paragraph "(b)" of this Section.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Homestead Com Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Facility 2 Advance or Equipment Facility 3 Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, Bank the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to clause (b) of this Section.

Appears in 1 contract

Samples: Loan and Security Agreement (Saba Software Inc)

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Bank's Prime Rate, plus two percent (2.0%) per annum.

Appears in 1 contract

Samples: Loan and Security Agreement (Manugistics Group Inc)

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