Non-Binding Term Sheet Clause Samples
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Non-Binding Term Sheet. The purpose of this Term Sheet is to outline the general understanding of the Parties with respect to the Bridge Agreement. This Term Sheet is not legally binding, and neither Party shall be bound unless and until each Party, in its sole and absolute discretion, has executed the Definitive Documents necessary or desirable to implement the Bridge Agreement as contemplated by this Term Sheet. The Parties further acknowledge that the effectiveness of the Definitive Documents shall be subject to the prior approval of the National Basketball Association.
Non-Binding Term Sheet. This term sheet summarizes the parties' intentions regarding the joint venture. This term sheet is not binding on either party.
Non-Binding Term Sheet. This Term Sheet is non-binding, for discussion purposes only and is neither an express nor implied commitment by Lender or any of its affiliates to lend or otherwise provide or assist in providing the financing described herein or any other financing, which commitment, if any, shall only be as set forth in a separate commitment letter or other applicable type of agreement but shall govern to the extent inconsistent with the terms of this section “Non-Binding Term Sheet”. Notwithstanding the foregoing, from and after the execution and delivery of this Term Sheet by each of the parties hereto, the paragraphs captioned “Expenses; Indemnification”, “Confidentiality”, “Exclusivity”, “Non-Binding Term Sheet”, “Governing Law”, “No Fiduciary Duty, etc.”, “Rate Lock” and “Miscellaneous” shall be binding on each of the parties hereto.
Non-Binding Term Sheet. This Term Sheet is not binding, is intended as an outline for discussion purposes only, and does not purport to summarize all of the conditions, covenants, representations, warranties, and other provisions that would be contained in definitive legal documentation for (a) the Loan Program Agreements (as amended pursuant to this Term Sheet, the “Amended Loan Program Agreements”) between Cross River Bank and Sunlight Financial LLC and (b) the First Lien Secured Term Loan Facility (as defined below) provided by Cross River Bank to Sunlight Financial LLC. Any commitment by Cross River Bank will be subject only to confirmatory due diligence. Unless otherwise defined in this Term Sheet, capitalized terms used herein shall have the meanings ascribed to them in the Existing Agreements.
Non-Binding Term Sheet. The Parties shall use their Commercially Reasonable Efforts to execute a non-binding term sheet (“Non-Binding Term Sheet”) within forty-five (45) calendar days from the date of APR’s disclosure of the data, information, and material under Section 14.5. (a), which period may be extended by mutual agreement of the Parties acting in good faith (“Negotiation Period”).