Prime Rate Option. If Borrower selects the Prime Rate pricing option, Borrower shall repay the amount of principal drawn in forty-seven (47) equal monthly payments of principal plus accrued interest and one final payment of all outstanding principal and accrued interest.
Appears in 2 contracts
Sources: Loan and Security Agreement (Corillian Corp), Loan and Security Agreement (Corillian Corp)
Prime Rate Option. If Borrower selects the Prime Prime-Based Rate pricing option, Borrower shall repay the amount of principal drawn in forty-seven (47) equal monthly payments of principal plus accrued interest payments, and one final payment of all outstanding principal and accrued interest.. Accrued interest shall be paid on the date of each principal payment,
Appears in 1 contract