PROPOSED TERM SHEET Sample Clauses
A Proposed Term Sheet is a preliminary document that outlines the key terms and conditions of a potential agreement between parties before a formal contract is drafted. It typically covers essential elements such as pricing, timelines, responsibilities, and other major deal points, serving as a framework for further negotiation. By clearly setting out the main expectations and intentions of each party early in the process, the Proposed Term Sheet helps prevent misunderstandings and streamlines the path toward a final, binding agreement.
PROPOSED TERM SHEET. 6.1 BRIDGETECH shall, within ten (10) working days after receipt of the notice from WJPF as set forth in Article 5 above, provide WJPF with a proposed term sheet for the proposed distribution agreement for negotiation by the Parties.
6.2 The proposed term sheet shall contain ordinary commercial terms that are normally included in a distribution agreement, including, in particular,
(i) the nature of the appointment (exclusive or non-exclusive);
(ii) a proposed trading discount if WJPF elects to purchase the Product from BRIDGETECH for distribution purpose in the PRC; and
(iii) a proposed profit-sharing ratio if WJPF elects to provide services to third parties in cooperation with BRIDGETECH.
PROPOSED TERM SHEET. The following is a summary of the proposed terms of employment agreements to be entered into by Chaparral Energy, Inc. (“Company”) and select employees of the Company (collectively, the “Agreement(s)”).
PROPOSED TERM SHEET to the Lender setting forth the terms, conditions and pricing of such Additional Financing (such financing to be negotiated on “arm’s length” terms and the terms thereof to be negotiated in good faith) proposed to be entered into by the Borrower and/or applicable Subsidiary. The Lender shall have the right, but not the obligation, to participate in such Additional Financing for up to twenty-five percent (25%) of the aggregate principal amount on the same terms and conditions as those offered to the Borrower and its Subsidiary in the Proposed Term Sheet. The Lender shall deliver its notice of participation to the Borrower within ten (10) Business Days of receipt of such Proposed Term Sheet.
PROPOSED TERM SHEET. This term sheet summarizes the principal terms of a proposed financing of the Company. This term sheet is for discussion purposes only. The terms and conditions are subject to change and this term sheet does not constitute either an offer to sell or an offer to purchase securities. The issuance and sale of any securities is subject to completion of due diligence to the Investors' satisfaction, the preparation and negotiation of definitive documentation and, subsequent to the date hereof, no material adverse developments shall have occurred relating to the business, assets, operations, properties, condition (financial or otherwise) or prospects of the Company and its subsidiaries, taken as a whole. June 9, 2004 ISSUER: Technoprises Ltd (OTCBB: TNOLF) (the "Company")