Preliminary Term Sheet Sample Clauses
A Preliminary Term Sheet is a non-binding document that outlines the key terms and conditions of a potential agreement between parties before a formal contract is drafted. It typically covers essential points such as pricing, timelines, responsibilities, and other major deal terms, serving as a reference for further negotiations. The core function of this clause is to ensure that all parties have a mutual understanding of the main deal points early in the process, reducing the risk of misunderstandings and streamlining the path toward a final agreement.
Preliminary Term Sheet. A Free Writing Prospectus that contains information of the type described in paragraphs (1) - (3) of the definition of ABS Informational and Computational Materials in Item 1101(a) of Regulation AB but which does not included Derived Information.
Preliminary Term Sheet. Attached hereto is a Preliminary Term Sheet for the proposed Acquisition. The proposal set forth in the Preliminary Term Sheet will expire if we do not receive your signed copy of this letter by 5:00 PM (New York Time) on , 20 . Although it is the intent of the parties that discussions toward reaching a definitive agreement proceed based upon the Preliminary Term Sheet, the terms contained in the Preliminary Term Sheet have not been agreed to by either party, are not binding on either party and the proposal as set forth in the Preliminary Term Sheet is subject to satisfactory completion of due diligence review by Buyer, negotiation and execution of definitive agreements regarding the terms and conditions of the Acquisition (the “Agreements”), approvals of the Buyer Directors and Members and the Company’s Directors, Company shareholder approval and receipt of all necessary regulatory consents and approvals. No past or future action, course of conduct, or failure to act relating to the Acquisition contemplated herein, or relating to the negotiation of the terms of the Acquisition or the Agreements, including, without limitation, efforts by any party to complete due diligence or prepare Agreements, which will give rise to or serve as a basis for any obligation or other liability on the part of either of us to complete the Acquisition.
Preliminary Term Sheet. Collectively, the preliminary term sheet dated April 25, 2007 relating to Group 1 of certain classes of the Publicly-Offered Certificates and the preliminary 220666 SEMT 2007-2 Underwriting Agreement term sheet dated April 25, 2007 relating to Group 2 of certain classes of the Publicly-Offered Certificates. Seller Mortgage Loan Information: Information relating to the Mortgage Loans furnished by or on behalf of the Depositor or the Seller to the Underwriters.
Preliminary Term Sheet. The Offering Issuer: Collision ▇▇▇▇▇.▇▇▇, Inc. (the "Company"), a Delaware corporation wholly-owned by First Priority Group, Inc. ("FPGI"). Issue: Private Placement of Series B Convertible Preferred Stock (the "Series B Preferred Stock") offered to accredited investors only pursuant to Regulation D. Amount: Minimum of $5.0 million and maximum of $7.0 million. As part of the Minimum, the Company shall raise a minimum of five hundred thousand dollars ($500,000) and a maximum of two million dollars ($2,000,000) of Series A Preferred Stock which shall have similar terms as the Series B Preferred Stock and shall be funded and held in escrow prior to the marketing of the Series B Preferred Stock. Pre-Offering Fully-diluted Valuation: $21 million. Use of Proceeds: Web site development, marketing expenses and working capital. In return for its equity ownership in the Company, FPGI shall contribute all its tangible and intangible property and personnel related to the internet application of collision damage claims management, repair facilities and damage repairs to the auto insurance industry.
Preliminary Term Sheet. Issuer: NovaDel Pharma Inc. (the "Company"), a Delaware corporation. Issue: Approximately $10+ million of common stock (the "Common Stock") and Warrants (as defined below) (the "Securities") issued to accredited investors only pursuant to Regulation D.