Common use of Term Loans Clause in Contracts

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) the Prime Rate then in effect; or (B) 3.50%.

Appears in 4 contracts

Samples: Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Casper Sleep Inc.), Loan and Security Agreement (Casper Sleep Inc.)

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Term Loans. Except as set forth in Section 2.3(b), the 2.3(p),-the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: of (A) 2.00% above the Prime Rate then in effect; , or (B) 3.505.50%.

Appears in 3 contracts

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

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable an annual rate equal to the greater of: (A) 5.10% above the Prime Treasury Rate then in effecteffect on the date that a Term Loan is funded; or (B) 3.505.50%, which rate shall be fixed on the date of funding of such Term Loan.

Appears in 3 contracts

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

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 2.25% above the Prime Rate then in effect; or (B) 3.505.50%.

Appears in 2 contracts

Samples: Loan and Security Agreement (Marinus Pharmaceuticals Inc), Loan and Security Agreement (Marinus Pharmaceuticals Inc)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 0.50% above the Prime Rate then in effect; or (B) 3.504.75%.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cirius Therapeutics, Inc.), Loan and Security Agreement (Cirius Therapeutics, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 2.75% above the Prime Rate then in effect; or (B) 3.506.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Tobira Therapeutics, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: of (A) 2.75% above the Prime Rate then in effect; , or (B) 3.506.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Aldexa Therapeutics, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 3.05% above the Prime Rate then in effect; or (B) 3.506.30%.

Appears in 1 contract

Samples: Loan and Security Agreement (Heat Biologics, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: of (A) 2.00% above the Prime Rate then in effect; , or (B) 3.505.25%.

Appears in 1 contract

Samples: Loan and Security Agreement (Aldeyra Therapeutics, Inc.)

Term Loans. Except as set forth in Section 2.3(b2.2(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) the Prime Rate then in effect; or (B) 3.50five percent (5.00%).

Appears in 1 contract

Samples: Loan and Security Agreement (Liquidia Technologies Inc)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 1.5% above the Prime Rate then in effect; or (B) 3.50%effect on the date of each such Term Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Liposcience Inc)

Term Loans. Except as set forth in Section 2.3(b2.2(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable floating annual rate equal to the greater of: (A) 1.75% above the Prime Rate then in effect; or (B) 3.505.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Werewolf Therapeutics, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: of (Ax) 3.75% above the Prime Rate then in effect; effect on the date of each such Term Loan, or (By) 3.507.25%.

Appears in 1 contract

Samples: Loan and Security Agreement (Liposcience Inc)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 2.00% above the Prime Rate then in effect; or (B) 3.505.50%.

Appears in 1 contract

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

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 1.50% above the Prime Rate then in effect; or (B) 3.505.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Celator Pharmaceuticals Inc)

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Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: of (Ax) 3.75% above the Prime Rate then in effect; effect on the date of each such Term Loan, or (By) 3.507.25%.

Appears in 1 contract

Samples: Loan and Security Agreement (Liposcience Inc)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, interest on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 3.00% above the Prime Rate then in effect; or (B) 3.506.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Heat Biologics, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 1.50% above the Prime Rate then in effect, provided that such variable annual rate may not exceed 5.25%; or (B) 3.504.75%.

Appears in 1 contract

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

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 1.50% above the Prime Rate then in effect; , provided that such variable annual rate may not exceed 4.50%: or (B) 3.504.50%.

Appears in 1 contract

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

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 2.00% above the Prime Rate then in effect; or (B) 3.50%provided that following Borrower’s completion of the Funding Milestone set forth in Section 6.7 hereof, the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable rate equal to 1.50% above the Prime Rate then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Clearone Communications Inc)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 4.00% above the Prime Rate then in effect; or (B) 3.507.25%.

Appears in 1 contract

Samples: Loan and Security Agreement (Lucid Inc)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: of (A) 1.00% above the Prime Rate then in effect; , or (B) 3.504.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Indie Semiconductor, Inc.)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 1.50% above the Prime Rate then in effect; or (B) 3.505.00%.

Appears in 1 contract

Samples: Loan and Security Agreement (Diamond Eagle Acquisition Corp. \ DE)

Term Loans. Except as set forth in Section 2.3(b), the Term Loans shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 3.25% above the Prime Rate then in effect; or (B) 3.506.50%.

Appears in 1 contract

Samples: Loan and Security Agreement (Marinus Pharmaceuticals Inc)

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