Term of Master Facility Sample Clauses

Term of Master Facility. The Master Facility shall be for a term of five (5) years from the date of this Master Loan Agreement, subject to termination by Bank within ninety (90) days of each anniversary date of this Master Loan Agreement, in the event the Bank determines there has been a material deterioration in the Loan or value of the collateral, as determined in Bank's reasonable discretion, and such termination shall be effective upon written notice to Borrower within such ninety (90) day period, whereupon the Master Facility shall expire and terminate on the date so specified in the notice, provided any outstanding Loan would mature on the maturity date as provided that in the respective Note evidencing such Loan, and would remain unaffected by such termination.
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Related to Term of Master Facility

  • Special Covenants With Respect to Equipment and Inventory Each Grantor shall:

  • Term of License Unless terminated earlier, this Agreement will expire without notice on the date set forth on the Rider. You acknowledge and agree that this Agreement is non-renewable and that this Agreement confers upon you absolutely no rights of license renewal whatsoever following the expiration of the License Term.

  • Term of the Lease 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date.

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.

  • Term of Agreement This Agreement and the Security Interest shall terminate on the date on which all payments under the Notes have been made in full and all other Obligations have been paid or discharged. Upon such termination, the Secured Party, at the request and at the expense of the Company, will join in executing any termination statement with respect to any financing statement executed and filed pursuant to this Agreement.

  • Term of Engagement This Agreement will remain in effect for 12 months from the date of this Agreement. The parties hereto may terminate or extend this Agreement at any time by written consent.

  • Term of the Contract The term of the Contract will begin on the Effective Date and will conclude on the Expiration Date. The Parties may renew the Contract for an additional period or periods, but the Contract Term may not exceed a total of eight (8) years. All reserved contract extensions beyond the Expiration Date will be subject to good faith negotiations between the Parties and mutual agreement to the extension(s).

  • Term of Loan 2.1 The term of the Loan hereunder shall be ten (10) years from the date when the Borrowers actually receive all or any part of the Loan. Unless otherwise indicated by the Lender prior to its expiration, the term of the Loan will be automatically extended for another ten (10) years, and so forth thereafter.

  • Term of Contract This Agreement shall continue in effect until the termination of the Trust in accordance with Section 8.3

  • Term of Plan This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

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