Common use of Adjustment to Interest Rate Clause in Contracts

Adjustment to Interest Rate. Each change in the interest rate applicable to any amounts payable under the Loan Documents based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of such change.

Appears in 49 contracts

Sources: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Invivyd, Inc.), Loan and Security Agreement (BioAge Labs, Inc.)

Adjustment to Interest Rate. Each change in Changes to the interest rate applicable to any amounts payable under the Loan Documents Loans based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

Appears in 6 contracts

Sources: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement

Adjustment to Interest Rate. Each change in the interest rate applicable to any amounts payable under the Loan Documents based on changes to in the Prime Rate shall be effective on the effective date of any such change to the Prime Rate and to the extent of such change.

Appears in 1 contract

Sources: Loan and Security Agreement (Electro Scientific Industries Inc)

Adjustment to Interest Rate. Each change in the interest rate applicable to any amounts payable under the Loan Documents based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of such change.. 122996013v9 220763.003342

Appears in 1 contract

Sources: Loan and Security Agreement (Airgain Inc)