Term and Termination; Effect of Termination. The term of this Agreement will begin on the Agreement Effective Date and continue, unless terminated earlier by Lightspeed, until the date on which Lightspeed receives the full TSRA (the “Agreement Term”). Because Lightspeed is not providing Merchant with a loan under this Agreement, there are no scheduled payments or specified term for repayment. Lightspeed may immediately terminate this Agreement if Merchant fails to remedy a breach of this Agreement within five business days after receiving notice of the breach from Lightspeed.
Appears in 5 contracts
Samples: Agreement for the Purchase and Sale of Future Receipts (Impossible Kicks Holding Company, Inc.), Purchase and Sale of Future Receipts (Impossible Kicks Holding Company, Inc.), Agreement for the Purchase and Sale of Future Receipts (Impossible Kicks Holding Company, Inc.)
