Interest Rate

Interest Rate. Means the rate of 6% calculated on the basis of a 360 day year based on the number of days elapsed including the first day, but excluding the day on which such calculation is being made; provided that in the absence of an Event of Default and in the event the Company does not complete an IPO by June 30, 2006, the Interest Rate applicable to this Note will increase by 100 basis points as of June 30, 2006; provided further that upon the occurrence of an Event of Default, the Interest Rate will... increase to the Default Rate View More

Interest Rate. 11% per annum, compounded quarterly.

Interest Rate. Means the rate of 10% per annum, calculated on the basis of a 360 day year based on the number of days elapsed including the first day, but excluding the day on which such calculation is being made

Interest Rate. A rate of interest equal to (i) for the period from and including the date hereof through and including the last day of the Interest Period ending in the calendar month of June, 2008, 5.75% per annum, and (ii) for all periods thereafter, 6.191% per annum (or, in either such case, when applicable pursuant to this Note or any other Loan Document, the Default Rate).

Interest Rate. Means (i) with respect to the Development Cost Credit, the weighted average Prime Rate from the date the first Development Cost was incurred or paid until the First Commercial Sale, calculated on the basis of the Prime Rate on the last day of each calendar month and the total aggregate amount of Development Cost incurred or paid through the end of such calendar month, and (ii) with respect to the Initial Payment Credit the weighted average Prime Rate from the Approval Date for Agreement until... the First Commercial Sale calculated on the basis of the Prime Rate on the last day of each calendar month during such period. View More

Interest Rate. `Interest Rate' shall mean, (a) Subject to clause (b) of this definition below: (i) as to Prime Rate Loans, a rate per annum equal to the sum of the "Applicable Prime Rate Margin" if the Excess Availability for the Borrower is at or within the amounts indicated for such percentage (set forth below), plus the Prime Rate, (ii) as to Eurodollar Rate Loans, a rate per annum equal to the sum of the corresponding "Applicable Eurodollar Rate Margin" if the Excess Availability is at or within the... amounts indicated from such percentage (set forth below), plus the Adjusted Eurodollar Rate (in each case, based on the Eurodollar Rate applicable for the Interest Period selected by Borrower, as in effect three (3) Business Days after the date of First Amendment to Loan and Security Agreement receipt by Lender of the request of Borrower for such Eurodollar Rate Loans in accordance with the terms hereof, whether such rate is higher or lower than any rate previously quoted to Borrower). Applicable Prime Applicable Eurodollar Excess Availability Rate Margin Rate Margin - ------------------- ----------- ----------- $3,000,001 or more 0% 2.25% $1,000,000 to $3,000,000 0% 2.50% less than $1,000,000 .25% 2.75% (b) Notwithstanding anything to the contrary contained in clause (a) of this definition, the Interest Rate shall mean the rate of two and one-quarter percent (2.25%) per annum in excess of the Prime Rate as to Prime Rate Loans and the rate of five percent (5.00%) per annum in excess of the Adjusted Eurodollar Rate as to Eurodollar Rate Loans, at Lender's option, without notice, (i) either (A) for the period on and after the date of termination or non-renewal hereof until such time as all Obligations are indefeasibly paid and satisfied in full in immediately available funds, or (B) for the period from and after the date of the occurrence of any Event of Default, and for so long as such Event of Default is continuing as determined by Lender and (ii) on the Revolving Loans to at any time outstanding in excess of the amounts available to Borrower under Section 2 (whether or not such excess(es) arise or are made with or without Lender's knowledge or consent and whether made before or after an Event of Default). View More

Interest Rate. The annual rate of five and nine hundred five thousandths percent (5.905%)

Interest Rate. Shall be 11% per annum.

Interest Rate. The rate of interest that shall accrue on the Principal as provided in the Promissory Note

Interest Rate. 6.63% per annum.