Example ContractsClausesInitial Term Loan
Initial Term Loan
Initial Term Loan contract clause examples
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Initial Term. The Initial Term of the Lease shall be extended for a period of three (3) years and shall expire on the New Expiration Date as to both the Existing Premises and the Expansion Premises. The line captioned “Expiration Date” in the Lease Summary Sheet is deleted in its entirety, and each instance of the Lease that refers to the “Expiration Date” shall be deemed to refer to the New Expiration Date.

Initial Term. The initial term of this Agreement shall begin on the Commencement Date and continue for two (2) years (the “Initial Term,” and together with any renewals, if applicable, the “Term”).

Initial Term. Sublandlord does hereby lease and demise to Subtenant, and Subtenant does hereby lease and accept from Sublandlord, the Subleased Premises for a term (the “Sublease Term”) commencing on the “Commencement Date” of the Master Lease (the “Sublease Commencement Date”) and terminating at the end of the 60th full month thereafter (the “Sublease Termination Date”), subject to extension or earlier termination pursuant to the terms of the Master Lease or this Sublease.

Initial Term. The initial term of this Agreement shall begin on the date first set forth

Initial Term. Executive’s employment under this Agreement commenced on September 24, 2018 (the “Effective Date”), and will continue for a period of three (3) years (the “Initial Term”). Thereafter, this Agreement shall renew only upon thirty (30) days written notice as provided in Section 4(b).

Initial Term. The lease of the Premises shall commence on the Lease Commencement Date and shall be for a period of 10 (ten) years thereafter (the “Initial Term”).

Initial Term. The terms of this Agreement shall apply to the provision of Products by the Supplier to the Purchaser shall commence on the Effective Date and continue to apply until December 31 2024 (the “Initial Term”).

Term Loan. The Borrowers may, at any time and from time to time, upon # in the case of a Reference Rate Loan, at least 1 Business Day prior written notice to the Agents, or # in the case of a LIBOR Rate Loan at least 3 Business Days' prior written notice (or, in each case, such shorter notice as may be agreed by the Agents) to the Agents, prepay the principal of the Term Loan, in whole or in part; provided, that, if such notice states that it is conditioned upon the receipt of the proceeds from the issuance of Indebtedness or Equity Interests, such notice of prepayment may be revoked by the Borrowers if such condition is not satisfied. Each prepayment made pursuant to this [Section 2.05(b)(ii)] shall be accompanied by the payment of # accrued interest to the date of such payment on the amount prepaid and # the Applicable Premium, if any, payable in connection with such prepayment of the Term Loan. Each such prepayment shall be applied against the remaining installments of principal due on the Term Loan as directed by the Borrowers.

Term Loan. Subject to [Section 2.2(b)], the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the greater of # two and one quarter of one percent (2.25%) below the Prime Rate or # three and one quarter of one percent (3.25%), which interest shall be payable monthly in accordance with [Section 2.2(d)] below.

Term Loan. Borrower shall deliver to Bank by electronic mail or through Bank’s online banking program a completed Payment/Advance Form executed by an Authorized Signer together with such other reports and information, as Bank may request in its sole discretion. Bank shall credit proceeds of the Term Loan to the Designated Deposit Account.

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